First Cross-Border Settlement Repo Transaction In The Fixed Income Segment With Monte Titoli Date
05/05/2021
Following the recent incorporation of new international counterparties, on April 26, BME Clearing registered the first Repo transaction in Spanish debt requiring cross-border settlement with the Italian CSD Monte Titoli. The transaction was executed between a national and an international counterparty, via the Brokertec platform, which settled successfully.
For BME Clearing, the transfer of settlement to Monte Titoli via the TARGET2-Securities platform, without it being necessary to be an Iberclear participant, is a new milestone in the Fixed Income Segment as it allows greater flexibility by removing barriers to cross-border settlement.