KDPW reduces clearing, recording of securities, and corporate action fees
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KDPW reduces clearing, recording of securities, and corporate action fees 04 October 2021Poland Reporter: Maddie Saghir
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KDPW, the central securities depository (CSD) of Poland is offering 13 temporary fee reductions in clearing, recording of securities and corporate action processing from 1 October to 31 December 2021.
In pursuit of a strategy of business expansion through revenue diversification and service development, the KDPW Group regularly reduces its fees and offers temporary fee reductions in order to stimulate selected market segments.
Earlier this year, KDPW temporarily reduced fees for general meeting shareholder identification. As a result, issuers whose shares are recorded in KDPW have saved approximately PLN 800 thousand.
Since 1 July 2021, KDPW has been offering the option of advance payment for annual legal entity identifier (LEI) renewal for two to five years, which reduces the cost of LEI renewal by up to 23 percent.
According to Maciej Trybuchowski, KDPW president, as an infrastructure provider, the KDPW Group companies not only deliver reliable services to financial market participants, including recording, safe-keeping, clearing, and settlement of securities but also follow a pricing policy that supports the growth of the market and its participants.
“This is why we have decided to temporarily reduce more than a dozen fees for clearing, recording of securities, and corporate action processing,” explains Trybuchowski.
Trybuchowski adds: “The reduction of clearing fees will provide savings to brokers and custodian banks. The reduction of fees for the recording of securities and corporate action processing will provide savings to issuers, investment funds, and paying agents.”
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