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Fees

The types and amounts of fees charged to participants and the rules of calculating fees are set out in the Table of Fees attached to the Rules of Transaction Clearing (Organised Trading).

PAYMENT DATES:
1/ the fee for participation in the given calendar year – no later than 21/02 of the same calendar year, however, where the participation agreement is concluded between 1/02 and 31/12 of the given calendar year inclusive, the fee charged for that calendar year shall be paid no later than the 21st day of the calendar month following the month when the agreement is concluded;
2/ fees charged on a quarterly basis – no later than the 21st day of the calendar month following the end of each calendar quarter;
3/ other fees – no later than the 21st day of the calendar month following the month when, respectively:
  • the action for which the fee is charged was performed or was being performed depending on its nature, or
  • the event for which the fee is charged took place.

FEE WAIVERS:
On request of the Management Board, the KDPW_CCP S.A. Supervisory Board may temporarily reduce or waive fees set out in the Table of Fees.

Currently applicable fee waivers / reductions:

Temporary reduction of clearing fees applicable to transactions under the High Volume Provider programme introduced by the Warsaw Stock Exchange.
(points 2.1, 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.3.1 of the Table of Fees)
The reduction of the fees applies from 1 November 2013 to 29 February 2020.

In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolutions, including delivery of a declaration to KDPW_CCP.
Resolution No. 48/112/13 of the KDPW_CCP Supervisory Board dated 25 October 2013 amended by Resolution No. 33/156/14 of the KDPW_CCP Supervisory Board dated 20 October 2014, Resolution No. 21/193/15 of the KDPW_CCP Supervisory Board dated 7 September 2015,
Resolution No. 31/230/16 of the KDPW_CCP Supervisory Board dated 25 October 2016, Resolution No. 37/278/17 of the KDPW_CCP Supervisory Board dated 27 September 2017, Resolution No. 3/305/18 of the KDPW_CCP Supervisory Board dated 4 January 2018, Resolution No. 13/315/18 of the KDPW_CCP Supervisory Board dated 11 May 2018, Resolution No. 36/338/18 of the KDPW_CCP Supervisory Board dated 5 November 2018, Resolution No. 9/356/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 53/400/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.

Additional, temporary reduction of clearing fees applicable to transactions participating in the supplementary programme of the High Volume Provider programme introduced by the Warsaw Stock Exchange, concerning index futures contracts.
(point 3.1.1.3 of the Table of Fees)
The reduction of the fees applies from 1 May 2018 to 29 February 2020.
In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolution No. 23/325/18 of the KDPW_CCP Supervisory Board (as amended), including delivery of a declaration to KDPW_CCP. Resolution No. 23/325/18 of the KDPW_CCP Supervisory Board dated 24 May 2018 amended by Resolutions No. 33/335/18 of the KDPW_CCP Supervisory Board dated 13 September 2018, No. 11/358/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 55/402/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.
 
Temporary reduction of clearing fees applicable to transactions under the High Volume Funds programme introduced by the Warsaw Stock Exchange.
(points: 2.1., 3.1.1.1, 3.1.1.2, 3.1.1.3, 3.1.3.1 of the Table of Fees)
The reduction of the fees applies from 1 July 2017 to 29 February 2020.
In order to use the reduction of the fees, clearing members are required to fulfil the conditions laid down in Resolution No. 35/276/17 of the KDPW_CCP Supervisory Board (as amended), including delivery of a declaration to KDPW_CCP.
Resolution No. 35/276/17 of the KDPW_CCP Supervisory Board dated 11 July 2017 amended by Resolution No. 19/321/18 of the KDPW_CCP Supervisory Board dated 11 May 2018, Resolution No. 10/357/19 of the KDPW_CCP Supervisory Board dated 31 January 2019, Resolution No. 54/401/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.
.

Temporary waiver of the fees for registering transactions in currency future contracts and for transferring positions in these contracts
(points 3.1.1.2. and 3.1.1.2.1. of the Table of Fees)
The waiver of the fees applies from 1 January 2019 to 29 February 2020.
Resolution No. 6/353/19 of the KDPW_CCP Supervisory Board dated 31 January 2019 amended by Resolution No. 50/397/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.

Temporary waiver of the fees for registration of transactions in short-term, mid-term and long-term Treasury bonds futures contracts and in WIBOR reference rates futures contracts and for transferring positions in such contracts
(points 3.1.1.3. and 3.1.1.3.1. of the Tabel of Fees)
The waiver of the fees applies from 1 January 2019 to 29 February 2020.
Resolution No. 7/354/19 of the KDPW_CCP Supervisory Board dated 31 January 2019 amended by Resolution No. 51/398/19 of the KDPW_CCP Supervisory Board dated 23 September 2019

Temporary waiver of the fees for transaction clearing in KDPW_CCP, charged from participants holding the status of market makers for shares and rights to such shares from outside the WIG20 index on regulated market (point 2.1.1 of the Tabel of Fees)
The waiver of the fees applies from 1 January 2019 to 29 February 2020.
Resolution No. 8/355/19 of the KDPW_CCP Supervisory Board dated 31 January 2019 amended by Resolution No. 52/399/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.

Temporary reduction of the fee for the registration of transactions or position transfers in futures on sectoral indices
(points 3.1.1.4 and 3.1.1.4.1 of the Table of Fees)
The reduction of the fees applies from 1 October 2019 to 29 February 2020.
Resolution No. 57/404/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.


Table of Fees – examples, explanations
Examples of fees
Currently applicable fee waivers / reductions

CONTACT:
For any questions regarding the Table of Fees, interpretation of particular provisions of the Table of Fees, the method of calculating fees or invoicing, please contact us::

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