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 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 is an (GLEIF) accredited Local Operating Unit (LOU) for Luxembourg and 36 other jurisdictions worldwide The Company has been issuing ISO 17442 compliant LEIs with the prefix 2221 since September 2014.
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 provides LEI registrants with a dedicated online portal to facilitate LEI issuance, renewal and challenges in accordance with ROC principles and GLEIF standards. As an LEI user, LuxCSD fulfils the obligation to publish the relevant LEI reference data daily so that it is consolidated by GLEIF into the freely available, global LEI data files.
Key milestones at a glance
- 2013: LuxCSD issued the first dematerialised bond (Climate Awareness Bond of the European Investment Bank (EIB)) under Luxembourg law issued through LuxCSD
- 2017: LuxCSD successfully migrates to TARGET2-Securities
- 2018: LuxCSD receives GLEIF accreditation for issuance of Legal Entity Identifiers
- 2020: LuxCSD receives Central Securities Depository Regulation (CSDR) licence