Central Depository & Clearing Company of Croatia
Financial market infrastructure
From Wikipedia, the free encyclopedia
The Central Depository & Clearing Company (SKDD) Croatian: Središnje Klirinško Depozitarno Društvo d.d., is the central securities depository (CSD) of Croatia.
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 18 April 1997 |
| Headquarters | , |
Area served | Croatia |
| Products | Central securities depository |
| Owner | Croatian government (41%) |
| Website | www |
History
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]
