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M-GO - how to operate

Before the market session
To operate in the GO Market (M-GO), participants must have at least one access profile (ownership account) in GSE’s GO Registry.
In the M-GO, selling participants are required to make a single payment to GME as a security deposit fully covering their purchases (including VAT, where applicable). The trading system will accept buy orders only if they are fully covered by the available deposit.
 
During the market session
The prices to be specified in buy and sell orders must be NET OF VAT.
The system will automatically calculate the value of the transaction inclusive of VAT (where applicable), both for updating the available deposit during the session and for confirming the transactions made and for other administrative-accounting tasks.
 
After the market session
 
a) sellers will issue a single invoice to the buyer GME;
b) buyers will receive a single invoice from GME.
 
The Technical Rules set out the technical procedures for participating in the GO Market, the calendar and timetable of the trading sessions, as well as the procedures for notifying the amount of the security deposit made.
 
Sessions   

The dates of the next sessions will be set after completing the transition from the system of Renewable-Energy Certificates of Origin (GOs) to the system of Guarantees of Origin (GOs).

The next sessions of the M-GO will take place from 9:00 to 12:00 on:

June 2020 on: 25
July 2020 on: 30
August 2020 on: 27
September 2020 on: 24

The prices declared by participants, the prices specified in trading orders and the price of execution of transactions DO NOT include VAT.
The security deposit must be made into to the appropriate bank account of Gestore dei Mercati Energetici S.p.A, no. 000008540X08, with the bank in charge of GME’s treasury services - Banca Popolare di Sondrio, Società Cooperativa per Azioni, Viale Cesare Pavese, 336 - 00144 Roma,  ABI 05696, CAB 03211, IBAN IT81M0569603211000008540X08, SWIFT CODE POSOIT22 - within 12:00 of the working day before the opening of the trading session.
 
On this account, GME will pay market participants an interest rate equal to the one that GME receives on the funds held in its treasury accounts, i.e. the three-month Euribor rate (act/365) calculated as the average of the quotes of the rate for each day of the reference month, to which 50 basis points will be added.


 
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