KDPW_CCP offers the service of reporting derivative contracts to the Trade Repository operated by KDPW on request of Clearing Members. Reporting can be delegated both by Clearing Members and through them by their Clients and entities concluding derivative transactions on request of their Clients (Brokers).
Ordering KDPW_CCP to report to KDPW_TR does not require a clearing member to be a participant of the trade repository operated by KDPW or have a system connection with KDPW_TR:
it is sufficient to properly configure accounts in the clearing account database by means of the relevant XML messages. The structure of the messages has been expanded to enable KDPW_CCP to report transactions (for a detailed description of the messages, visit the IT-Tools tab
HOW TO USE THE SERVICE
Reporting is delegated to KDPW_CCP as follows:
the Clearing Member submits a written declaration delegating the Member’s reporting obligation (section (i) of template 24 - for organised trading,template 12 - for OTC trading) for designated of own position and client position clearing accounts (section (ii) of template 24 - for organised trading, template 12 - for OTC trading), and in organised trading Brokers concluding transactions on request of their clients (section (iii) of template 24);
the Clearing Member sends dedicated XML messages delegating reporting for clearing accounts (including Client accounts, Clearing Member’s own position accounts, Brokers’ own position accounts):
the clearing account is flagged for reporting (message acmt.rqa.002.02 Clearing account instruction);
If additional information is provided for NKK of all Clients of a Member who have the reporting obligation, such information is automatically sent by KDPW_CCP in reports provided to KDPW_TR for the Member as the other counterparty identification.
On written request of a clearing member (template no. 27 for organised trading, template no. 25 for non-organised trading), KDPW_CCP shall, at the end of each quarter, provide a declaration of performance, according to the applicable legal provisions, of the obligation of reporting transactions to a trade repository for the transactions indicated by the member in the request.
Trade Repository Rules
|LEI (Legal Entity Identifier)
LEIs are used to identify counterparties in the process of reporting of trades in derivatives to a trade repository. LEI is a 20-character alphanumeric globally unique legal entity identifier issued by numbering agencies accredited by the Global Legal Entity Identifier Foundation. KDPW is the only Polish authorised issuer of LEIs.
For detailed information about the procedure of acquiring the LEI, visit the KDPW website, tab KDPW_LEI.