National Securities Depository (Poland)

The National Securities Depository (Polish: Krajowy Depozyt Papierów Wartościowych, KDPW) is a Polish financial market infrastructure that operates a central counterparty clearing house branded KDPW_CCP, a central securities depository, and a trade repository.

Overview

KDPW had originally operated as a department of the Polish Stock Exchange from 1991, then became a joint-stock company in November 1994. Since then, it has been owned by three shareholders, each of which holds one-third of KDPW's equity capital: the Polish Ministry of Treasury, the Warsaw Stock Exchange, and the National Bank of Poland.^[1]

KDPW holds securities in uncertificated (dematerialized) form. It participates in the Association of National Numbering Agencies and in the European Central Securities Depositories Association.^[2]

See also

• TARGET2-Securities
• CCP Global