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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.
In the United Kingdom, the regulator for payment systems, central securities depositories and central counterparties, the Bank of England, requires the operator comply with the CPSS-IOSCO principles. [2]
Cede and Company (also known as Cede and Co. or Cede & Co.) is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, and Nasdaq. [1]
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest.
Depository Trust Company (DTC), founded in 1973, is a New York corporation that performs the functions of a central securities depository as part of the US National Market System. [3]
NSD is the central securities depository in the Russian stock market, and provides services with respect to securities both in the capacity of the CSD under Russian Federal Law No. 414-FZ dated 7 December 2011 "On the Central Securities Depository", and in the capacity of a nominee holder of other Russian and foreign equity or debt securities.
Indeed, except rare exceptions, any chain of dematerialised securities contains at least four degrees: (1) the issuer, (2) the Central Securities Depository of the issuer ("CSD"), (3) the final intermediary and (4) the investor. In each subscription of a new security, each one of these actors forwards the security to the immediate lower level ...
CREST is a UK-based central securities depository that holds UK equities and UK gilts, as well as Irish equities and other international securities. It was named after its securities settlement system, CREST, and has been owned and operated by Euroclear since 2002. [1] The name CREST stands for Certificateless Registry for Electronic Share ...