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About the service

KDPW_CCP adds new types of collateral to the collateral management service, including deposits/margins and contributions to the funds on the organised and non-organised market.

The functionalities added to the collateral management service include:
  1. contributing cash in EUR as collateral;
  2. contributing securities denominated in EUR as collateral*;
    * The service will be introduced at a later date. Consequently, the provisions of the Detailed Rules of the OTC Clearing System and the Detailed Rules of Transaction Clearing (organised trading) to the extent of collateral posted in such securities (enabling collateral to be established in such securities) will come into force – with respect to the given relevant depository system with which KDPW_CCP has entered into a service agreement – within two weeks of the date when KDPW_CCP notifies all participants in the manner referred to in the Rules of Transaction Clearing (non-organised trading) and the Rules of Transaction Clearing (organised trading) that it starts to accept deposits/margins and contributions to the funds in such securities. Furthermore, KDPW_CCP will publish such information on the KDPW_CCP website in the Collateral Table under tabs: Risk management/OTC trading/HVaR – calculation initial margin and Risk management/Organised trading/SPAN-calculating initial margin.

  3. additional messages with extended information for clearing members and payment agents of clearing members.

The detailed description of the new functionalities and the modifications of existing mechanisms are described in the
Manual – Processing EUR Collateral in KDPW_CCP.

The new mechanisms are available for testing in the TSTA and TSTB environments. If you are planning to run comprehensive testing of the posting of securities denominated in EUR with the participation of a foreign securities depository, please provide the relevant information to KDPW_CCP to ensure that we can come to additional trilateral arrangements.