01 July 2026
15 Years of KDPW_CCP: 15 years of Safety and Stability for the Polish Capital Market
It has been 15 years since the launch of the clearing house KDPW_CCP, the central counterparty on the Polish financial market. Since 1 July 2011, KDPW_CCP has been responsible for the clearing of transactions concluded on the Polish regulated market, in alternative trading systems, and on the OTC market. Over the past one and a half decades, the clearing house has become one of the key elements of the domestic financial market’s infrastructure, supporting its security, efficiency, and development.
The establishment of KDPW_CCP was an important step towards modernising the Polish capital market and bringing its operations into line with the top international standards. The central counterparty (CCP) model has allowed to significantly reduce clearing risk since the clearing house acts as an intermediary between the parties to each transaction. As a result, market participants can operate in a stable and predictable environment, even during periods of elevated market volatility.
Over the past 15 years, KDPW_CCP has consistently expanded the scope of its services, strengthened its risk management system, and aligned its operations with changing European regulations. A significant milestone was the authorisation under EMIR obtained in 2014, which made KDPW_CCP one of the first authorised CCPs in the European Union.
“KDPW_CCP’s fifteen years of operation is a story of consistent building of trust in the Polish financial market. Thanks to the commitment of our employees, market participants, and the institutions of the capital market infrastructure, we have created a modern and resilient organisation that ensures the safety of clearing and the stability of trading every single day,” said Maciej Trybuchowski, President of the Management Board of KDPW_CCP.
Today, KDPW_CCP clears millions of transactions annually on the cash, derivatives, and OTC markets, giving market participants the highest standards of security and effective mechanisms to protect against the risk of default. The clearing house remains an integral part of Poland’s financial infrastructure, supporting the development of the capital market and ensuring that it is attractive to domestic and foreign investors. Effective management of clearing risk translates directly into the stability, competitiveness, and credibility of the Polish financial market.
The 15th anniversary is an opportunity to thank all market participants, business partners, regulators, and employees who have contributed to KDPW_CCP’s success over the years.
Key statistics for KDPW_CCP (data for 2025)
Organised trading
Number of transactions cleared by KDPW_CCP – cash market: 52,697,888
Value of transactions cleared by KDPW_CCP – cash market: PLN 1,068 trillion
Number of transactions cleared by KDPW_CCP – derivatives market: 4,729,208
Value of transactions cleared by KDPW_CCP – derivatives market: PLN 403 billion
OTC trading
Value of transactions in EUR cleared by KDPW_CCP: EUR 422 million
Value of transactions in PLN cleared by KDPW_CCP: PLN 297 billion
About KDPW_CCP
KDPW_CCP S.A. is a central counterparty (CCP) and a member of the KDPW Group. It is responsible for the clearing of transactions concluded on the regulated market, in alternative trading systems, and on the OTC market, and offers advanced risk management mechanisms and clearing guarantee systems. KDPW_CCP launched its operations on 1 July 2011. KDPW_CCP is wholly owned by Krajowy Depozyt Papierów Wartościowych S.A.
The establishment of KDPW_CCP was an important step towards modernising the Polish capital market and bringing its operations into line with the top international standards. The central counterparty (CCP) model has allowed to significantly reduce clearing risk since the clearing house acts as an intermediary between the parties to each transaction. As a result, market participants can operate in a stable and predictable environment, even during periods of elevated market volatility.
Over the past 15 years, KDPW_CCP has consistently expanded the scope of its services, strengthened its risk management system, and aligned its operations with changing European regulations. A significant milestone was the authorisation under EMIR obtained in 2014, which made KDPW_CCP one of the first authorised CCPs in the European Union.
“KDPW_CCP’s fifteen years of operation is a story of consistent building of trust in the Polish financial market. Thanks to the commitment of our employees, market participants, and the institutions of the capital market infrastructure, we have created a modern and resilient organisation that ensures the safety of clearing and the stability of trading every single day,” said Maciej Trybuchowski, President of the Management Board of KDPW_CCP.
Today, KDPW_CCP clears millions of transactions annually on the cash, derivatives, and OTC markets, giving market participants the highest standards of security and effective mechanisms to protect against the risk of default. The clearing house remains an integral part of Poland’s financial infrastructure, supporting the development of the capital market and ensuring that it is attractive to domestic and foreign investors. Effective management of clearing risk translates directly into the stability, competitiveness, and credibility of the Polish financial market.
The 15th anniversary is an opportunity to thank all market participants, business partners, regulators, and employees who have contributed to KDPW_CCP’s success over the years.
Key statistics for KDPW_CCP (data for 2025)
Organised trading
Number of transactions cleared by KDPW_CCP – cash market: 52,697,888
Value of transactions cleared by KDPW_CCP – cash market: PLN 1,068 trillion
Number of transactions cleared by KDPW_CCP – derivatives market: 4,729,208
Value of transactions cleared by KDPW_CCP – derivatives market: PLN 403 billion
OTC trading
Value of transactions in EUR cleared by KDPW_CCP: EUR 422 million
Value of transactions in PLN cleared by KDPW_CCP: PLN 297 billion
About KDPW_CCP
KDPW_CCP S.A. is a central counterparty (CCP) and a member of the KDPW Group. It is responsible for the clearing of transactions concluded on the regulated market, in alternative trading systems, and on the OTC market, and offers advanced risk management mechanisms and clearing guarantee systems. KDPW_CCP launched its operations on 1 July 2011. KDPW_CCP is wholly owned by Krajowy Depozyt Papierów Wartościowych S.A.
