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Default of a Clearing Member and the guarantee system waterfall

Key aspects of the procedure in the event of default of a KDPW_CCP clearing member

The sequence of activating clearing guarantee system resources:



Email address for notifications of a declaration of bankruptcy or the opening of a restructuring procedure, issuance of a ruling, judgment or decision by the court or competent authority concerning liquidation, suspension or limitation of the activity of a participant, in accordance with § 1(3) of the Regulation of the Council of Ministers of 3 October 2014 concerning the procedure of giving notifications to the National Bank of Poland, the Polish Financial Supervision Authority, and operators of payment systems and securities settlement systems: