Definitions for "Central Securities Depository"
The core competency of a CSD is the centralised settlement of securities transactions and the collective safecustody of securities.
A facility for holding securities, either in certificated or uncertificated form, which enables book entry transfer of those securities. A CSD may perform comparison and clearance functions in addition to safekeeping.
an institution for holding securities which enables securities transactions to be processed by means of book entries. Physical securities may be immobilized by the depository or securities may be dematerialized (so that they exist only as electronic records).