Note: New or changed instruments are indicated in boldface C

Cassa di Compensazione e Garanzia SpA
Initial Margins applied to Equity Derivatives Section as of 18/4/2016
FTMIB Fut
FTMIB Mini Fut
FTMIB Opt
FTSE100 Mini Fut
A2A
ACEA
AHOLD NV
AKZO
AMPLIFON
Anheuseer-Bush Inbev SSDF
ANIMA Holding
ANSALDO STS
Arcelormittal SSDF
ATLANTIA
AUTOGRILL
AXA SSDF
AZIMUT HOLDING
Banca Generali
BANCA MEDIOLANUM
BANCA MONTE PASCHI SIENA
BANCA POPOLARE EMILIA ROMAGNA
BANCA POPOLARE MILANO
BANCA POPOLARE SONDRIO
Banco Bilbao Vizcaya Argentaria SSDF
BANCO POPOLARE
BANCO SANTANDER
Banco Santander SSDF
BBVA
BNP PARIBAS
BNP Paribas SSDF
Brembo
BRUNELLO CUCINELLI
BUZZI UNICEM
CAMPARI
CATTOLICA ASSICURAZIONI
CIR
CNH INDUSTRIAL
CREDITO VALTELLINESE
Daimler SSDF
Danieli
De Longhi
DEUTSCHE BANK
Deutsche Bank SSDF
Deutsche Telekom SSDF
DIASORIN
E.ON SSDF
ENEL
Enel SSDF
Engie SSDF
ENI
ENI SSDF
ERG
EXOR
FERRARI N.V.
Note: New or changed instruments are indicated in boldface
C = Cash Settlement
P = Phisical Settlement
Contract type
Code
Multiplier
Margin
Interval
Futures
Straddle
Margin
Minimum
Margin
Short Options
Adjustment
Product Group
Offset Factor
Futures (C)
Futures (C)
Options
Futures (C)
FTMIB
MINI
FTMIB
MFI100
€5
€1
€2.5
€2
10,25%
10,25%
10,25%
10,00%
€ 1460
€ 292
===
€ 260
€ 350
€ 70
€ 175
===
===
===
20%
===
===
===
===
===
===
===
===
===
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Futures (C)
Options
Futures (C)
Options
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Options
Fut (F/C)/Opt
Fut (F/C)/Opt
Options
Fut (F/C)/Opt
Options
Futures (C)
Fut (F/C)/Opt
Futures (C)
Futures (C)
Futures (C)
Futures (C)
Futures (C)
Options
Options
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (F)
Fut (F/C)/Opt
Fut (F/C)/Opt
Options
Futures (C)
Options
Options
Futures (C)
Futures (C)
Futures (C)
Options
Futures (C)
Fut (F/C)/Opt
Futures (C)
Futures (C)
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Fut (F/C)/Opt
A2A
ACE
AHO
AKZA
AMP
1ABI
ANIM
STS
1MT
ATL
AGL
1AXA
AZM
BGN
BMED
BMPS
BPE
PMI
BPSO
1BBVA
BP
SANT
1SANT
BBVA
BNP
1BNP
BRE
BC
BZU
CPR
CASS
CIR
CNHI
CVAL
1DAI
DAN
DLG
DBK
1DBK
1DTE
DIA
1EOAN
ENEL
1ENEL
1ENGI
ENI
1ENI
ERG
EXO
RACE
5000
500
100
100
500
1000
500
500
1000
500
500
1000
500
100
500
1000
1000
5000
500
1000
100
100
1000
100
100
1000
100
100
100
1000
100
1000
500
1000
1000
100
500
100
1000
1000
100
1000
500
1000
1000
500
1000
500
100
100
12,75%
11,50%
10,00%
10,50%
15,00%
45,00%
17,25%
10,00%
32,25%
10,50%
12,75%
12,00%
13,00%
16,00%
13,25%
47,25%
23,00%
19,25%
11,00%
29,50%
21,75%
13,50%
29,25%
14,50%
17,25%
33,50%
12,75%
13,25%
11,50%
10,00%
13,00%
13,00%
15,75%
17,75%
16,00%
24,50%
14,75%
18,00%
30,00%
10,00%
14,50%
16,75%
10,00%
22,50%
10,00%
10,00%
10,00%
11,00%
14,75%
24,25%
€ 390
€ 150
€ 60
€ 110
===
€ 610
€ 100
€ 120
€ 40
€ 250
€ 100
€ 110
€ 280
===
€ 90
€ 50
===
€ 260
===
€ 70
€ 10
€ 40
€ 40
€ 40
€ 100
€ 570
===
===
€ 30
€ 230
€ 20
€ 40
€ 70
===
€ 260
===
===
€ 50
€ 140
€ 40
===
€ 60
€ 40
€ 20
€ 60
€ 120
€ 50
€ 130
€ 70
€ 90
€ 29
€ 31
===
===
€ 23
===
€ 22
€ 23
===
€ 52
€ 19
===
€ 55
€ 16
€ 19
€ 10
€ 39
€ 23
€7
===
€5
===
===
===
===
===
€ 23
€9
€7
€ 35
===
€5
€ 20
€4
===
€ 18
€ 65
===
===
===
€ 28
===
€8
===
===
€ 27
===
€ 24
€ 18
€ 35
20%
20%
===
===
20%
===
20%
===
===
20%
20%
===
===
20%
20%
20%
20%
20%
20%
===
20%
===
===
===
===
===
20%
===
20%
===
===
20%
20%
20%
===
20%
20%
===
===
===
20%
===
20%
===
===
20%
===
20%
20%
20%
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
Page 1 of 3
Cassa di Compensazione e Garanzia SpA
Initial Margins applied to Equity Derivatives Section as of 18/4/2016
FIAT CHRYSLER AUTOMOBILES
FINECOBANK
FINMECCANICA
FTMIB Dividend
GENERALI
Generali SSDF
GEOX
HEINEKEN
HERA
IBERDROLA
Iberdrola SSDF
ING GROEP
INTESA SAN PAOLO
INTESA SAN PAOLO RNC
Intesa Sanpaolo SSDF
Iren
ITALCEMENTI
KPN
LUXOTTICA GROUP
MEDIASET
MEDIOBANCA
MONCLER
MONDADORI
Orange SSDF
PARMALAT
PHILIPS
PIAGGIO
POSTE ITALIANE
PRYSMIAN
REPSOL
ROYAL DUTCH SHELL
SAFILO GROUP
SAIPEM
SALVATORE FERRAGAMO
Sanofi-Aventis SSDF
SARAS
Sias
Siemens AG SSDF
SNAM
SOCIETE GENERALE
Societe Generale SSDF
STMICROELECTRONICS
TELECOM ITALIA
TELECOM ITALIA RNC
Telecom Italia SSDF
TELEFONICA
Telefonica SSDF
TENARIS
TERNA
TODS
Total SSDF
UBI BANCA
UNICREDIT
UniCredit SSDF
Note: New or changed instruments are indicated in boldface
C = Cash Settlement
P = Phisical Settlement
Contract type
Code
Multiplier
Margin
Interval
Futures
Straddle
Margin
Minimum
Margin
Short Options
Adjustment
Product Group
Offset Factor
Fut (F/C)/Opt
Options
Fut (F/C)/Opt
Futures (F)
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Futures (C)
Options
Futures (C)
Futures (C)
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Options
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Fut (F/C)/Opt
Options
Options
Futures (C)
Fut (F/C)/Opt
Futures (C)
Options
Options
Fut (F/C)/Opt
Futures (C)
Futures (C)
Options
Fut (F/C)/Opt
Options
Futures (C)
Fut (F/C)/Opt
Options
Futures (C)
Fut (F/C)/Opt
Futures (C)
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Futures (C)
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
FCA
FBK
FNC
FDIV
G
1G
GEO
HEIA
HER
IBES
1IBES
INGA
ISP
ISPR
1ISP
IRE
IT
KPN
LUX
MS
MB
MONC
MN
1ORA
PLT
PHIA
PIA
PST
PRY
ESRE
GBRD
SFL
SPM
SFER
1SANF
SRS
SIS
1SIE
SRG
GLE
1GLE
STM
TIT
TITR
1TIT
TEF
1TEF
TEN
TRN
TOD
1TOT
UBI
UCG
1UCG
500
500
500
5
100
1000
500
100
1000
100
1000
100
1000
1000
1000
1000
100
100
100
1000
500
500
1000
1000
1000
100
1000
500
100
100
100
100
5000
500
1000
1000
500
1000
1000
100
1000
500
1000
1000
1000
100
1000
500
1000
100
1000
500
1000
1000
16,00%
13,50%
16,25%
10,00%
10,50%
30,00%
18,00%
10,00%
10,75%
11,00%
27,25%
23,00%
15,50%
16,50%
34,50%
13,75%
50,75%
17,50%
10,00%
15,00%
14,50%
14,50%
15,00%
16,00%
10,25%
12,25%
17,25%
23,25%
16,25%
15,50%
12,50%
19,75%
30,75%
17,50%
10,00%
24,50%
10,00%
11,25%
10,00%
19,25%
38,75%
14,75%
12,75%
13,25%
67,00%
10,25%
25,75%
13,50%
10,00%
10,75%
10,00%
18,50%
20,75%
63,00%
€ 70
€ 100
€ 120
€ 250
€ 20
€ 160
€ 50
€ 150
===
€ 40
€ 60
€ 50
€ 60
€ 100
€ 30
===
€ 30
€ 40
€ 100
€ 120
€ 70
===
===
€ 60
€ 100
€ 70
===
€ 100
€ 40
€ 40
€ 60
===
€ 250
===
€ 200
€ 80
===
€ 340
€ 120
€ 80
€ 660
€ 60
€ 30
€ 50
€ 10
€ 40
€ 100
€ 100
€ 140
€ 120
€ 170
€ 50
€ 70
€ 50
€ 21
€ 19
€ 37
===
€5
===
€ 10
===
€ 10
===
===
===
€ 15
€ 15
===
€9
€ 21
===
€ 21
€ 21
€ 18
€ 42
€6
===
€ 10
===
€ 14
€ 29
€ 12
===
===
€6
€ 22
€ 72
===
€ 14
€ 18
===
€ 20
===
===
€ 14
€4
€4
===
===
===
€ 28
€ 19
€ 27
===
€ 13
€ 25
===
20%
20%
20%
===
20%
===
20%
===
===
===
===
===
20%
20%
===
20%
20%
===
20%
20%
20%
===
20%
===
20%
===
20%
===
20%
===
===
===
20%
20%
===
20%
20%
===
20%
===
===
20%
20%
20%
===
===
===
20%
20%
===
===
20%
20%
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
===
Page 2 of 3
Cassa di Compensazione e Garanzia SpA
Initial Margins applied to Equity Derivatives Section as of 18/4/2016
UNILEVER
UNIPOL
UnipolSai
Vivendi SSDF
YOOX NET-A-PORTER GROUP
Note: New or changed instruments are indicated in boldface
C = Cash Settlement
P = Phisical Settlement
Contract type
Code
Multiplier
Margin
Interval
Futures
Straddle
Margin
Minimum
Margin
Short Options
Adjustment
Product Group
Offset Factor
Futures (C)
Fut (F/C)/Opt
Fut (F/C)/Opt
Futures (C)
Options
UNA
UNI
US
1VIV
YNAP
100
500
1000
1000
100
10,00%
17,50%
29,50%
51,00%
17,25%
€ 90
€ 50
€ 70
€ 620
===
===
€ 11
€ 23
===
€ 19
===
20%
20%
===
===
===
===
===
===
===
===
===
===
===
===
Page 3 of 3