What is a Central Securities Depository?
Central Securities Depositories, or CSDs, were developed in the 1960s from a crisis built on excessive trading volumes which threatened to swamp settlement systems. In this short video, Peter explains how CSDs function and their uses.
Overview
Central Securities Depositories (CSDs) were developed so that the securities industry could move towards “dematerialisation” and avoid swamping the settlement systems.
Key learning objectives:
Explain why CSDs were developed
Describe the scope and additional features CSDs provide
List examples of major CSDs
Summary
Expert
Peter Eisenhardt
Peter has over 30 years experience working in banking. He has held several senior positions in international investment banks. Peter is now the Secretary General of the International Council of Securities Associations
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