international central securities depository (ICSD)

What is international central securities depository (ICSD)?

international central securities depository (ICSD) definition and meaning on Finance terms:
A central securities depository (CSD) which was originally set up to settle Eurobond trades and is now active also in the settlement of internationally traded securities from various domestic markets, typically across currency areas. At present, there are two ICSDs located in EU countries: Clearstream Banking in Luxembourg and Euroclear Bank in Belgium. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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