European Central Securities Depositories Association (ECSDA) is the official association of the
Central Securities Depository A central securities depository (CSD) is a specialized financial organization holding securities like shares, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather t ...
industry in Europe.
The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest. It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets.
Management
Since May 2017, ECSDA is led b
Anna Kulik Secretary General of the association. The Association is governed by the General Meeting of its members, the Board of Directors and the Executive Committee. The association governance is specified in th
Articles of the Association and its by-laws While the General Meeting gathers the representatives of the ECSDA Members, the Board Directors are appointed in a personal capacity.
Main activities
The association has 5 permanent working groups:
# Risk management of Central Securities Depositories,
# Public Policy for Financial Market Infrastructures and Central Securities Depositories,
# Settlement efficiency and discipline,
# Compliance and
# Harmonisation/corporate actions.
The association also focuses on Cyber resilience, technological innovation and other. It regularly publishes research reports on CSDs, including technical standards, statistics, positions on regulatory issues. It provides educational material on the role of CSDs in financial markets, including Frequently Asked Questions, an online tutorial and facts about the CSD industry. The association acts as the prime interlocutor for European public authorities and other market associations active in the post-trade sector.
Developments
It holds regular expert discussions and conferences. In 2018, ECSDA held
Conference on new technology for Financial Market Infrastructures In 2019, ECSDA held a conferenc
“Towards the Financial Market Infrastructures of Tomorrow”
On 27 November 2018
ID2S a new French CSD based on blockchain joined ECSDAIn March 2019, AIX CSD also became a new associate member of the association.
In March 2022, in reaction to the 2022 Russian invasion of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An ...
, the European Central Securities Depository Association suspended the Russian depository National Settlement Depository
The National Settlement Depository (NSD), headquartered in Moscow, is a Russian non-bank financial institution and central securities depository (CSD). It provides depository, settlement (bank account), and related services to financial market enti ...
(NSD) from membership in the association.
Membership
The association has 41 member companies, headquartered in 36 countries. Coming from the European Economic Area and beyond. ECSDA Members are based in the geographical Europe and its borders. Based on the ECSDA by-laws, a non-European CSD can become an ECSDA associate member.
List of ECSDA members AT - OeKB CSD GmbHBA - Central Registry of Securities JSC Banja Luka (CR HoV RS)BA - Registry of Securities (RVP)BE - Euroclear BankBE - Euroclear BelgiumBG - Central Depository AD (CDAD)CH - SIX SIS LtdCY - Cyprus Stock Exchange (CSE)
CZ - Central Securities Depository Prague (CDCP)DE - Clearstream Banking AGDK - Euronext Securities , CopenhagenES - IberclearFI - Euroclear FinlandFR - Euroclear FranceGR - Hellenic Central Securities Depository (ATHEXCSD)HR - Central Depository & Clearing Company Inc. (SKDD)HU - KELER LtdIT - Euronext Securities , MilanKZ - AIX CSDKZ - KCSDLU - Clearstream Banking SA (CBL)LU - LuxCSDLV/EE/LT/IS - Nasdaq CSD SEMD - Single Central Securities Depository (DCU)ME - CSD & CC MontenegroMK - Central Securities Depository AD SkopjeMT - Malta Stock Exchange (MSE)NL - Euroclear NederlandNO - Euronext Securities , OsloPL - Central Securities Depository of Poland (KDPW)PT - Euronext Securities , PortoRO - Depozitarul CentralRS - Central Securities Depository and Clearing House (CR HoV)SE - Euroclear SwedenSI - KDD Central Securities Clearing Corporation (KDD)SK - Central Securities Depository of the Slovak Republic (CDCP SR)TR - Central Securities Depository of Turkey(MKK)UA - National Depository of Ukraine (NDU)UK - Euroclear UK & Ireland
References
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External links
European Central Securities Depositories Associationpresentation on SlideShareSecurities depositories to raise public policy profile
(Finextra, 7 September 2010)
New French CSD joins European industry body
(Global investor group, 4 December 2018)
AIX CSD becomes member of European Association of CSDs
(Kazinform, 1 April 2019)
Capital markets of Europe
Central securities depositories
Securities clearing and depository institutions