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Kezdőlap Média Kisokos Kutatás és publikációk Statisztika Monetáris politika Az €uro Fizetésforgalom és piacok Karrier
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Market practices in Italy

Italy
Name of National Central Bank Banca d'Italia
Phone number of the CCBM unit + 39 06 47 92 38 68
Fax number of the CCBM unit + 39 06 47 92 38 53
email it.securities@bancaditalia.it
giuseppe.maresca@bancaditalia.it
maria.costantini@bancaditalia.it
Foreign counterparties’ contact for credit claim related issues bi.collateral@bancaditalia.it
+ 39 06 47 92 40 98
Publications describing local legal and operational procedures Sistema di gestione delle garanzie in pooling e dei depositi in titoli - Guida per gli operatori
Legal and procedural aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) There are neither specific procedural aspects nor specific legal documentation governing the receipt/delivery of the collateral to the Banca d'Italia for CCBM operations (for repurchase agreements or pledges at the HCB)
Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) Terms and conditions
Specific procedures governing non-marketable assets Specific terms and conditions for Credit Claims
Technical Aspects Monte Titoli S.p.A. Banca d’Italia
Type of eligible assets held Bonds issued by central and local government, corporates and financial institutions Non-marketable assets
Opening hours Monte Titoli participates in T2S and follows the T2S calendar and Business Day schedule
T2S UDFS v.2.2 chapter 1.4
7:30 – 19:30 CET
Number of settlement cycles per day CCBM transactions are settled in the T2S real-time settlement window (see previous link to the T2S UDFS) n.a.
BIC of SSS(s) MOTIITMMXXX BITAITRRCCB
Account of NCB in the SSS MOTIBITAITRRXXX6100300 n.a.
HCB's sub accounts in the SSS (where applicable) n.a. n.a.
Matching requirements Yes n.a.
Matching/Settlement details

T2S Mandatory matching fields


Furthermore, as Banca d'Italia adopted the Italian market practice on Party2 matching, the Party2 BIC codes (both of the Home Central Bank’s and the counterparty’s) have to be included in the instructions.
Example
Central banks
Party 1 - CSD Participant: BITAITRRXXX
Party 2 - Client of the CSD Participant: MARKDEFFCCB
Counterparties
Party 1 – CSD Participant: CITIITMXXXX in field DEAG/ REAG
Party 2 - Client of the CSD Participant: BARCGB33XXX in field SELL/ BUYR
n.a.
Special Operating Procedures n.a. n.a.
Homepage of SSS www.montetitoli.it www.bancaditalia.it