Monte Titoli has announced as from May 26th 2015, the amount of the Default Fund for the Equity Derivatives and the Share Sections will be decreased from € 2,200 million to € 1,700 million, while the Default Fund for the Bond and the ICSD Bond Sections will be increased from € 2,600 million to € 2,700 million.

As from the same day:

  • the variation of the Contribution Quota to the above mentioned Default Funds will be provided by means of the ICWS (Default Fund menu) and the message M01 through RNI; 
  • debtor Members or their Settlement Agents will have to fund their PM account in the TARGET2 System in order to allow CC&G to direct debit the amount due 1 (the Debit Period will start at 9:00 and will end at 9:30 CET) 2;
  • CC&G will credit PM accounts of creditor Members or their relevant Settlement Agents 1.

Click on the link above for further details.