Cassa di Compensazione e Garanzia

Cassa di Compensazione e Garanzia is an Italian financial institution that facilitates the smooth and secure functioning of financial markets. It acts as an intermediary between buyers and sellers in securities and derivatives trading, ensuring all transactions are completed properly. By “bridging” trades, it manages the risk of default, provides guarantees, and maintains stability in the financial system. Essentially, it reduces counterparty risk, ensuring that parties fulfill their contractual obligations, which promotes confidence and efficiency in the market.