X-Com

What we do

The Management Company for the X-Com Section with which CC&G currently has agreements are:

  • E-Mid sim S.P.A
  • MTS S.P.A

Tri-party Repo CCP service

Simple, easy and fast.

X-COM is the triparty Collateral Management Service able to significantly ease the funding and investment strategies of your Treasury.

Monte Titoli acting as triparty agent can manage all the administrative functions of collateral, leaving the back office of the banks to concentrate on their core activities.

Key Benefits

For cash providers, X-COM allows to recover profitability within the treasury management compared to deposit facility in central bank.

To cash receivers, X-COM gives the opportunity to move into the market a significant part of their securities portfolio which could be otherwise used in central bank only. Providing a market alternative, these securities become more liquid with immediate benefits on the Basel3 liquidity indicators and in terms of capital absorption.

Who can benefit

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.

The CCP service for the Repo X-COM section is organized in the following phases:

  • Contracts acquisition from the regulated markets.
  • Transaction routing to X-COM.
  • Margin calculation.
  • Fail management.
  • Default Fund management.
  • Reporting service.

See the relevant documentation to better understand the risk management model applied and the interaction with the collateral management service X-COM.

Service Model: CENTRAL COUNTERPARTY GUARANTEE SYSTEM FOR THE REPO X-COM SECTION

Document

Report & Flows: X-COM Collateral Management

Document

For more information please see Monte Titoli website

Monte Titoli