SKDD-CCP receives a nine-month extension from HANFA
SKDD-CCP Smart Clear d.d. (SKDD-CCP) informed all market participants that on 1 August the Croatian Financial Services Supervisory (HANFA) received a conclusion by which it is granted a nine-month term during which a new risk calculation model will be implemented.
The new model was proposed after extensive meetings as well as consultations with the regulator and was preliminarily evaluated as a significant improvement over the existing model.
Following the validation of the new risk calculation model, SKDD-CCP plans to present the new model to the members. We will keep you informed about any further planned activities.
Nikoleta Rodin Marotti
Global Securities Services Croatia