We are a direct participant of the Central Securities Depository of Poland (KDPW) as a brokerage house and clearing agent. We are a general clearing member (GCM) at KDPW_CCP and were the first to start clearing transactions in the derivatives market for remote members of the Warsaw Stock Exchange.
Our company offers clearing services for members of the exchange which do not engage in clearing and settlements on the spot market as well as clearing in the derivative instruments market. The service allows remote members to reduce the costs of post-trade services without having to pay for membership and for set up and connection of communication systems with KDPW or KDPW_CCP.
- Reporting transactions on behalf of the client to the trade repository
- Reporting margins on behalf of the client to the trade repository
- Payment of dividend
- Payment of interest
- Redemption of bonds
- Exercising rights to convertible bonds, senior bonds or subscription warrants to acquire or subscribe to shares of new issue
- Exercising the rights issue in a dilutive seasoned equity offering
- Exercising warrants
- Redemption of investment certificates at the request of the entitled holders
- Expiry of structured certificates
- Preparing lists of persons authorized of participate in general meetings of shareholders of KDPW
- Exchange of securities - split of securities
- Exchange of securities - merging stocks
- Assimilation of securities
- Withdrawing securities from deposit
- Conversion of securities
- Stock swap on account of merger or demerger of public companies
- Rollover of bonds
In cooperation with companies from Erste Group we provide services related to clearing transactions in foreign markets, both spot and futures:
- Erste Group is the main depositary clearing foreign transactions (with the exception of Hungary and the Czech Republic)
- In Hungary and the Czech Republic clearing is carried out by companies from the Group (ERSTE Investment Hungary, Ceska Sporitelna)
- We offer the possibility to settle cross-border transactions in currencies other than currency of the transaction (currency will be converted by Erste Group)
- FOP delivery is possible (cash settlement takes place in Poland)
- Our company clears futures transactions in all global markets
- Transactions are cleared via Erste Group
- Each participant has an individual account for settling futures transactions with Erste Group
- It is possible to charge margins in currencies other than the currency of the trade
- This is also possible in the case of commission and day-to-day settlements of the market
- We offer customized reporting to its clients