Assets eligible to be posted as collateral

We accept collateral in:

• cash (PLN, EUR),
• securities:
  • Treasury bills and bonds traded in the territory of the Republic of Poland,
  • WIG20 shares*,
  • debt securities denominated in EUR, issued by European Union Member States other than the Republic of Poland**

provided that they are included in the list of securities , referred to in § 80 sub-para. 4 of the Rules of Transaction Clearing (non-organised trading).
 

Securities may be credited towards the initial margin up to 60% of its required amount. Cash posted in EUR may be credited towards the initial margin up to 100% of its required amount. In cases justified by the safety of the clearing of transactions, the KDPW_CCP Management Board may, by resolution, reduce these ratios for a limited period of time.

* * As of 3 July 2017 shares of companies participating in the WIG20 index will no longer be accepted as margins until further notice. KDPW_CCP will no longer include such shares in the list of securities referred to in § 47a subpara. 4 of the Rules of Transaction Clearing (organised trading). KDPW_CCP will re-enter shares of companies participating in the WIG20 index into the list of securities if any clearing member declares interest in such collateral, subject to the requirements set out in the aforementioned Rules.

** The possibility of posting securities in EUR as collateral will be introduced at a later date. Consequently, the provisions of the Detailed Rules of the OTC Clearing System to the extent of collateral posted in such securities will come into force within two weeks of the date when KDPW_CCP notifies all participants in the manner referred to in the Rules of transaction clearing (non-organised trading) that it starts to accept deposits/margins and contributions to the funds in such securities.