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LEGENDA

Trading Book:

VAR: percentage change calculated as the difference between Price of the last contracts concluded and the previous day's Closing Price.

 

Last contract information:

PRICE: or "Dynamic Reference Price", price of last contract concluded.

QUANTITY: nominal value traded of the last contract concluded.

DATE AND TIME: date and time when last contract was concluded.

 

Daily information:

CLOSING PRICE: or "Reference Price", official price of the market calculated according to EuroTLX Rule Book with different algorithms depending on the type of instrument.

DATE: reference date of the closing price.

STATIC REFERENCE PRICE: calculated according to EuroTLX Rule Book with different algorithms depending on the type of instrument, it is the price used in order to perform the trading automatic checks, being the reference price for Limit 1 and Limit 3.

QUANTITY: cumulative nominal value of the trades concluded during the EuroTLX exchange session.

TURNOVER: value, expressed in trading currency, of the trades concluded during the EuroTLX exchange session.

GROSS ACCURED INTEREST: interest amount accrued from the last interest accrual date till the reference day. The value is calculated using the date of the closing price as a reference date.

NET ACCURED INTEREST:interest amount accrued from the last interest accrual date till the reference day net of tax. The value is calculated using the date of the closing price as a reference date.

GROSS YIELD TO MATURITY: yield to maturity calculated using the closing price of the reference date reported.

NET YIELD TO MATURITY: yield to maturity calculated using the closing price of the reference date reported net of tax. Value doesn’t include/consider any further taxation or tax credit rising from capital gain or loss.

MODIFIED DURATION: it determines the riskness' of the instrument. Allows to quantify the expetation cahnge in the price compared to a corresponding change in the interest rates.

Historical information

MINIMUM: the minimum among prices of all contracts concluded on EuroTLX market in the last 52 weeks.

MAXIMUM: the maximum among prices of all contracts concluded on EuroTLX market in the last 52 weeks.

 

Trading conditions:

MARKET STATUS: the market phase of the security during the course of the day. The market phases are: Close, Technical Period, Quoting, Continuous Trading and Instrument Halt. It is a relevant information only if the security is not suspended according to what is displayed on the field "SUSPENDED".

SUSPENDED: unlike what is stated in the "MARKET STATUS", it indicates if the security is permanently suspended according to EuroTLX Rule Book. When the security is suspended, the information displayed on the field "MARKET STATUS" is not relevant.

LIMIT 1 %: the maximum price variation limit for contracts with respect to the static price.

LIMIT 2 %: the maximum price variation limit of contracts with respect to the dynamic price.

LIMIT 3 %: the maximum price variation limit for orders with respect to the static price.

CURRENT EXEMPTIONS: in case of a liquidity requirements exemption, it will display the name of Liquidity Provider and the kind of exemption. This field is updated every 15 minutes starting from 9 am.

Liquidity Providers applying a market making strategy: It defines the Market Makers and/or the Specialists who have undertaken the quotation obligations as stated in the Article 6.4 of EuroTLX Rule Book. In particular, market making strategy means the trading that is carried out on own account by an algorithmic trader on one or more financial instruments and that involves the entering of firm and simultaneous purchase and sale quotes, for comparable size and at competitive prices and is carried out for at least 50% of the duration of the continuous trading session, for at least half of the days in a month, as indicated in Regulation 2017/578/EU;

Liquidity Providers undertaking Bid-Only liquidity obligations: It defines the Market Makers and/or the Specialists who have undertaken the quotation obligations as stated in the Article 6.5 of EuroTLX Rule Book;

Liquidity Providers undertaking Ask-Only liquidity obligations:  It defines the Market Makers and/or the Specialists who have undertaken the quotation obligations as stated in the Article 6.5 of EuroTLX Rule Book;

Liquidity Providers’ Minimum quote size: It defines the minimum amount that all the Liquidity Providers, as described in “Liquidity Providers applying a market making strategy”, “Liquidity Providers undertaking Bid-Only liquidity obligations” and “Liquidity Providers undertaking Ask-Only liquidity obligations”, shall display at all times during continuous trading; this value is halved during stress market situations as indicated in the Guide to the Parameters;

Liquidity Providers’ Maximum spread obligations: It defines exclusively with regard to the “Liquidity Providers applying a market making strategy”, the maximum spread limit computed, for each trading day, as a percentage of the instrument reference price recorded on the open market day prior to the trading day, according to the values reported in the Guide to the Parameters. This value is doubled during stress market situations as indicated in the Guide to the Parameters.

Rating

S&P: rating provided by S&P along with the specification of the rating type. In particular, EM is the issue rating, ET is the issuer rating, TS is the subordinated issuer rating, TJ is the junior subordinated issuer rating, TP is the preferred stock issuer rating, GA is the guarantor rating, GS is the subordinated guarantor rating, GS is the junior subordinated guarantor rating, CA is the parent company rating, CS is the subordinated parent company rating, CJ is the junior subordinated parent company rating and CP is the preferred stock parent company rating.

 

Characteristics

CATEGORY: the security classification according to EuroTLX Rule Book.

TRADING CURRENCY: security trading and settlement currency.

CURRENT COUPON RATE: coupon paid on the payment date according to the features of the security.

COUPON FREQUENCY: frequency of coupon payments.

DURATION: number of days between day and maturity.

 

Further information on the security are available in the "Informativa Titolo" downloadable by clicking on "PROFILE".