A seven-year agreement has been signed on 27 July 2020, between Cassa di Compensazione e Garanzia (CC&G), part of the London Stock Exchange Group (LSEG) and CCP.RO BUCHAREST S.A., part of the Bucharest Stock Exchange (BVB) Group.
Based on the agreement, CC&G will provide technology and expertise to CCP.RO BUCHAREST S.A.
CCP.RO BUCHAREST S.A. was founded on November 4, 2019, with an initial capital of app. EUR 17 million, the main shareholders being BVB with 59,52% of the shares and Romanian Gas and Market Electricity Operator - OPCOM S.A. with 19.06%.
CCP.RO BUCHAREST S.A. will host the infrastructure that will relaunch the derivatives market in Romania, enabling centralized clearing services for Romania’s capital and energy markets.
Impact on investors: The existence of the CCP will allow the introduction and development of transactions with derivative financial instruments (having as underlying assets equities, commodities, bonds, indices, exchange rates, etc.).