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15.05.2012
KDPW and KDPW_CCP at the Fourth European Economic Congress in Katowice
The capital city of the Upper Silesia for the fourth time hosts the most prominent event in Central Europe: the European Economic Forum. More than 6 thousand participants including the President of Poland Bronisław Komorowski, EU Commissioners, politicians, businessmen and the media will spend three days in discussions on the current affairs and the economic outlook of the European Union. The Katowice congress has become part of the landscape of key economic events in the region.
08.05.2012
EACH celebrates its 20th Anniversary
Founded in 1992 by the European central counterparty clearing houses, EACH has for 20 years now been the central counterparties' voice in Europe and has as such successfully worked for greater market transparency and the refinement of international standards on clearing and settlement.
26.04.2012
The change of multipliers
Following a change of multipliers for FCHF, FUSD, FEUR currency futures contracts from 100 to 10, please be advised that the ZAR and ZRS files (both endofday and intraday) will contain data with the new multipliers on 30 April.
20.04.2012
Visit KDPW_CCP Exhibition Stand at TradeTech Emerging Markets on 24 April
KDPW_CCP takes part in this year’s TradeTech in London on 24-26 April 2012. TradeTech is one of the largest financial sector events in Europe.
13.02.2012
KDPW_CCP Clearing House and NASDAQ OMX Establish Co-operation
NASDAQ OMX will supply KDPW_CCP with an OTC clearing and risk management module. The companies signed a formal agreement on 3 February 2012. Under the contract NASDAQ OMX will supply KDPW_CCP with its Sentinel Risk Manager product in order to support trade lifecycle and risk management requirements for clearing of OTC traded instruments. The clearing house KDPW_CCP is currently working to develop an OTC derivatives and repo clearing service. According to the work timetable, the service will be available as of the beginning of 2013.
10.02.2012
The 100th Resolution of the Advisory Committee at the National Depository for Securities (KDPW) in Warsaw
On 10 February 2012, the Advisory Committee at the National Depository for Securities (KDPW) issued its 100th Resolution.
The Advisory Committee was established on the basis of the provisions of the Law on Trading in Financial Instruments and began operating on 20 December 2005. In accordance with the Law, its membership is open to representatives of key financial market institutions – the Warsaw Stock Exchange, BondSpot, the Polish Chamber of Brokerage Houses, the Polish Custodian Bank Council at the Polish Bank Association, the Polish Association of Listed Companies and representatives of foreign institutions.
29.12.2011
Year 2011 at KDPW and KDPW_CCP
The creation of the clearing house KDPW_CCP is the highlight of the past year at the National Depository. As a result, the Polish market complies with global standards of clearing houses and central securities depositories. The challenge of 2012 is to implement interbank OTC derivatives clearing.
31.10.2011
Iwona Sroka Named Pearl of Polish Business 2011
Iwona Sroka, the President and CEO of the National Depository for Securities, has been awarded in the Pearls of Polish Business 2011 ranking published by the weekly Gazeta Finansowa, a list of the most entrepreneurial Polish businesswomen.
25.10.2011
KDPW_CCP CEO in the Polish Market Ranking
The monthly Polish Market has published the Tiaras of Management ranking of 50 distinguished women managers successful in business. KDPW_CCP CEO Iwona Sroka is one of the winners of the prestigious ranking.
01.09.2011
New functionality related to the monitoring of transaction limits during a derivatives trading session on the Exchange
The Clearing House KDPW_CCP informs of the availability as of 1 September 2011 of its new functionality related to the monitoring of transaction limits during a derivatives trading session on the Exchange. The designed solution operates in real time in the kdpw_stream system.
12.07.2011
Insurance Against Financial Consequences of Operational Risks
The National Depository for Securities (KDPW S.A.) and Chartis Europe SA have signed a PLN 100 million insurance agreement. The agreement is effective until 30 June 2012. The agreement provides insurance coverage against operational risks of the core and auxiliary business of the securities depository KDPW S.A. and the clearing house KDPW_CCP S.A.
01.07.2011
Agreement with Markets Signed
The National Depository for Securities (KDPW) and the clearing house KDPW_CCP as one party and the markets where transactions will be cleared and settled by KDPW and KDPW_CCP as the other party signed an official agreement on 30 June 2011.
01.07.2011
KDPW_CCP Clearing House Starts Operations
KDPW_CCP, a clearing house spun off as a stand-alone company from the structure of the National Depository for Securities (KDPW) to clear transactions on the regulated market and in the alternative trading system and to operate the clearing guarantee system, started its operations on 1 July 2011.
01.07.2011
CCP: European Regulations
The National Depository for Securities (KDPW) has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
Spin-off of KDPW_CCP: KDPW Strategy Consistently Pursued
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
New Clearing Guarantee System
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
The Clearing Fund: A New Approach
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
Sequence of Activating Resources of the Clearing Guarantee System
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
CCP: European Regulations
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 June 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
Simplification of KDPW_CCP Member Type Regulations
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
SPAN®: A New Risk Measurement Model
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
01.07.2011
KDPW_CCP … Is Only the Beginning
The National Depository has transferred to KDPW_CCP all functions related to the clearing of transactions executed on the regulated market and in the alternative trading system and the operation of the clearing guarantee system as of 1 July 2011. KDPW remains responsible for transaction settlement and central securities depository functions. The process implements world-class standards at KDPW and enhances the competitiveness of the Polish capital market. The spin-off of the clearing house from KDPW’s structure derives from the National Depository Strategy 2010-2013 adopted in late 2009 and consistently pursued among others to develop a new business model of KDPW.
31.05.2010
Changes of the KDPW Rules - establishing settlement guarantor take effect
The amendment to the KDPW Rules took effect on 31 May 2010. The amendment concerns the guarantee system for the settlement of transactions concluded on the regulated market pursuant to resolution of the Supervisory Board of the National Depository for Securities dated 19 November 2009.
31.05.2010
Changes to the Settlement Guarantee System Take Effect
Changes to the guarantee system for the settlement of transactions concluded on the regulated market following the establishment of the company KDPW_CLEARPOOL by the National Depository took effect on 31 May 2010. An agreement between KDPW SA and KDPW_CLEARPOOL, whereby the National Depository may use the capital of the company KDPW_CLEARPOOL if assets available in the guarantee system for the settlement of transactions on the regulated market are insufficient to clear a transaction, took effect on the same day.
24.05.2010
KDPW_CLEARPOOL Positively Assessed by International Rating Agency
An international rating agency has assessed positively the creation of the settlement guarantor KDPW_CLEARPOOL, a company whose assets will support the KDPW settlement guarantee system. The creation of the guarantor is the first step towards separation of a CCP clearing house from the structure of the National Depository for Securities.
18.05.2010
Clearpool - Settlement Guarantor
The National Depository for Securities (KDPW S.A.) has established the company KDPW_CLEARPOOL which will act as transaction settlement guarantor. It is the first step in the spin-off from KDPW’s organisation of a clearing house according to the globally applied central counterparty model (CCP). The guarantor will be in a position to use its capital to guarantee the settlement of transactions.
18.05.2010
Order of actions using guarantee system
The creation of a settlement guarantor will reduce the risk of participation in the KDPW transaction settlement guarantee system as KDPW regulations will cap additional contributions to the guarantee fund which KDPW may call once the core resources of the guarantee system have been exhausted. In the event of insolvency of a system participant, the guarantor (the company KDPW_CLEARPOOL) will be in a position to use its assets to pay liabilities arising from cleared transactions concluded on the regulated market and covered by the guarantee fund.
18.05.2010
Order of actions using the assets of the transaction settlement guarantee system including the assets of the settlement guarantor
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