The official site of Italy's central bank

e-MID

e-MID SIM manages multilateral trading systems for trading of unsecured deposits, repos and interest rate derivatives.

e-MID, on the unsecured money market segment, enables participants to trade deposits denominated in euro, US dollars and sterling, with maturities ranging from one day (overnight) to one year. It is also possible to trade non-standard maturities (broken dates) and to execute exchanges on a bilateral basis (Request for Quote).

On the NewMIC - collateralised interbank market - participants can exchange euro-denominated deposits in anonymous form, backed by a pool of eligible collateral posted with the central counterparty, Cassa di Compensazione e Garanzia (CC&G).

The e-MID REPO market trades in repurchase agreements with government bonds, corporate bonds, covered bonds and asset-backed securities as collateral. The participants in this segment can use CC&G's central counterparty service.

The e-MIDER segment allows participants to trade EONIA Overnight Index Swaps (OIS).