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 migrated to the TARGET2-Securities (T2S) platform on 6 February 2017. The CSD is to provide internationally active market actors with a Luxembourg based access point to T2S, providing the full range of T2S functionalities.
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.