Italy: Special settlement procedure
Monte Titoli S.p.A. has established a special settlement procedure to correctly manage the calculation of the interest under accrual of the following CCTs (Italian treasury bonds) with coupon payment on 15 June 2013:
IT0004620305 CCT 15/06/10 – 15/12/15 TV
IT0004809809 CCT 15/12/11 – 15/06/17 TV
According to the special settlement procedure, all trades in the above-mentioned securities sent to the X-TRM system on 13 June 2013 with settlement date on/after 18 June 2013 will be processed only after communication of the new interest rates by the Bank of Italy.
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