End-of-period outstanding amount Treasury Credit Certificate (CCT) in Italy 2017-2022
In Italy, a Treasury Credit Certificate is a seven year government-issued debt security with a variable rate coupon linked to the rates of Italian Treasury bills. The variable coupon rate is intended to protect the holder from inflationary pressures. It is, indeed, a short-term security in its risk features, but with a long maturity. Treasury credit certificates were first issued in 1977.