|Equities||Corporate bonds||Government bonds||Derivatives|
|Main trading venue||Borsa Italiana||Borsa Italiana||Borsa Italiana – MTS||Borsa Italiana|
|Main clearing venue||CC&G (Cassa di Compensazione e Garanzia)||CC&G||CC&G/LCH.Clearnet SA||CC&G|
|Settlement and custody||Monte Titoli – T2S||Monte Titoli – T2S||Monte Titoli – T2S||n/a|
|Cash leg||Central bank (TARGET2 – DCA)||Central bank (TARGET2 – DCA)||Central bank||n/a|
Both CONSOB and the Bank of Italy are the competent authorities for the Italian central counterparty “Cassa di Compensazione and Garanzia” and for the Italian Central Securities Depository “Monte Titoli”.
The application of penalties has been suspended since T2S migration in 2015. The reintroduction can be decided with 48 hours notice.
The penalties rates were as follows:
Members will be charged a fixed fee of EUR 1,000 plus a variable fee of 0.1% of the countervalue of the financial instruments purchased through the buy-in agent on each buy-in executed.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
We are the largest depository bank in Italy with a strong commitment to supporting domestic and non‑resident financial intermediaries.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
The BNP Paribas Group has been present in Italy since 1967. BNP Paribas Securities Services Italy was created in 1995 and has been constantly growing since then. Today we have more than 500 employees in Milan and settle more than 17 million transactions on a yearly basis. With EUR 829 billion of assets under custody and EUR 205 billion assets under administration (May 2018) BNP Paribas Securities Services is the leading post-trade provider in Italy servicing a diversified client base of domestic and international entities.
For more information, please contact your relationship manager or
Stefano Catanzaro, General Manager for the Italian Branch