Who we are
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 new central securities depository (CSD) was incorporated in July 2010 and is jointly owned by the Banque centrale du Luxembourg (BCL) and Clearstream International.
LuxCSD offers custodians and distributors across Europe excellent custody and added value services built on a highly efficient settlement process with access to many counterparties. Settlement of securities transactions in central bank money reduces risk for financial market participants.
The development of TARGET2-Securities (T2S), coupled with other significant market and regulatory initiatives, was the key driver for introducing central bank money settlement in Luxembourg. LuxCSD allows for seamless interoperability with Clearstream's international market and will provide a gateway to T2S at a later stage.
The European Central Bank (ECB) approved LuxCSD for its Securities Settlement System (SSS) after an assessment of nine user standards to determine the eligibility of a market infrastructure. LuxCSD is now eligible for use in Eurosystem credit operations.
Pursuant to the ROC endorsement, LuxCSD is now also a pre-LOU that can issue Legal Entity Identifiers (LEI) for all Luxembourg-domiciled entities (Corporate companies and Funds). The combination of our local expertise to support the validation requirements set by the Regulatory Oversight Committee (ROC), combined with DTCC's proven systems and services (the GMEI Utility) will provide Luxembourg with a truly federated and robust model.
Our brochure can be downloaded here: LuxCSD at a glance .