National Central Securities Depository is entering the market!

(Created: 09.05.2016 16:00, Source: NCDCP)

After a thorough due diligence check, the National Bank of Slovakia has confirmed the readiness of National Central Securities Depository (NCDCP) to perform the authorized business activities

After a thorough due diligence check, the National Bank of Slovakia has confirmed the readiness of National Central Securities Depository (NCDCP) to perform the authorized business activities*). As a new subject of the Slovak capital market infrastructure, NCDCP is starting off its operations and accelerating acquisition activities.

NCDCP has tested the functionality of its systems in cooperation with various capital market subjects. Moreover, during these pre-acquisition activities introduced the new and accredited Operational Rules along with its product pricing strategy (more information about our products and service pricing on our website soon).

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*) Fully automatic processing of stock exchange operations is contingent on the modification of the system employed by The Bratislava Stock Exchange (BCPB). NCDCP and BCPB have entered into a contractual agreement in relation to system connection and settlement instruction settings. The BCPB system modification has been underway for two months and once the necessary testing is completed, full business operations are expected to take place by September of this year.