Entitlement Compensation Rules - Italy

21.08.2015

No compensation is offered by the market on bonds and on OTC trades in equities. Customers should liaise directly with their counterparty for compensation of coupon or dividend payments.

Bonds

Market compensation basis:Requested Settlement Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Additional information:
For OTC trades, no automatic compensation is in place in the market and negotiation must take place directly between counterparties involved in the relevant trade.
Service offered by CBL:No service offered

Equities

Market compensation basis:Trade Date
Automatic Compensation Managed by Local CSD:No
Restriction on custody events/transaction types:No restriction
Additional information:
For OTC trades, no automatic compensation is in place in the market and negotiation must take place directly between counterparties involved in the relevant trade.
Service offered by CBL:No service offered

Buyer protection

Buyer protection is not available in Monte Titoli.