BVB’s contribution will not exceed EUR 10m. The new company is expected to bring new products to the stock exchange trading, such as derivatives or short selling.

The Bucharest Stock Exchange (BVB) published the resolutions of the Extraordinary General Meeting of the Shareholders, in which the shareholders approved BVB’s participation in the establishment of  a new company called CCP.  The new company is expected to bring new products to the stock exchange trading, such as derivatives or short selling.

CCP’s initial aggregate share capital will be at least EUR 15m, while BVB’s contribution will not exceed EUR 10m.

Note that CCP’s main object of activity, as stated by BVB, consists in clearing operations consisting in the determination of positions, including calculation of net obligations and obligations to ensure availability of financial instruments, of cash, and/ or availability of both, so as to cover exposures resulting from such positions, as well as other services and activities related to clearing and the operation of the financial instrument settlement system.