Other services - Italy

08.01.2018

Clearstream's securities lending and borrowing and triparty services

All Italian debt securities eligible in Clearstream qualify for Clearstream’s securities lending and borrowing programme.

Equities and warrants are not eligible for Clearstream’s securities lending and borrowing programme. Multiple beneficiary accounts are also unable to participate in Clearstream’s lending and borrowing programme.

Multi-Market securities service

Please refer to the Multi-Market Securities page on the Clearstream website for a complete list of multi-market securities that are settled via Intesa Sanpaolo and the corresponding instruction specifications.

Disclosure requirements

Please refer to the Disclosure Requirements - Italy.

Tax services

The customer, by holding Italian securities in Clearstream, either on their behalf or on behalf of underlying investors (beneficial owners), expressly waives the application of “regime amministrato”, as provided for under Article 6(2) of Legislative Decree 21 November 1997, No. 461, resulting in the mandatory application of “regime ordinario” or “regime della dichiarazione” to any capital gain income that may, from time to time, be relevant for Italian tax purposes. The customer acknowledges that the above waiver will result in the obligation of the customer or the beneficial owners to declare to the Italian Tax Authorities any capital gain income that may, from time to time, be subject to Italian tax and pay the associated amount of Italian taxation. The customer further undertakes to comply with any other reporting obligations set forth by such regime. Details about this and other tax services in Italy can be found in the Market Taxation Guide - Italy.