KDPW implementing SWIFTNet based channel

Published on 18 September 2008
Left to right: Christian Kothe, Head of Central & Eastern Europe, SWIFT. Elzbieta Pustola, President & CEO, KDPW SA. Slawomir Panasiuk, member of the management board, KDPW.
KDPW, the Polish CSD, is on course to initiate a SWIFTNet based channel that will allow the Polish market to benefit from the global standards in technology and messaging that SWIFT offers.

“Although it was new technology and a new experience for us, using SWIFT has been relatively easy so far,” says Slawomir Panasiuk, a member of the Management Board of KDPW. Implementation has so far taken just eight months, yet the delivery of such technological solutions can take up to 48 months.

“The requirements were analysed and defined in a very short timeframe since Sibos in Boston last year,” says Christian Kothe, Head of Central and Eastern Europe at SWIFT.

Frank Versmessen, Senior Market Manager also at SWIFT , adds that the rapid turnaround was due to strong cooperation between KDPW, the Polish securities community and SWIFT. “The openness of that three-way communication has been a unique experience,” he says.