KDPWKDPW, for Krajowy Depozyt Papierów Wartościowych (lit. 'National Securities Depository'), is a Polish financial market infrastructure that serves as both a central securities depository and trade repository and also operates a central counterparty clearing house. OverviewKDPW had originally operated as a department of the Polish Stock Exchange from 1991, then became a joint-stock company in November 1994. It is owned by 3 shareholders: the Polish Ministry of Treasury, the Warsaw Stock Exchange, and the National Bank of Poland.[citation needed] KDPW holds securities in uncertificated (dematerialized) form. It participates in the Association of National Numbering Agencies and in the European Central Securities Depositories Association.[1] See alsoReferences
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