|Equities||Corporate bonds||Government bonds|
|Settlement and custody||KDPW||KDPW||KDPW|
The Polish Financial Supervision Authority (KNF) is the sole market regulator. It supervises and monitors the performance of securities companies, insurance companies, the Warsaw Stock Exchange, the National Depository for Securities (KDPW), investment funds, pension funds, banks, financial and clearing institutions.
PLN 8 for transactions up to PLN 400,000.
PLN 100 for transaction above PLN 400,000.
In practice, not all providers can manage the CSD tolerance limit. BNP Paribas systems can manage it: we usually offer a PLN 100 (EUR 25) fixed limit for transaction value discrepancy to our clients.
Settlement suspension penalty: 0.2% per day of the value of the transaction (not less than PLN 500 and not more than PLN 10,000).
On settlement date (SD)+4, KDPW_CCP has the right to buy-in securities on participants’ behalf using collateral deposits placed by the clearing member. If the buy-in of shares for delivery is not possible, the buyer will be paid an amount based on the value of the shares to be delivered on settlement date and the cost of incurred losses. The failing seller will reimburse all costs, including PLN 1,000 charged by KDPW_CCP for initiating the procedure.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
BNP Paribas continues to grow in Poland, while other players are scaling down their presence. After our latest acquisitions, the BNP Paribas Group is one of the top six banking groups in Poland.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
The BNP Paribas Group is a major player in Poland, with nine entities including retail banking, leasing, real estate and insurance. The BNP Paribas Securities Services branch in Poland, has been operating in the Polish market since 2008 and employs more than 900 securities services specialists.
For more information, please contact your relationship manager or
Andrzej Szadkowski, Head of Location