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.
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 eligible for use in Eurosystem credit operations.
Since 30 January 2018, LuxCSD operates as a Global Legal Entity Identifier Foundation (GLEIF) accredited Local Operating Unit. LuxCSD is an independent Local Operating Unit (LOU) that issues LEIs with the prefix 2221 and covers multiple jurisdictions.
The combination of our local expertise to support the validation requirements set by the Regulatory Oversight Committee (ROC) provides Luxembourg with a truly federated and robust model.
LuxCSD has entered into an outsourcing agreement with the London Stock Exchange to utilise their Una Vista platform for LEI purposes. This technical platform is configured to enable LuxCSD’s LEI Service to issue and maintain unique LEIs for registrants in accordance with GLEIF standards.
Our brochure can be downloaded here: LuxCSD at a glance .