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 among the founding members of the newly-established Luxembourg Capital Markets Association (LuxCMA) representing the common interests of all stakeholders of the primary capital markets industry in Luxembourg.
With the aim to provide market participants with the best support possible, LuxCSD has implemented a straight forward online process for the issuance and renewal of Legal Entity Identifiers (LEIs) in 37 jurisdictions around the world.
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.
Shurgard Self Storage S.A. successfully dematerialised shares through LuxCSD in support of its IPO on Euronext Brussels to raise EUR 575 mn. Dematerialised issuance significantly reduces inefficiencies and costs for the industry.