The Code regards service unbundling and accounting separation as important levers to strengthen further the transparency and efficiency of European capital markets. Service unbundling gives customers flexibility when choosing which services to purchase. Accounting separation provides relevant information on the services supplied. Measures defined in the Code are designed to provide customers with choice regarding the services available to purchase and to facilitate competition. 

In view of the implementation of Service Unbundling, all ECSDA members have agreed on a common understanding of the services which have to be unbundled according to the Code. This understanding is reflected in a common ECSDA Glossary.

KDD Tariff reflects the KDD's full implementation of the Code's Unbundling commitments. In addition, and with effect from 1 January 2008, KDD is in a position to be able to comply with the Accounting Segregation provisions of the Code.

Pursuant to provisions of the Code of Conduct, KDD has published a Public statement on its compliance with the Code's part on service unbundling and accounting separation. Public statement indicates that KDD complied with the Code's part on service unbundling and accounting separation in all material respects. External auditor has provided a Report on KDD's public statement providing the conclusions on assertions made in the Public statement.