GME-Accesso ai Mercati

Market Access

Environment - MCIC Biofuels

HOW TO OPERATE

BEFORE MARKET SESSION

In order to operate on the CIC market (MCIC), Market Participants must hold at least one access profile (ownership account) at the BIOCAR portal of the GSE.

Buyer participants, in order to participate in the MCIC, are required to make a single payment, in favor of GME, as a security deposit fully covering their purchases (including VAT, where chargeable).
The trading system will accept purchase proposals only if fully covered by the available deposit.

DURING MARKET SESSION

The prices to be included in the purchase and sale proposals must be NET OF VAT.
The system will automatically calculate the value of the transaction including VAT, where chargeable, both for updating the deposit available during the session and for confirming the operations carried out and for administrative and accounting obligations.

FOLLOWING THE CONCLUSION OF MARKET SESSION

- sellers shall issue one or more invoices to the GME’s buyer party;
- buyers shall receive one or more invoices by the GME.

The technical procedures for the participation of participants in the MCIC, the times of the trading sessions, as well as the methods to communicate the amount paid as a guarantee deposit are contained in the Technical Rules.

ORDINARY SESSIONS

The next MCIC session will be held, from 9.00 am to 12.00 pm, in:
September 2024: 12
October 2024: No sessions are planned, in compliance with the circular letter issued by the Ministry of Environment and Energy Security (MASE) on 30 Sep. 2024.
November 2024: 7 – contrary to originally planned, a single session will be held on 7 November, because the deadline for verifying the fulfilment of the obligation for the year 2024 was deferred to January 2025 (circular letter of MASE of 30 Sep. 2024)
December 2024*: 5 -19 – contrary to originally planned and based on the latest circular letter of MASE of 30 Sep. 2024, the sessions of the MCIC will be held on 5 and 19 December.
January 2025: there are no sessions pursuant to the provisions of the Ministerial circular letter Mase dated September 30, 2024.

(*) As in previous years, two market sessions will be held in the month before the obligation is fulfilled

The prices declared by participants, the prices indicated in the trading proposals and the price of the transaction are to be intended EXCLUSIVE of value added tax.

 In order to be enabled to purchase CICs during a market session, each Market Participant must provide a non-interest-bearing cash deposit, to cover the full counter value of the transactions that will be carried out on the Market, including VAT, where chargeable, within 12.00 pm on the working day before the opening of the trading session.

The bank details of the account, to which the bank transfer must be performed, are:

Banca Popolare di Sondrio
IBAN IT67 O056 9603 2110 0001 1367 X22
CODICE SWIFT POSOIT22

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