Centrálny depozitár cenných papierov SR, a.s.

What Centrálny depozitár cenných papierov SR, a.s. does

Centrálny depozitár cenných papierov SR, a.s. (CDCP SR) is the sole licensed central securities depository of the Slovak Republic, operating under EU Regulation 909/2014 (CSDR) with a license granted by the National Bank of Slovakia on January 11, 2019. Founded in 1992 and headquartered in Bratislava, the entity maintains approximately 20 staff and provides integrated post-trade infrastructure spanning initial securities registration in the book-entry system, top-tier securities account management, securities settlement via the Eurosystem's Target2-Securities (T2S) platform, ISIN/CFI/FISN national numbering agency functions, LEI code allocation as a GLEIF Local Operating Unit, shareholder and pledge registries, and corporate-actions processing. It is connected to international CSDs (Clearstream, Euroclear), the TARGET2-SK payment system, and since June 2025 operates within the Eurosystem Collateral Management System (ECMS) framework.

The company serves three primary customer segments: issuers (listed companies and bond issuers including government entities such as ARDAL), securities owners (individual and institutional investors holding book-entry securities), and participants (banks, investment firms, central counterparties, and clearing agents including Tatra Banka, ČSOB Slovakia, Slovenská sporiteľňa, VÚB, Raiffeisen Bank, UniCredit Bank, Clearstream, Euroclear, and Národná banka Slovenska). Services are delivered through a combination of an A2A application programming interface, a secure online client portal (portal.cdcp.sk) with mobile QR-code signing via Disig WEB Signer, and physical counter services at the Bratislava headquarters.

CDCP SR's revenue model is a mix of transaction-based fees (securities registration, secondary-market transfers, corporate-actions processing) and recurring account maintenance, shareholder register, and ISIN/LEI subscription fees, all governed by a publicly disclosed price list (Cenník CDCP). Effective January 1, 2026, fee reductions for debt and equity registration and reduced secondary-market transfer fees were implemented to support capital-market liquidity. The company is an independent joint-stock company (a.s.) with no disclosed parent or subsidiaries and is regulated by Národná banka Slovenska under CSDR legislation.

Name

Centrálny depozitár cenných papierov SR, a.s.

Legal name

Centrálny depozitár cenných papierov SR, a.s.

Website

https://cdcp.sk

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

CDCP SR is the sole licensed central securities depository of Slovakia, providing book-entry registration, T2S-based settlement, shareholder and pledge registries, and ISIN/LEI code allocation to issuers, investors, and participant banks under EU CSDR regulation since 2019.

Ownership category

akta.pro rank

Product category

Central Securities Depository Services

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Regulator/Authority-Operated Reporting Systems & Portals (FSAFAJAJ)

Keywords

• Central securities depository
• Securities settlement services
• Securities registration
• ISIN code allocation
• Shareholder register services

Headquarters

HQ city

Bratislava

HQ country

Slovakia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Securities Registration Fees: Fees for registration of securities issues in the depository system, including debt securities and equity securities. From January 2026, a flat fee of 200 EUR applies for registration of shares and other equity securities up to 25,000 EUR.
2. Account Maintenance Fees: Fees for maintaining securities accounts, including owner accounts, client accounts, and custodian accounts.
3. Securities Transfer Fees: Fees for processing transfers of securities, including secondary market transactions, which have been reduced to support market liquidity.
4. ISIN/LEI Code Assignment Services: Fees for assigning and maintaining ISIN codes for securities and LEI codes for legal entities.
5. Shareholder Register Services: Fees for maintaining shareholder registers and providing shareholder extracts.
6. Corporate Actions Processing: Fees for processing corporate events and income distribution.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

CDCP SR is the licensed Central Securities Depository of the Slovak Republic, providing book-entry registration of securities, top-tier securities account management, and securities transaction settlement via the European T2S platform. It also serves as Slovakia's national numbering agency for ISIN/CFI/FISN codes and as a GLEIF-accredited Local Operating Unit for LEI codes, while maintaining pledge registries, shareholder registers, and corporate actions processing.

Product overview

CDCP operates as a central securities depository providing a unified platform of core and ancillary services for securities registration, account management, and transaction settlement in Slovakia. The core platform consists of three interconnected main services: initial securities registration in the book-entry system, central securities account management at the top tier of the ownership hierarchy, and operation of the securities settlement system via T2S. The product portfolio is delivered primarily through the CDCP Electronic Portal supplemented by A2A interface connectivity for automated processing. Supporting services include shareholder register management, ISIN/LEI code allocation, pledge and collateral registries, CSD cross-border linking, and corporate event processing. Fee reduction measures from January 2026 support market access for Slovak issuers.

Differentiator

Problem solved

Functional benefit

Products and services

• Initial Registration of Securities (Evidenčné služby) Primary registration of securities in the book-entry securities system, maintaining the initial record of securities issuance and ownership. Provided to issuers (companies, government entities) of equity and debt securities in the Slovak market.
• Central Securities Account Management (Služby centrálneho vedenia účtov)
• Securities Settlement System (Služby vyrovnania) Operation of the securities transaction settlement system handling exchange and OTC trades and financial instrument transactions via the Target2-Securities (T2S) platform with defined moments of entry, irrevocability, and finality.
• Shareholder Register Services
• ISIN/CFI/FISN Code Allocation
• LEI Code Allocation
• Pledge Registry
• Collateral Transfer Register
• Registered Shareholder List
• CSD Linking Services
• CDCP Electronic Portal Online portal (portal.cdcp.sk) enabling electronic registration of security issues, document signing via mobile QR code, electronic invoice management, and two-factor authentication for secure client access by issuers and account holders.
• Apostille Authentication Service Supplementary service providing Apostille clause authentication on CDCP service outputs in English, used by issuers and shareholders to demonstrate shareholder structure to foreign financial institutions.

Quantifiable outcome

• EUR 16 million in bond proceeds paid to investors through CDCP processing
• +1 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and major.

• Národná banka Slovenska (National Bank of Slovakia)coreTechnology or Integration · 11 January 2019Licensing authority that granted CDCP its CSD license under European CSDR regulation. The license was granted on January 11, 2019, authorizing CDCP to operate as a central securities depository.
• TARGET2-SK / Národná banka SlovenskacoreTechnology or Integration · 1 January 2009CDCP is an associated system to the TARGET2-SK payment system operated by the National Bank of Slovakia. Connection established January 1, 2009. Provides settlement finality and payment integration for securities transactions.
• European Central Bank / ECB (T2S Platform)coreTechnology or IntegrationCDCP provides settlement services through the Target2-Securities (T2S) platform. T2S is the European Central Securities Depository platform operated by the ECB for cross-border securities settlement in central bank money.
• ClearstreammajorTechnology or IntegrationInternational Central Securities Depository providing cross-border settlement services. Listed as participant in CDCP system, enabling foreign investors to access Slovak securities and Slovak investors to access international markets.
• EuroclearmajorTechnology or IntegrationInternational Central Securities Depository providing cross-border settlement and custody services. Listed as participant in CDCP system for international securities operations.
• ANNA (Association of National Numbering Agencies)coreTechnology or IntegrationCDCP is the national numbering agency for Slovakia and member of ANNA. Assigns ISIN codes for securities in accordance with ISO 6166 standard.
• GLEIF (Global Legal Entity Identifier Foundation)coreTechnology or IntegrationCDCP operates as the Local Operating Unit (LOU) in Slovakia, assigning LEI codes for Slovak and Czech entities in accordance with ISO 17442 standard for financial market participant identification.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Euroclear: Major international CSD and partner of CDCP SR, providing cross-border settlement and custody. Comparable core function (central securities depository under CSDR) but operates at much larger scale and broader geographic reach.
• OeKB CSD (Oesterreichische Kontrollbank): Austrian central securities depository providing settlement, custody, and collateral services under CSDR. Comparable in role and regulatory regime, with a larger but geographically proximate Austrian market.
• Iberclear: Spanish CSD operated by BME, providing registration, settlement, and post-trade services under CSDR. Comparable core function but operates in a substantially larger market with broader international participation.
• Clearstream: International CSD operated by Deutsche Börse, providing cross-border settlement and connectivity to CDCP SR as a participant. Although far larger and global in scope, its core CSD services and post-trade infrastructure role are directly comparable.
• SIX SIS: Swiss CSD operating under Swiss and EU-equivalent post-trade frameworks, offering settlement, custody, and collateral services. Comparable in role but operates in a larger, more international financial center.
• Euronext Securities (Milan, Oslo, Copenhagen, Dublin): European CSD network operating multiple national CSDs under CSDR with T2S connectivity. Provides the same core services (settlement, registration, corporate actions) as CDCP, but at multi-country scale and owned by a major exchange group.

Others

• GLEIF (Global Legal Entity Identifier Foundation): Oversees the global LEI system; CDCP SR is a GLEIF-accredited Local Operating Unit. While not a CSD, GLEIF is a direct ecosystem counterpart given CDCP's role assigning LEI codes for Slovak and Czech entities.

Direct peers

• KDPW (Krajowy Depozyt Papierów Wartościowych): Polish national CSD operating under CSDR with T2S connectivity, ISIN/LEI issuance, and a similar service mix (registration, settlement, corporate actions). Highly comparable in scope and regulatory regime to CDCP SR, with a larger but structurally similar domestic market.
• Nasdaq CSD (Baltic and Icelandic CSDs under Nasdaq): Operator of CSDs in the Baltic states and Iceland, providing settlement, registration, and corporate action services under CSDR. Comparable in offering and small-market profile, with similar cross-border linkages to international CSDs.
• Central Securities Depository Prague (Centrální depozitář cenných papírů, a.s.): Czech CSD and historical partner of CDCP SR (cross-border FOP link terminated in 2017). Offers an almost identical product set (registration, settlement, shareholder registers, codes) under the same EU CSDR framework, making it the closest functional twin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centralny-depozitar-cennych-papierov

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centrálny depozitár cenných papierov SR, a.s.