Poland’s national depository for securities KDPW has rolled out clearing house KDPW_CCP, Mondovisione reports. The KDPW will now move all its clearing functions for transactions executed in the regulated market and alternative trading system as well as the management of clearing liquidity guarantee system to KDPW_CCP.
The clearing of transactions will be performed by KDPW_CCP, while the settlement of these transactions will be carried out by KDPW. The clearing house, which has its own capital of $36.31 million, will use a recently implemented risk management system to eliminate the risk of un-cleared transactions.
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