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 CCTeu securities (Italian treasury bonds) with coupon payment on 15 April 2013:
IT0004652175 CCTeu 15/10/10 – 15/10/17 TV
IT0004716319 CCTeu 15/04/11 – 15/04/18 TV
According to the special settlement procedure, all trades in the above-mentioned securities sent to the X-TRM system on 11 April 2013 with settlement date 16 April 2013 will be processed only after communication of the new interest rates by the Bank of Italy.
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