Process of creation of a single central depository in Slovakia is entering its final phase

The process of creation of a single central depository in Slovakia is approaching its completion. The Governing Council of the European Central Bank officially approved termination of participation of Národný centrálny depozitár cenných papierov, a.s. (NCDCP) in the Target 2-Securities, that provides the securities settlement services to both central depositories. In  accordance with the plan approved by the European Central Bank, the exit will be executed in period from 12 till 14 November 2021. In order to create a single, advanced securities central depository, Centrálny depozitár cenných papierov SR, a.s. (CDCP) and NCDCP concluded an agreement on transfer of clients’ assets from NCDCP to CDCP; the depositories informed on this fact in July of this year. Press release HERE.

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