LeoGlossary: Central Securities Depository (CSD)

An entity that:

  • enables securities transactions to be processed and settled by book entry
  • provides custodial services (e.g. the administration of corporate actions and redemptions)
  • plays an active role in ensuring the integrity of securities issues. Securities can be held in a physical form or in a dematerialized form, i.e. electronic records.

Securities holdings can come in two forms:

Often a CSD will also serve as a securities settlement system (SSS).

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