First birthday celebrations for KDPW 13 February 2015Warsaw Reporter: Stephanie Palmer
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The KDPW Polish trade repository (KDPW_TR) accepted more than 105 million reports of 25.5 million trades in derivatives in its first year in business.
Since 12 February 2014, when reporting details of derivatives contracts to a repository became mandatory and KDPW starting business, the trade repository has acquired 171 participants in 12 European countries.
As one of only six institutions in the European Union to be registered as a trade repository by the European Securities and Markets Authority, it has also issued about 4,700 legal entity identifier (LEI) codes.
Direct participants increased from 73 on KDPW’s first day of business to 171 on the same day in 2015. Accepted reports increased from 267,000 to 105.5 million, while reported trades rose from 112,000 to 25.5 million, and the number of LEI codes issued increased from 2,600 to 4,715.
Iwona Sroka, CEO and president of KDPW, said: “For one year now, we have supported companies across the European Union in reporting under the EU requirements. We offer a service which not only complies with the EU norms but is also available at an attractive price.”
“All entities active on the derivatives market can use the service. We serve clients established in Poland and several other EU member states. The trust that KDPW_TR participants have put in us demonstrates that we are well prepared for the challenges we face.”
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