LuxCSD provides Luxembourg's financial community with issuing and central bank settlement as well as custody services for a wide range of securities including investment funds. The European Central Bank (ECB) approved LuxCSD for its Securities Settlement System (SSS).
LuxCSD is getting ready to roll out its enhanced customer offering in the TARGET2-Securities environment: Improved opportunities for cash and securities pooling throughout Europe, harmonised collateral management services from a single platform and enhanced connectivity and asset servicing with local market providers.
LuxCSD’s multilingual LEI team has introduced a simplified process for the issuance and renewal of LEIs. This service covers multiple jurisdictions. Act now to obtain or renew your LEI if required for the forthcoming EU regulation, such as MiFID II/MIFIR, which mandates both EU and non-EU market participants to be compliant by 3 January 2018.
LuxCSD has received initial feedback and remains in close dialogue with its relevant competent regulators throughout the full CSDR authorisation process. While implementing all measures to comply with CSDR, LuxCSD’s operations continue to operate as normal under the current applicable legal and regulatory frameworks.
LuxCSD successfully handled the issuance of several tranches of the first Climate Awareness Bond of the European Investment Bank (EIB) in dematerialised form. Reduction of operational risks and legal certainty on redemption payments.