The updated Commercial Paper Programme’s Information Memorandum is on line

The Italian Treasury has updated the Commercial paper program in €uro or in other currencies, with a maturity not more than 364 days, having characteristics that make it compliant with the STEP (Short Term European Paper) Market Convention criteria, the European standard for such securities. The STEP label, that among other aspects it allows for an easier eligibility for the Eurosystem liquidity operations, has been obtained from the STEP Secretariat starting from July 1st 2020.