Národný centrálny depozitár cenných papierov, a. s. (The National Central Securities Depository, joint-stock company; hereinafter NCDCP) as a legal entity, was established in May 2014 and registered by the Business Register of The Slovak Republic on the 1st of November 2014, in line with the Concept of Capital Market Development developed by the Ministry of Finance of the Slovak Republic, approved by the Government of the Slovak Republic dated on April 23rd 2014, based on establishment and operating licenses assigned by the National Bank of Slovakia (Central Bank of the Slovak Republic) on October 29th, 2014.
Priority objectives of capital market development of the Slovak Republic is to achieve levels of liquidity capitalization comparable to the markets of Visegrád Group countries aswell as quality of infrastructure support and services achieved in developed market economies. NCDCP creation has to be one of the key preconditions for its fulfillment.
NCDCP is a private joint-stock company operating under the Commercial Code, while the Securities Act provides otherwise. In accordance with the Securities Act, NCDCP's core business objective is to keep records of dematerialized and certificated securities, to keep the shareholders register and their pledge as well as the clearing and settlement of transactions in financial instruments.
Founder and sole shareholder of the NCDCP is Slovenská záručná a rozvojová banka, a. s. (Slovak Guarantee and Development Bank, joint-stock company, hereinafter SZRB). SZRB as the biggest state Bank in the Slovak Republic is focused on the backing of SME segment.