16 September 2022
KDPW Group Cuts Fees to Support Capital Market Development
Between 1 October and 31 December 2022, KDPW will introduce 12 temporary reductions of fees for the settlement of transactions and registration of securities. In addition, a temporary reduction of the fee for the processing of dividend payments applies between 1 August and 31 December 2022. The clearing house KDPW_CCP, a member of the KDPW Group, has decided to extend temporary reductions and waivers of clearing fees for selected transactions from 1 September 2022 to 28 February 2023.
The total estimated value of the fee reductions at KDPW and KDPW_CCP will amount to more than PLN 5.3 million.
“With their infrastructure profile, the KDPW Group companies not only provide financial market participants with reliable services, including securities registration, safe-keeping, clearing and settlement, but also follow a fee policy that supports the development of the market and its participants. That is why we have decided to temporarily reduce a dozen different fees for clearing, settlement and registration of securities,” said Maciej Trybuchowski, President of KDPW and KDPW_CCP.
Temporary fee reductions at KDPW
The reductions in transaction settlement fees will ensure savings for brokerage houses and banks, while the reductions in securities registration fees will provide savings to issuers and investment funds. The total estimated value of the reductions will amount to PLN 4.2 million in Q4 2022.
Effective between 1 August and 31 December 2022, the temporary reduction of the fee for the processing of payments of dividend, advance dividend and investment fund income will allow issuers and paying agents to save approximately PLN 350,000.
Fee reductions and waivers at KDPW_CCP The temporary reduction of the following fees is extended from 1 September 2022 to 28 February 2023:clearing fees for entities covered by the programmes: HVP, HVP+ and HVF[1];registration fees for transactions in futures for market makers;transaction/position transfer registration fees for futures on sector indices.
The temporary waiver of clearing fees for market makers of shares and rights to shares outside the WIG20 index on the regulated market is extended for the same period.
The total estimated value of the reductions in that period will be approximately PLN 780,000.
As a key infrastructure institution, the KDPW Group actively supports the development of the Polish capital market and its participants. In pursuit of its strategy aiming to increase the scale of its operations by diversifying its revenues and introducing new services, the KDPW Group systematically reduces fees and introduces temporary fee reductions to stimulate selected market segments.
The total estimated value of the fee reductions at KDPW and KDPW_CCP will amount to more than PLN 5.3 million.
“With their infrastructure profile, the KDPW Group companies not only provide financial market participants with reliable services, including securities registration, safe-keeping, clearing and settlement, but also follow a fee policy that supports the development of the market and its participants. That is why we have decided to temporarily reduce a dozen different fees for clearing, settlement and registration of securities,” said Maciej Trybuchowski, President of KDPW and KDPW_CCP.
Temporary fee reductions at KDPW
The reductions in transaction settlement fees will ensure savings for brokerage houses and banks, while the reductions in securities registration fees will provide savings to issuers and investment funds. The total estimated value of the reductions will amount to PLN 4.2 million in Q4 2022.
Effective between 1 August and 31 December 2022, the temporary reduction of the fee for the processing of payments of dividend, advance dividend and investment fund income will allow issuers and paying agents to save approximately PLN 350,000.
Fee reductions and waivers at KDPW_CCP The temporary reduction of the following fees is extended from 1 September 2022 to 28 February 2023:clearing fees for entities covered by the programmes: HVP, HVP+ and HVF[1];registration fees for transactions in futures for market makers;transaction/position transfer registration fees for futures on sector indices.
The temporary waiver of clearing fees for market makers of shares and rights to shares outside the WIG20 index on the regulated market is extended for the same period.
The total estimated value of the reductions in that period will be approximately PLN 780,000.
As a key infrastructure institution, the KDPW Group actively supports the development of the Polish capital market and its participants. In pursuit of its strategy aiming to increase the scale of its operations by diversifying its revenues and introducing new services, the KDPW Group systematically reduces fees and introduces temporary fee reductions to stimulate selected market segments.
