Central securities depository

(CSD).

A facility for holding securities that allows securities transactions to be processed by book entry.

Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records).

In addition to safekeeping, a central securities depository may produce comparison, clearing and settlement functions.

See also

• CRESTCo
• Euroclear
• International Central Securities Depository
• Securities settlement system