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Published in:
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2023 | OriginalPaper | Chapter

8. Central Securities Depositories

Authors : Ulrich Bindseil, George Pantelopoulos

Published in: Introduction to Payments and Financial Market Infrastructures

Publisher: Springer Nature Switzerland

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Abstract

Following an initial introduction to central securities depositories (CSDs), this chapter outlines the key activities of CSDs as well as describing the CSD and international CSD landscape. The mechanics of domestic securities settlement in both commercial bank and central bank money are then unpacked. Following this, the complexities of cross-border securities settlement and of international custody chains are explored, and the functionality of the TARGET2 securities system is depicted.

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Metadata
Title
Central Securities Depositories
Authors
Ulrich Bindseil
George Pantelopoulos
Copyright Year
2023
Book
Introduction to Payments and Financial Market Infrastructures

Print ISBN: 978-3-031-39519-2

Electronic ISBN: 978-3-031-39520-8

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-39520-8_8