central securities depository (CSD)

What is central securities depository (CSD)?

central securities depository (CSD) definition and meaning on Finance terms:
An entity that: 1) enables securities transactions to be processed and settled by book entry; 2) provides custodial services (e. g. the administration of corporate actions and redemptions); and 3) plays an active role in ensuring the integrity of securities issues. Securities can be held in a physical (but immobilised) form or in a dematerialised form (whereby they exist only as electronic records). <


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