Who is eligible to join the system?
Participation in the negotiated lending system is not mandatory.
Eligible as lenders are only KDPW participants holding the clearing member status in the transaction clearing system operated by KDPW_CCP or acting as a settlement agent for entities holding such status in the system.
Borrowers are required to hold the clearing member status in the KDPW_CCP transaction clearing system or have a representative in the clearing system.
How to join the system?
To join the negotiated securities lending system, follow the steps below:
- file a declaration of joining the negotiated securities lending system.
A written declaration should specify whether the entity joins the system as a borrower and/or as a lender (§ 76a.4 of the KDPW Rules).
- fulfil the technical requirements i.e., prepare your IT systems for interaction with kdpw_stream in negotiated lending.
System documentation including xml message schemas are available under the IT Tools tab.
Note: Before joining the negotiated securities lending system, you can check the configuration of your IT solutions and run technical tests Tests (available in Polish)