Central Depository & Clearing Company of Croatia

Central Depository & Clearing Company of Croatia
TypePrivate company
IndustryFinancial services
Founded18 April 1997; 29 years ago (1997-04-18)
Headquarters
Zagreb
,
Croatia
Area served
Croatia
ProductsCentral securities depository
OwnerCroatian government (41%)
Websitewww.skdd.hr

The Central Depository & Clearing Company (SKDD) Croatian: Središnje Klirinško Depozitarno Društvo d.d., is the central securities depository (CSD) of Croatia.

History

The SKDD was established as CSD in 1997. 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.

SKDD has also developed a central counterparty clearing service, branded SKDD-CCP Smart Clear, first tested in early 2015. The system went live in early 2022. In November 2022, SKDD-CCP Smart Clear d.d. joined the European Association of CCP Clearing Houses (EACH).

In 2023, SKDD introduced a new platforms to support its connection to TARGET2-Securities (T2S), the Eurosystem's securities settlement system. 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.

See also

References

  1. 1 2 "Croatia launches its new Central Securities Depository platform". The Paypers. 13 October 2023.
  2. ↑ "Central Depository & Clearing Company Inc. (SKDD)" (PDF). European Central Securities Depositories Association. Retrieved 17 February 2025.
  3. ↑ "Croatia: First and second test of the Croatian SKDD-CCP system successfully completed". GSS UniCredit. 17 April 2015.
  4. ↑ Bob Currie (4 January 2022). "SKDD-CCP offers central clearing in Croatian market". Asset Servicing Times.
  5. ↑ Alexander Kristofersson (3 November 2022). "Croatia's CCP joins European club". PostTrade 360°.
  6. ↑ Annie Tsoneva (11 September 2023). "Croatia's SKDD joins Eurosystem's T2S platform". SeeNews.