Okuzeka
Finance & Banking vocabulary · Banks & Institutions

Central securities depository

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, central securities depository means: An institution that maintains securities accounts and supports their safekeeping and transfer.

In Turkish: merkezi saklama kuruluşu

How it is used

Often abbreviated CSD; distinguish the central infrastructure from a client's individual custodian.

Example sentences

  1. The issuer registered the new bonds with the central securities depository.

    The infrastructure records the issue for holding and transfer.

  2. Participants reconciled their holdings with the central securities depository.

    Participant records are compared with the central securities records.

Common collocations

  • central securities depository account
  • CSD participant
  • securitiesFinancial assets that can be bought and sold, such as shares, bonds and bills, which give the owner rights like part ownership or a claim to repayment.
  • settlementThe final step of a payment or trade, when money or securities actually move from one party to the other and the deal is complete.

More terms: Banks & Institutions

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This page explains English vocabulary for learners. It is not financial advice.