August 2013 - Monte Titoli

August 2013
Net overnight and intraday cycle - multilateral cash balance
To each multilateral cash balance settled in TARGET2 the following fees are applied to the
paying agent in Express II (the participant or its correspondent bank):
Fee
Invoicing code
Multilateral cash balance settled in TARGET 2 0.30 EX0033
SWIFT message input by Monte Titoli to TARGET2 in the net
intraday settlement cycle.
Non-repudiation liability of 20% is included.
0.531 RE0002
5.3.1 Gross settlement
The following transactions are filled into gross settlement system:
- Over the counter transactions, or;
- transactions dealt on a trading venue and to be settled on a gross basis.
The following fee is applied for their settlement:
Unit fee to settle intra-system transactions
Fee
Intra-system transaction 0.30
Invoicing code
DT0067
- Transactions non settled in net settlement cycles and automatically sent to the gross
settlement are charged with the X-TRM fee detailed in paragraph 4.1:
Fee
Invoicing code
Acquisition of transactions (each) 0.175 EX0002
- cash settlement fee:
Fee
Invoicing code
Cash settlement in TARGET2 for domestic deliveries
Intra-system transaction 0.30
DT0079
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