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Polish Firm Plans OTC CCP For 2012
Poland’s national securities depository Krajowy Depozyt Papierów Wartościowych is planning to launch a central counterparty, Europe’s fifth, by the end of June 2012, reports Risk.net.
Poland’s national securities depositoryKrajowy Depozyt Papierów Wartościowychis planning to launch a central counterparty, Europe’s fifth, by the end of June 2012. The new clearer, to be formed as a separate business and calledKDPW-CCP, plans to start by clearing zloty-denominated interest-rate swaps, repos and forward-rate agreements.