Hungarian CSD Keler Is KDPW’s Member

Krajowy Depozyt Papierów Wartościowych (KDPW) and the Hungarian central securities depository Keler Ltd. have signed an agreement to establish an inbound DvP operational link for KDPW. As a result, Keler has become a direct member of KDPW.

Consequently, securities held by foreign investors who are clients of the Hungarian CSD will be registered directly in the omnibus securities accounts maintained by Keler with KDPW.

Keler’s participation in KDPW opens another access channel for international investors, especially in Hungary, to the Polish market.

The Polish capital market is the biggest market of the region and very attractive one to international investors. The interest of the Hungarian CSD and its clients corroborates its position.

KDPW has maintained an FoP link with the Hungarian CSD since 2004 following the dual listing of a Hungarian company on the Warsaw and Budapest Stock Exchanges.

The KDPW Group has implemented a number of development projects in the recent years and now offers a range of complementary settlement, clearing, corporate action, data maintenance and numbering agency services which provide a comprehensive and attractive package for Polish issuers, banks, investment firms and investors as well as international players present on the Polish financial market.

KDPW’s links with foreign CSDs