A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. This is usually done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed.
In some cases these organizations also carry out centralized comparison, and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes.
In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustees for the owners of the security whereby the collateral is stored and automatically transferred to the lenders in case of non-performance.[1]
^Flandreau, Marc; Pietrosanti, Stefano; Schuster, Carlotta E. (2024). "Sovereign Collateral". The Journal of Economic History. 84 (1): 191–231. doi:10.1017/S0022050724000020. ISSN 0022-0507.
and 22 Related for: Central securities depository information
A centralsecuritiesdepository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated...
CentralDepository Services (India) Ltd. (CDSL) is an Indian centralsecuritiesdepository, founded in 1999. CDSL is the largest depository in India in...
National SecuritiesDepository Limited (NSDL) is an Indian centralsecuritiesdepository, based in Mumbai. It was established in August 1996 as the first...
The CentralSecuritiesDepository of Poland (Krajowy Depozyt Papierów Wartościowych, KDPW) is a Polish centralsecuritiesdepository responsible for the...
electronic securities Transfer of securities, change of beneficial ownership Settlement of trades done on exchange connected to the Depository Pledging...
CentralSecuritiesDepository of Iran (CSDI) is a CSD organization working as the pre-trade and post-trade service company in the Iranian capital market...
Depository Trust Company (DTC), founded in 1973, is a New York corporation that performs the functions of a centralsecuritiesdepository as part of the...
Korea SecuritiesDepository is the centralsecuritiesdepository (CSD) of Korea, providing central custody of securities, book-entry transfer, and settlement...
kentronakan depozitaria) is the Central Depository of Armenia, established in 1996. The CDA is one of the oldest securities market institutions in the country...
exchange transactions. Euroclear acquired Sicovam (the French centralsecuritiesdepository or CSD) in 2001, Necigef (Nederlands Centraal Instituut voor...
of two European International centralsecuritiesdepositories (Euroclear being the other). Clearstream operates securities settlement systems based in both...
CentralDepository Company of Pakistan (CDC) is a Pakistani centralsecuritiesdepository company which provides services for equity, debt and other financial...
European CentralSecuritiesDepositories Association (ECSDA) is the official association of the CentralSecuritiesDepository industry in Europe. The association...
infrastructure firms include payment systems, securities settlement systems, centralsecuritiesdepositories, central counterparties, and trade repositories...
custody and settlement performed by Euronext's centralsecuritiesdepository (CSD), Euronext Securities. Euronext's registered office and corporate headquarters...
The Moscow Exchange also operates Russia's centralsecuritiesdepository, the National Settlement Depository (NSD), and the country's largest clearing...
transfers of stock certificates on behalf of Depository Trust Company, the centralsecuritiesdepository used by the United States National Market System...
The Canadian Depository for Securities Ltd. (CDS Limited) is the world's second largest post-trade financial services company. It is the holding company...
settlement for securities. The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange...
(Chinese: 銀行間市場清算所股份有限公司簡稱上海清算所), is a significant central counterparty and centralsecuritiesdepository in China, established in 2009 in Shanghai. The Shanghai...
Global Information