NCDCP is interconnected with the stock exchange system

(Created: 10.11.2016 00:45, Source: NCDCP)

Under the agreement on placing orders concluded between NCDCP and the Bratislava Stock Exchange (BSSE) in April this year, BSSE adjusted its information system to the new conditions arising from existence of the new CSD.

Upon testing thereof, where BSSE cooperated with NCDCP, Central Securities Depository of the Slovak Republic (CDCP), i.e. existing Slovak CSD, and the BSSE´s members, and upon mutually coordinated modification of the operational rules of both Slovak central depositories and BSSE Rules, NCDCP is prepared to process the orders sent by BSSE. Based on systems interconnectivity check in its decision of 10th November National Bank of Slovakia confirmed the readiness of NCDCP to perform the clearing and settlement of stock exchange transactions in financial instruments.

The system interconnection of the subjects in the infrastructure of the Slovak capital market, together with opening a NCDCP holder´s account with CDCP, on 6th October 2016, created prerequisites for strengthening the position of NCDCP as an investor depository and for NCDCP it means also the option to arrange securities settlement, realised via BSSE.