Navigation Path: Home > Payments & Markets > Collateral > Mobilise collateral > 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 / 57 41 |
| Fax number of the CCBM unit | + 39 06 47 92 38 53 |
| it.securities@bancaditalia.it giuseppe.maresca@bancaditalia.it maria.costantini@bancaditalia.it |
|
| Foreign counterparties’ contact for credit claim related issues |
bi.front_office@bancaditalia.it + 39 06 47 92 25 25 |
| Publications describing local legal and operational procedures | Conti di deposito in titoli - Guida per gli operatori http://www.bancaditalia.it/sispaga/servpag/mtt/guida_cat_9_12.pdf |
| 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) | |
| Specific procedures governing non-marketable assets | Terms and conditions direct link: http://www.bancaditalia.it/banca_centrale/polmon/strumenti/guida_operatori_marzo_2013.pdf |
| 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 | 7:00 a.m.–6.00 p.m. | 9:00 a.m. – 5.00 p.m. |
| Number of settlement cycles per day | CCBM transactions are settled in a continuous real-time free-of-payment procedure | n.a. |
| BIC of SSS(s) | MOTIITMMXXX | BITAITRRCCB |
| Account of NCB in the SSS | 61003 | n.a. |
| HCB's sub accounts in the SSS (where applicable) | n.a. | n.a. |
| Matching requirements | Yes | n.a. |
| Matching/Settlement details | CCBM instructions regarding the delivery of collateral are matched on a telephone
basis between Banca d'Italia and the deliverer (custodian). Instructions are matched
against the following items:
|
n.a. |
| Special Operating Procedures | n.a. | See http://www.bancaditalia.it/banca_mercati/polmon/strumenti/Credit_claims.pdf |
| Homepage of SSS | www.montetitoli.it | www.bancaditalia.it |
