The National Depository for Securities (KDPW) is responsible for the settlement of transactions concluded on the regulated market and in ATS (alternative trading systems) and for the operation of the central securities depository. In addition, KDPW provides many services to issuers including dividend payments to shareholders, assimilation, exchange, conversion and split of shares, and execution of subscription rights.The shareholders of KDPW, each holding equal shares of the company are: the State Treasury (as represented by the Minister of the State Treasury), the Warsaw Stock Exchange and the National Bank of Poland. NDS shares may only be acquired by companies operating securities exchanges, by brokerage houses, by companies operating the OTC market, by the State Treasury, the National Bank of Poland and by banks.

KDPW_CCP is a modern clearing house and clears transactions on the regulated market and in the alternative trading system and the operation of a clearing guarantee system. KDPW_CCP clears transactions using a range of mechanisms which reduce the risk of counterparty default on a systemic basis.  The company KDPW_CCP is 100 percent owned by the National Depository for Securities (KDPW). Eligible as the Company’s shareholders are exclusively: KDPW S.A., companies which operate a regulated market in the territory of the Republic of Poland, the National Bank of Poland, as well as the following entities which are participants of the National Depository for Securities or participants of the clearing system operated by the Company: banks, investment companies and foreign investment companies.