The Polish CCP is set to expand its post-trade offering to the banking sector by having its authorization for cleared instruments extended to include interbank market instruments denominated in the euro and to add the euro and eurobonds to the list of acceptable collateral.
KDPW_CCP filed an application with the Polish Financial Supervision Authority to gain authorization to clear such instruments in December 2014. “As the European obligations come into force, banks will have at hand more attractive solutions on the local market based on existing synergies of services provided to the market by the KDPW Group,” said Iwona Sroka, KDPW and KDPW_CCP president and CEO.
In 2015, KDPW_CCP is planning to launch the service of clearing and guaranteeing transactions in bonds and repo transactions on Treasury BondSpot Poland (TBSP). KDPW will be preparing for authorization of the central securities depository under the CSDR. Processing of further corporate actions will be standardised and automated. ISO 20022 messages will be implemented.
KDPW_CCP to Expand Post-Trade Offering in 2015
The Polish CCP is set to expand its post-trade offering to the banking sector by having its authorization for cleared instruments extended to include interbank market instruments denominated in the euro and to add the euro and eurobonds to the list of acceptable collateral.