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Rules of Transaction Clearing (non-organised trading) - archive

2019:
Temporary reduction of the fee for the management and administration of assets deposited as contributions to the OTC guarantee fund and assets posted as deposits or margins
(point 5.1 of the Table of Fees)

The reduction of the fees applied from 1 January 2019 to 29 February 2020.
Resolution No. 4/351/19 of the KDPW_CCP S.A. Supervisory Board dated 31 January 2019 amended by Resolution No. 49/396/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.

Temporary waiver of the fees clearing of EUR transactions in KDPW_CCP (point 2.1 of the Table of Fees)

The waiver of the fee applied from 1 January 2019 to 29 February 2020.
Resolution
No. 5/352/19 of the KDPW_CCP S.A. Supervisory Board dated 31 January 2019 amended by Resolution No. 56/403/19 of the KDPW_CCP Supervisory Board dated 23 September 2019.

Amendments of the Rules of Transactions Clearing (non-organised trading) entered into force on 1 October 2019 following the decision of the Polish Financial Supervision Authority (KNF) of 5 September 2019 approving the amendments adopted under Resolution No. 43/345/18 of the KDPW_CCP S.A. Supervisory Board dated 21 December 2018, as amended by Resolution No. 38/385/19 of the KDPW_CCP S.A. Supervisory Board dated 17 June 2019 and Resolution No. 47/394/19 of the KDPW_CCP S.A. Supervisory Board dated 12 August 2019.

The following modifications are to be expected as a result of the entry into force of the aforementioned amendments to the Rules of Transaction Clearing (non-organised trading):
  • clearing members’ required contributions to the OTC guarantee fund managed by KDPW_CCP will be updated on a daily basis,
  • the methodology of calculating the fund value and the participants’ contributions will be modified,
  • additional margins will no longer be required,
  • the maximum value of the fund will no longer be determined,
  • the first (initial) contribution to the fund will be adjusted,
  • a single institution code will be used for the purposes of participation in the fund,
  • certain matters concerning clearing member default will be clarified in the regulations,
  • the amount of the flat-rate withholding tax charged to non-resident clearing members will be defined.

    Rules of Transaction Clearing (non-organised trading) - consolidated text, 21.02.2018 - 30.09.2019
    Appendix 1 - Table of Fees
    Appendix 2 - OTC Guarantee Fund Rules
    Appendix 3 - Priorities assigned to markets and prices taken as the reference price for the purpose of calculating the market value of financial instruments


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