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 payments on 1 September 2013:
IT0004224041 CCT 01/03/07 – 01/03/14 TV
IT0004404965 CCT 01/09/08 – 01/09/15 TV
IT0004584204 CCT 01/03/10 – 01/03/17 TV
According to the special settlement procedure, all trades in the above-mentioned securities sent to the X-TRM system on 28 August 2013 with settlement date on/after 2 September 2013 will be processed only after communication of the new interest rates by the Bank of Italy.
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