National Securities Depository (Poland)

{{Short description|Polish financial market infrastructure}} The '''National Securities Depository''' ({{langx|pl|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.<ref>{{cite web |website=European Central Securities Depositories Association |access-date={{date|2025-2-11}} |url=https://ecsda.eu/wp-content/uploads/2018/04/PL-KDPW.pdf |title=Central Securities Depository of Poland (KDPW)}}</ref>

KDPW holds securities in uncertificated (dematerialized) form. It participates in the Association of National Numbering Agencies and in the European Central Securities Depositories Association.<ref>{{cite web| url=https://www.kdpw.pl/en/international-cooperation.html| title=Membership of international market organisations| publisher=KDPW|access-date=2025-01-09| archive-url=https://web.archive.org/web/20240813212430/https://www.kdpw.pl/en/international-cooperation.html| archive-date=2024-08-13| url-status=live}}</ref>

==See also== * TARGET2-Securities * CCP Global

==References== {{Reflist}}

== External links == * [http://www.kdpw.pl/en/Pages/Home_en.aspx KDPW]

Category:Government agencies of Poland Category:Clearing houses Category:Central securities depositories of Europe Category:Polish Joint-stock companies