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Central Depository & Clearing Company of Croatia

Financial market infrastructure From Wikipedia, the free encyclopedia

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The Central Depository & Clearing Company (Croatian: Središnje Klirinško Depozitarno Društvo d.d., SKDD) is the central securities depository (CSD) of Croatia.

Overview

The SKDD was established as CSD in 1997.[1] As of 2016, the Croatian government held 41 percent of SKDD's equity capital, the rest being scattered among a range of private-sector participants.[2]

SKDD has also developed a central counterparty clearing service, branded SKDD-CCP Smart Clear, first tested in early 2015.[3] The system went live in early 2022.[4] In November 2022, SKDD-CCP Smart Clear d.d. joined the European Association of CCP Clearing Houses (EACH).[5]

In 2023, SKDD introduced a new platforms to support its connection to TARGET2-Securities (T2S), the Eurosystem's securities settlement system.[1] The connection to T2S was successfully implemented on 11 September 2023, simultaneously as Euroclear Bank, Euroclear Finland, Bulgaria's Central Depository AD, and the Bulgarian National Bank Government Securities Settlement System.[6]

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See also

References

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