Creation Link Guide - Poland
|Settlement free of payment||Yes||Stamp duty may be applicable.|
|Settlement against payment||Yes|
Stamp duty may be applicable.
Eligible settlement currencies: Polish Zloty (PLN); Euro (EUR) only for EUR denominated mortgage bonds.
Equities/warrants/rights: Stock exchange and OTC settlement.
|Partial settlement||Yes||Upon request from customer and with the agreement of the counterparty.|
|Settlement penalty fees||No|
|Automatic compensation||Yes||Only if transactions are executed with local broker or remote dealer on the WSE and are suspended by KDPW, KDPW will process automatic compensation.|
|Multi Market Securities||Yes|
|Lending and borrowing||Yes||ASL only.|
|Liquidity Hub Connect||No|
|Sale and purchase of rights||No|
|Repo services||Yes||Government bonds only.|
|Market restrictions||Yes||See holding restrictions.|
|FATCA GIIN||Yes||CITI: NXUTG8.00324.ME.616|
Type of link
CSD or settlement method
Indirect via Bank Handlowy S.A., Warsaw
National Bank of Poland (NBP) for T-bills.
National Depository for Securities (KDPW) for T-bonds, covered, corporate and municipal bonds and equities.
Direct link to KDPW operated by Bank Handlowy
EUR denominated mortgage bonds.