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04.07.2012
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.


02.07.2012
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.


25.06.2012
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.


28.05.2012
KDPW_CCP Signs Agreements with SWIFT and MarkitSERV

The clearing house KDPW_CCP has signed agreements with two platforms which will be sending OTC derivatives trade clearing instructions to KDPW_CCP. The clearing house will be using two services: SWIFT and MarkitSERV.​


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.


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.

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
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.​