To access the applications available through the Service Portal https://online.kdpw.pl, you need to open an access account and download the KDPW Group Authenticator application to a mobile device. The application is used to authenticate application users in the multi-factor authentication (MFA) mechanism implemented in the Service Portal. The application can be downloaded for free from authorised shops: Google Play (Android), App Store (iOS - Apple), and its use is only permitted on phones with unbroken security of the operating systems of these manufacturers. By using the same attributes, it is also possible to access the test environments of the services available in the Service Portal: TST https://tst-online.kdpw.pl and EDU https://edu-online.kdpw.pl.
More information about MFA can be found here
Key regulation
Organised trading
Rules of Transaction Clearing (organised trading)
Detailed Rules of Transaction Clearing (organised trading)
Agreement on access to KDPW_CCP's services via the GUI Application
Non-organised trading
Rules of Transaction Clearing (non-organised trading)
Detailed Rules of the OTC Clearing System
Agreement on access to KDPW_CCP's services via the GUI Application
Rules of Transaction Clearing (organised trading)
Detailed Rules of Transaction Clearing (organised trading)
Agreement on access to KDPW_CCP's services via the GUI Application
Non-organised trading
Rules of Transaction Clearing (non-organised trading)
Detailed Rules of the OTC Clearing System
Agreement on access to KDPW_CCP's services via the GUI Application
Core services
The core services of KDPW_CCP include:
- Clearing accounts and their attributes, including client classification numbers (NKK);
- Clearing positions for securities and derivative instruments;
- Transaction limits for transactions on the regulated market and ATS;
- Information on the clearing of OTC netting sessions; Information on collateral posted with KDPW_CCP and expected benefits from the collateral;
- Submission of offers under buy-in procedures;
- Submission of offers for repo transactions as part of clearing member default procedures.
SPAN® Calculator
SPAN® Calculator is a tool available from KDPW_CCP S.A. through the GUI application which allows financial institutions with the status of clearing member to obtain illustrative information on the hypothetical value of margins calculated in accordance with the SPAN® methodology applied by KDPW_CCP S.A. and the risk parameters in force on a given day, which are part of the KDPW_CCP S.A. margin requirement.
More information on the SPAN® calculator
More information on the SPAN® calculator
Correspondence application
The Correspondence application is used to send information and declarations of intent in electronic form (unstructured files), including information on the publication of regulations or their amendments on the KDPW_CCP website. Participants are able to send/receive correspondence through this channel to/from KDPW_CCP.
There are three mailboxes in the application:
As of 3 February 2025, a dedicated test mailbox ("KDPW_CCP - Testy") has been available in the Correspondence application test environment for the exchange of test messages. Access to the KDPW_CCP Correspondence application will be granted (without further request) to all users with access permissions to the KDPW_CCP Core Services in the test environment.
The Correspondence application replaced the U2A - ESDI/Web communication channel.
There are three mailboxes in the application:
- Secretariat – a mailbox dedicated to general correspondence;
- Financial reports – a mailbox dedicated to financial reports submitted periodically by participants;
- Changes in regulations – a mailbox used to send information about the release of regulations or their amendments on the KDPW_CCP website;
As of 3 February 2025, a dedicated test mailbox ("KDPW_CCP - Testy") has been available in the Correspondence application test environment for the exchange of test messages. Access to the KDPW_CCP Correspondence application will be granted (without further request) to all users with access permissions to the KDPW_CCP Core Services in the test environment.
The Correspondence application replaced the U2A - ESDI/Web communication channel.
The application is available to users who open their access account using a single sign-on access engine in KDPW. In order to get access to the KDPW_CCP service within the GUI application, it is necessary to accept the terms and conditions of access and consent to the processing of personal data, and to fill in a form in the application to support access account management and to confirm their authorisation to act on behalf of their clearing members. If a KDPW_CCP participant wishing to get access to KDPW_CCP services is also a KDPW participant and he/she already has an access account in KDPW web application within the single sign-on access environment he/she will only need to do the above.
For KDPW_CCP participants, opening the “KDPW_CCP Core Services” profile opens access to basic information on securities and derivatives clearing.