Skip Ribbon Commands
Skip to main content
Navigate Up

Visit Us:

Insurance Against Financial Consequences of Operational Risks

The National Depository for Securities (KDPW S.A.) and Chartis Europe S.A. have signed a PLN 100 million (ca. EUR 24 million) insurance agreement. The agreement is effective until 30 June 2013. 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.

KDPW_CCP Clearing House Closes First Year of Operation

The clearing house KDPW_CCP clears and guarantees clearing of trade on the Polish capital market. The value of trade in 2011 was over PLN 616 billion and the number of cleared transactions is 20 million transactions per year or over 50 thousand transactions per day including bank holidays.

KDPW_CCP Equity Raised to PLN 200 Million Supervisory Board Appoints Management Board for a New Term

The General Meeting of Shareholders of the clearing house KDPW_CCP has decided to increase the Company’s share capital to PLN 200 million. This means that the equity of the clearing house is increased by PLN 100 million – additional resources supporting the multi-tier clearing guarantee system operated by the clearing house. The Supervisory Board has appointed the Company’s Management Board for the next term of office. Iwona Sroka has been appointed President of KDPW_CCP, Sławomir Panasiuk – Deputy President, and Michał Stępniewski – Management Board Member; they served in these functions during the previous term.