KDPW_CCP welcomes first foreign clearing member
10 June 2016 Warsaw
Image: Shutterstock
ABN AMRO Clearing Bank has become the first foreign general clearing member to join the Polish clearinghouse KDPW_CCP.
The bank has started clearing transactions on the cash and derivatives market of the Warsaw Stock Exchange (GPW), meaning its investors in post-trade services will gain access to the Polish capital market.
It is thought that the move will increase the number of active investors on the Polish capital market and will increase liquidity and trading volumes on GPW.
According to KDPW_CCP, there was a demand from international investors for non-domestic clearing entity to access the clearing house and exchange, a move which will bring them more in line with international clearing practices.
Ma?gorzata Zaleska, president of the management board of GPW, said: “The clearing of transactions on GPW by ABN AMRO Clearing will expand the pool of clients interested in trading instruments listed on GPW.”
“We expect that the new clients will help to improve liquidity on the market to the advantage of all investors. ABN AMRO Clearing is a leader in the domain of post-trade services. The presence of GPW’s partners of its class on the Polish capital market proves the growing importance of our market to investors world-wide.”
Jan Bart de Boer, global chief commercial officer and member of the board at ABN AMRO Clearing, added: “Becoming a general clearing member in KDPW_CCP is the result of strong client demand. The clearing of Polish securities and derivatives adds to our global offer of post-trade services. Investing to bring new trading opportunities to our clients underpins our commitment to make our clients globally competitive.”
This is the latest in a string of developments in the post-trade space of the Polish market. KDPW_CCP has reached capital of PLN 228 million (€52.3 million) and introduced financial instrument netting and a clearing guarantee system.
It has also collaborated with GPW to launch its Risk Management Access (RMA) application for clearing transactions.
Iwona Sroka, president of the management board of KDPW_CCP, said these changes have been made “with a view to the growth of the capital market and all its members”.
She said: “The goal of the change was to stimulate investor activity, enhance market liquidity and the volume of trade, including in particular the development of domestic investment firms.”
The bank has started clearing transactions on the cash and derivatives market of the Warsaw Stock Exchange (GPW), meaning its investors in post-trade services will gain access to the Polish capital market.
It is thought that the move will increase the number of active investors on the Polish capital market and will increase liquidity and trading volumes on GPW.
According to KDPW_CCP, there was a demand from international investors for non-domestic clearing entity to access the clearing house and exchange, a move which will bring them more in line with international clearing practices.
Ma?gorzata Zaleska, president of the management board of GPW, said: “The clearing of transactions on GPW by ABN AMRO Clearing will expand the pool of clients interested in trading instruments listed on GPW.”
“We expect that the new clients will help to improve liquidity on the market to the advantage of all investors. ABN AMRO Clearing is a leader in the domain of post-trade services. The presence of GPW’s partners of its class on the Polish capital market proves the growing importance of our market to investors world-wide.”
Jan Bart de Boer, global chief commercial officer and member of the board at ABN AMRO Clearing, added: “Becoming a general clearing member in KDPW_CCP is the result of strong client demand. The clearing of Polish securities and derivatives adds to our global offer of post-trade services. Investing to bring new trading opportunities to our clients underpins our commitment to make our clients globally competitive.”
This is the latest in a string of developments in the post-trade space of the Polish market. KDPW_CCP has reached capital of PLN 228 million (€52.3 million) and introduced financial instrument netting and a clearing guarantee system.
It has also collaborated with GPW to launch its Risk Management Access (RMA) application for clearing transactions.
Iwona Sroka, president of the management board of KDPW_CCP, said these changes have been made “with a view to the growth of the capital market and all its members”.
She said: “The goal of the change was to stimulate investor activity, enhance market liquidity and the volume of trade, including in particular the development of domestic investment firms.”
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