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Development of the OTC transaction clearing system

KDPW_CCP is running a project aiming to offer new communication solutions to KDPW_CCP participants, including preparation for the implementation of state-of-the-art solutions giving participants access to dedicated system components via the website interface – the KDPW Group Service Portal and the exchange of FpML messages. According to preliminary assumptions, FpML messages will be used in kdpw_otc to report the status of transactions accepted for clearing, includingthe confirmation or rejection of clearing; the FpML standard is not expected to be used in the following processes: account management, participation management, fees, cash settlement, guarantee fund processing (the FpML standard provides communication solutions which support the exchange of data concerning collateral management; however, our analysis suggests that ISO 20022 offers messages which are a better match for KDPW_CCP requirements in this area). 

Process descriptions, structures and examples of all FpML and XML messages were provided to KDPW_CCP participants on March 31, 2022 (ref. letter CCP/ZW/242/2022). Structures of OTC clearing messages are scheduled to be modified in Q4 2022.
The request for the above mentioned material should be sent to irrm@kdpw.pl

As of May 2022, new solutions are being tested in the TSTB test environment (except for auctions - testing as of July 1, 2022).