Collateral is released subject to approval of the relevant instruction by KDPW_CCP. Cash is paid back automatically in the National Bank of Poland Payment System Department (DSP NBP).
If an instruction is approved no later than 17:00 hours, cash is paid on the same day. If an instruction is not approved at 17:00 hours at the latest, the instruction is rejected by KDPW_CCP.
Assets posted as initial deposit are released on the basis of the clearing member’s instruction subject to KDPW_CCP’s approval, which depends on the member’s transaction limit (the value of funds released from collateral cannot cause the transaction limit to be used up in more than 90%).
Assets posted as initial margin are released on the basis of the clearing member’s instruction (colr.ins.xxx.xx) subject to KDPW_CCP’s approval, which depends on the clearing transaction limit. Cash can only be released up to the amount of the margin required on the day for the account from which the member wishes to release cash.
Securities are released according to the existing rules in the system RTGS or MB for securities.