X-COM is the Triparty Collateral platform managed by Monte Titoli.
Launched in September 2012 for the interaction with Banca d’Italia’s Pooling System, the Service has been extended on the 9 March 2015 with OTC bilateral activity, and on the 11 May 2015 with the segment of triparty repos contracted on-exchange and guaranteed by CC&G.
X-COM Participants can instruct trades directly on the two market platforms (MTS and e-MID), which are connected to the Triparty platform, and leave to the latter one the management of all processes entailed in the life cycle of the financing operation. Moreover, Clients may instruct bilaterally negotiated repo contracts to be matched in X-COM to the platform, and managed according to the operative processes and risk rules defined bilaterally between the counterparties.
CC&G’s guaranteed basket, named “ECB Euro denominated Repo Basket”, includes a great number of securities eligible for the European Central Bank. It will allow Participants to exploit a great share of their securities portfolio which would otherwise remain unused.
X-COM is targeted to treasuries, repo desks, brokers/dealers, CCPs, Central Banks, and buy side (asset managers and insurance companies). Thanks to a functional architecture integrated and fully automatized, the client benefits from a complete control of its portfolio of collaterals, whilst utilizing a flexible set of tools for an optimal management of its risk profile.
X-COM can be accessed via MT-X web platform, and via SWIFT.