Italy could face more swap terminations

borsa-italiana

Italian politicians were involved in a tense exchange last month over four derivatives trades between the Dipartimento del Tesoro – the country’s debt office – and Morgan Stanley, which were terminated by the US bank in January, forcing Italy to pay out €2.567 billion.

That was a unique situation, according to Italian education undersecretary Marco Rossi Doria, whose remarks were published in parliamentary transcripts on March 15. He said the trades contained alternative termination event (ATE)

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: