KDPW_CCP is a CCP (central counterparty) clearing house responsible for the clearing of transactions on the regulated market and in the alternative trading system and the operation of a clearing guarantee system. KDPW_CCP started its operations on 1 July 2011.

The company KDPW_CCP is 100 percent owned by the National Depository for Securities (KDPW).

KDPW_CCP is a modern clearing house and clears transactions using a range of mechanisms which ensure systemic reduction of the risk of counterparty default.

The creation of KDPW_CCP has strengthened the international position of the Polish capital market and has been acknowledged by the market, especially due to the reduction of counterparty risk. The process has been strongly supported by the Polish financial market community.

According to international standards, due to the different risk profile of services provided by a CCP clearing house and of the core business of the central securities depository (KDPW), it was necessary to establish a stand-alone entity providing clearing house services: KDPW_CCP.

An important feature of KDPW_CCP is that it has own capital which can be used as a part of the clearing guarantee system, strengthening the security of clearing. KDPW_CCP is equipped with a capital of PLN 100 million which can be used as a part of the clearing guarantee system resources.