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 LEI issuance service for Luxembourg-domiciled entities and investment funds is now operational. All EU counterparties entering into derivative trades are required to have a LEI to meet the reporting obligations under the European Market Infrastructure Regulation (EMIR).
LuxCSD successfully handled the issuance and settlement of Luxembourg’s first Sukuk sovereign bond following the implementation of the new Sukuk law in Luxembourg in July 2014 to establish a centre for Islamic finance outside of the Islamic world.
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.