Oesterreichische Kontrollbank AG (OeKB) and Wiener Börse AG founded on 2 August 2004 the Central Counterparty Austria GmbH (CCP.A) which assumed the function of a central counterparty for all trades executed on the Vienna Stock Exchange market (pursuant to § 26 (3) Austrian Stock Exchange Act) as of 1 January 2005. CCP.A acts as the responsible central counterparty for the clearing and risk management of all trades concluded on the Vienna Stock Exchange and assumes the fulfilment and default risk involved in the clearing and settlement of securities transactions. In order to ensure the fulfilment of all transactions, CCP Austria applies modern risk management methods.
The settlement on the Vienna Stock Exchange market takes place on the second day after the trade was concluded (T+2). Settlement is carried out by Central Counterparty Austria GmbH (CCP.A) and OeKB CSD GmbH (100% affiliate of Oesterreichische Kontrollbank AG – OeKB).