Central Depository & Clearing Company of Croatia
The Central Depository & Clearing Company (Croatian: Središnje Klirinško Depozitarno Društvo d.d., SKDD) is the central securities depository (CSD) of Croatia.
Overview
[edit]The SKDD was established as CSD in 1997.[1] As of 2016, the Croatian government held 41 percent of SKDD's equity capital, the rest being scattered among a range of private-sector participants.[2]
SKDD has also developed a central counterparty clearing service, branded SKDD-CCP Smart Clear, first tested in early 2015.[3] The system went live in early 2022.[4] In November 2022, SKDD-CCP Smart Clear d.d. joined the European Association of CCP Clearing Houses (EACH).[5]
In 2023, SKDD introduced a new platforms to support its connection to TARGET2-Securities (T2S), the Eurosystem's securities settlement system.[1] The connection to T2S was successfully implemented on 11 September 2023, simultaneously as Euroclear Bank, Euroclear Finland, Bulgaria's Central Depository AD, and the Bulgarian National Bank Government Securities Settlement System.[6]
See also
[edit]References
[edit]- ^ a b "Croatia launches its new Central Securities Depository platform". The Paypers. 13 October 2023.
- ^ "Central Depository & Clearing Company Inc. (SKDD)" (PDF). European Central Securities Depositories Association. Retrieved 17 February 2025.
- ^ "Croatia: First and second test of the Croatian SKDD-CCP system successfully completed". GSS UniCredit. 17 April 2015.
- ^ Bob Currie (4 January 2022). "SKDD-CCP offers central clearing in Croatian market". Asset Servicing Times.
- ^ Alexander Kristofersson (3 November 2022). "Croatia's CCP joins European club". PostTrade 360°.
- ^ Annie Tsoneva (11 September 2023). "Croatia's SKDD joins Eurosystem's T2S platform". SeeNews.
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