Central Depository & Clearing Company of Croatia
{{short description|Financial market infrastructure}}
The Central Depository & Clearing Company ({{langx|hr|Središnje Klirinško Depozitarno Društvo d.d.}}, SKDD) is the central securities depository (CSD) of Croatia.
Overview
The SKDD was established as CSD in 1997.{{cite web |website=The Paypers |date={{date|2023-10-13}} |url=https://thepaypers.com/payments-general/croatia-launches-its-new-central-securities-depository-platform--1264936 |title=Croatia launches its new Central Securities Depository platform}} 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.{{cite web |website=European Central Securities Depositories Association |url=https://ecsda.eu/wp-content/uploads/2018/04/HR-SKDD.pdf |access-date={{date|2025-2-17}} |title=Central Depository & Clearing Company Inc. (SKDD)}}
SKDD has also developed a central counterparty clearing service, branded SKDD-CCP Smart Clear, first tested in early 2015.{{cite web |website=GSS UniCredit |date={{date|2015-4-17}} |url=https://gss.unicreditgroup.eu/about-us/news/croatia-first-and-second-test-croatian-skdd-ccp-system-successfully-completed |title=Croatia: First and second test of the Croatian SKDD-CCP system successfully completed}} The system went live in early 2022.{{cite web |website=Asset Servicing Times |url=https://www.assetservicingtimes.com/assetservicesnews/industryarticle.php?article_id=12602 |date={{date|2022-1-4}} |author=Bob Currie |title=SKDD-CCP offers central clearing in Croatian market}} In November 2022, SKDD-CCP Smart Clear d.d. joined the European Association of CCP Clearing Houses (EACH).{{cite web |title=Croatia’s CCP joins European club |date={{date|2022-11-03}} |url=https://posttrade360.com/news/infrastructure/croatias-ccp-joins-european-club/ |author=Alexander Kristofersson |website=PostTrade 360°}}
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 {{date|2023-9-11}}, simultaneously as Euroclear Bank, Euroclear Finland, Bulgaria's Central Depository AD, and the Bulgarian National Bank Government Securities Settlement System.{{cite web |website=SeeNews |url=https://seenews.com/news/croatias-skdd-joins-eurosystems-t2s-platform-1235595 |date={{date|2023-9-11}} |title=Croatia's SKDD joins Eurosystem’s T2S platform |author=Annie Tsoneva}}