SKDD-CCP offers central clearing in Croatian market
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SKDD-CCP offers central clearing in Croatian market 04 January 2022Croatia Reporter: Bob Currie
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SKDD, the Croatian central securities depository, has launched a central counterparty clearing service in the Croatian market.
The SKDD-CCP service went live on Monday 3 January with 13 clearing member participants, according to a statement from SKDD.
The Croatian Financial Services Supervisory Agency, HANFA, announced on 30 April 2021 indicating that it had approved a request for SKDD-CCP Smart Clear to provide central counterparty clearing services in the Croatian market, subject to additional conditions.
On securing a positive risk assessment from HANFA and approval from the collegium of regulators, SKDD-CCP was given the green light to launch its CCP facility.
With this development, SKDD-CCP became the fourteenth clearing entity licensed to provide CCP services in the European Union.
鈥淭he SKDD-CCP becomes part of the Croatian capital market infrastructure, along with SKDD and the Zagreb Stock Exchange, linking trading with settlement in its role of central counterparty,鈥� says an SKDD spokesperson.
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