Monte Titoli adds new XCOM segment for OTC repo collateral management

Monte Titoli is pleased to inform you that on the 9 March 2015 a new segment of XCOM will be launched for the management of repos traded bilaterally over-the-counter.
By using the new facilities, our Participants will be able to outsource to Monte Titoli all processes related to the selection, valuation, integration and restitution of collateral.

The new facility will integrate the actual modules which allow the allocation of collateral in the Pooling System of Banca d’Italia.

This enhancement is an important step to provide our clients with an effective tool to manage liquidity and collateral in a safe and efficient way. An additional significant step is already planned the 11th of May when the Service will be also extended for the management of trades dealt on trading venues guaranteed by CC&G as central counterparty.

A grace period on fees is foreseen up to the end of May this year.

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