- What is GIR KDPW?
GIR KDPW is the Exchange Clearing House of the National Depository for Securities, responsible for guaranteeing, clearing and settlement of transactions concluded on the Warsaw Stock Exchange Commodity Market poee (WSE CM poee).
- Who is eligible to become a GIR KDPW member?
Only the following entities are eligible as members:
- companies operating commodity exchanges and companies operating a regulated market and organising trading in exchange commodities;
- commodity brokerage houses;
- brokerage houses;
- energy enterprises which are exchange commodity market members;
- foreign legal persons referred to in Article 50.1 of the Act which are exchange commodity market members;
- domestic financial institutions other than those listed in points 1 - 5, including banks, if their membership is aimed at co-operation with the Clearing House in the execution of its tasks.
- What formal requirements concerning banks do I need to complete to become a GIR KDPW member and trade on WSE CM poee?
The only formal requirement is to have a bank account with Nordea department in Bełchatów and sign powers of attorney for KDPW concerning this account.
- I conclude a transaction on WSE; who do I invoice?
VAT invoices in respect of transactions will be issued by and to the National Depository. VAT shall be added to net Prices according to applicable regulations. (The parties authorise each other to issue VAT invoices without the signature of the person authorised to receive VAT invoices.) VAT invoices should be issued to:
Krajowy Depozyt Papierów Wartościowych S.A.
ul. Książęca 4
00-489 Warszawa
NIP 526-10-09-528
- I am an end consumer. Can I be a GIR KDPW member?
Yes, if the end consumer is a WSE CM poee participant and fulfils the conditions of GIR KDPW membership.
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Last modified:16-11-2011
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