Below there are links to documentation which presents a list of formats and structures of electronic documents used in relations between KDPW_CCP and participants, including a presentation of construction rules, a description of functions, and the structure of XML messages used in the OTC clearing system:
XML messages sent by KDPW_CCP to participants as a result of registration of OTC trades received from trade confirmation platforms and clearing of OTC trades in the system – messages sent from the system immediately after the registration of trade or during the evening clearing session, containing information on the status of a trade accepted for clearing, the amount of required and deposited collateral, calculated contributions to the guarantee fund,
XML messages exchanged between participants and KDPW_CCP, in particular to address the participant’s request to assess the impact of a new trade on collateral, deposit/withdraw collateral in securities, present a position opening proposal and offers to conclude a trade for the opposite position as part of the service of closing positions on demand, open/close an account in the system, organise an auction (automatic closing of positions) in the default procedure, set limits in the system.
The available sets of XML messages are a complete reflection of the functionalities provided by the kdpw_otc system.
The ability to read XML messages sent from the kdpw_otc system enables participants to monitor on an on-going basis the clearing of trades cleared by the participant while the ability to generate XML messages sent to the KDPW_CCP system allows them in particular to monitor the use of allocated limits, effectively manage assets contributed as collateral and manage the set of accounts used in the clearing process, and set limits imposed on the activity in each account.
Rules of constructing and transmitting XML messages
* Fixed field message – available to CM from KDPW_CCP via the electronic communication system ESDI\WEB
** Message will first be distributed on 1 October 2019