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Exchange Clearing House (GIR KDPW)

The mission of the Exchange Clearing House of the National Depository for Securities (GIR KDPW) is to clear and settle transactions on the Warsaw Stock Exchange Energy Market poee.

With many years of experience on the Polish capital market, the National Depository can offer prompt clearing and settlement of transactions concluded on the WSE Energy Market poee based on state-of-the-art technologies.

The separation of transaction functions and clearing functions between different entities improves the speed and safety of concluding and clearing transactions while enabling to reduce the cost of guaranteeing settlements.

The market was opened on 11 December 2010. The WSE Energy Market poee allows participants to buy and sell electricity on an ongoing basis (on the Daily-Hourly Market) and to enter into transactions with a longer exercise date (up to 1 year) on the Electricity Futures Market. The platform will also support trade in property rights attached to certificates of origin for renewable energy as well as CO2 emission allowances.

Last modified:16-11-2011 Go up