Settlement overview
LuxCSD provides the issuance, safekeeping and settlement of securities and offers services as issuer CSD and as an investor CSD based on a link with Clearstream Europe AG (CEU) in T2S, offering a wide range of instrument types.
LuxCSD has the status of Securities Settlement System (SSS) and its SSS has been approved by the European Central Bank (ECB) for use in Eurosystem credit operations (subject to Eurosystem criteria).
LuxCSD provides settlement services for both free of payment and against payment transactions.
The European Union, along with the UK and Switzerland, is set to shorten the securities settlement cycle from two business days (T+2) to one (T+1) on 11 October 2027. This strategic decision aims to reduce counterparty and market risks, align with global markets and enhance the overall efficiency and competitiveness of Europe's capital markets. The T+1 Client Implementation Guide is designed to support on the journey to T+1 and it is applicable to both LuxCSD and Clearstream clients.