The KDPW Handbook

Business Excelence - The KDPW Handbook

The National Depository for Securities (KDPW) was founded in 1991 as an integral part of the Warsaw Stock Exchange. Since 1994, it has operated as an independent joint stock company.
The founders of the Polish capital market decided at the time of its creation that securities trading would be fully dematerialised. Traditional paper documents were replaced in favour of a system of accounts on which securities balances were registered for each trading member. (...)

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