Debtor Market Participants failing to pay the amount due within 12.30 of the 15th working day of the month in which the communication of the net position to be settles has occurred, may transfer, no later than 4 p.m. of the third working day following the payment deadline, the due amount increased by default interest and penalty.
All payments settled by Market Participants through urgent Sepa Credit Transfer or equivalent must be made, using the bank details previously communicated to GME by sending the appropriate form - signed by the person with the necessary powers of representation and submitted to GME - to the following GME’s bank details:
Banca Popolare di Sondrio
IBAN IT58 E056 9603 2110 0000 7210 X36
SWIFT CODE POSOIT22
If GME, by its own fault, makes payments beyond the established deadlines, it will pay interests to the creditor Market Participants by applying the pro tempore legal interest rate in force.
PAYMENT OF FEES
The payment of the variable fees due for all concluded transactions is required by the Market Participants to GME within the 16th working day of the month in which GME has made available the related invoice(s) to Market Participants.
Moreover, each Market Participant shall pay the amounts due to GME for:
- the access fee, within thirty calendar days from the date of issue of the invoice;
- the yearly fixed fee, within the last working day of the month in which the invoice has been issued.
Payment of all fees must be made, by an urgent Sepa Credit Transfer or equivalent, to the current account held by GME at:
Banca Popolare di Sondrio
IBAN IT58 E056 9603 2110 0000 7210 X36
SWIFT CODE POSOIT22