EMIR

The European Market Infrastructure Regulation (EMIR) went into effect in Italy and in every European country on 16 August 2012.

The objectives of the regulation are to be pursued through specific obligations applicable to Financial Counterparties and Non-Financial Counterparties, with different means and dates of effectiveness.

The most significant obligations refer to:

  • clearing through a central counterparty (CCP) of all standardized OTC derivatives contracts, as evidenced in a special public register set up by the European Securities and Markets Authority (ESMA);
  • reporting to the Trade Repository of all transactions effected in financial derivatives, including exchange traded derivatives (ETD) and OTC transactions (and any amendment to or termination of the same);
  • the variation and initial margin exchange for OTC derivatives not cleared on a CCP;
  • application of risk-mitigation techniques as following:
    • timely confirmation
    • portfolio reconciliation
    • portfolio compression
    • dispute resolution
    • daily mark-to-market valuation of derivatives contracts
    • adoption of risk-management procedures.

Intesa Sanpaolo is member of the following CCPs:

FURTHER INFORMATION AND DISCLOSURES ON EMIR REGULATION:

TITLE DESCRIPTION download
Disclosure Document Clearing of Cash Equity and Fixed Income

Information about the Intesa Sanpaolo offers for Cash Equity and Fixed Income clearing within the framework of EMIR and MiFID II.
PDF (EN) 562 Kb
Disclosure Pricing for Clearing of Cash Equity and Fixed Income

Information about costs associated with the different levels of segregation that are available.
PDF (EN) 318 Kb
EMIR - Informations on Intra-group Exemptions

Notice of EMIR Intragroup Exemptions from Exchange of Collateral
PDF (EN) 134 Kb
EMIR - MIFIR - Clearing Member Document Direct and Indirect

Disclosure for Clients whose derivatives transactions are cleared by Intesa Sanpaolo as a CCP Clearing Member and for Indirect Clients whose derivatives transactions are indirectly cleared by Intesa Sanpaolo’s clearing brokers.
PDF (EN) 1301 Kb
OTC Clearing Pricing Document

Disclosure pricing document for OTC Derivatives clearing services
PDF (EN) 518 Kb
ETD Clearing Pricing Document

Disclosure pricing document for Listed Derivatives clearing services
PDF (EN) 148 Kb
MiFIR – Direct Client Disclosure Document Indirect Clearing

Disclosure for Indirect Clients whose ETD transactions are indirectly cleared by Intesa Sanpaolo’s clearing brokers.
PDF (EN) 795 Kb
EMIR -Clearing Member Document Cleared Derivatives

Disclosure for Clients whose ETD transactions are cleared by Intesa Sanpaolo as a CCP Clearing Member
PDF (EN) 425 Kb
Onboarding process

Disclosure on the Onboarding process for the offering of the OTC derivatives clearing
PDF (EN) 314 Kb
Request for proposal

Request for Proposal for OTC derivatives clearing service
PDF (EN) 349 Kb
EU CCP Recovery and Resolution Regulation Notification

Notification pursuant to EU CCP Recovery and Resolution Regulation 2021/23
PDF (EN) 626 Kb
EU CCP Recovery and Resolution Regulation Notification - Appendices

Appendices to EU CCP Recovery and Resolution Regulation Notification 2021/23
PDF (EN) 422 Kb
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Further information and disclosures referring to Banca IMI  

To view or download regulation on the previous Banca IMI.

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