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Statistics Directorate    
An entity that holds and administrates securities and enables securities transactions to be processed by book entry. Securities can be held in a physical (but immobilised) or dematerialised form (i.e. so that they exist only as electronic records). In addition to the safekeeping and administration of securities, a CSD may incorporate clearing and settlement functions.

Source Publication:
European Central Bank, 2004, Annual Report: 2004, ECB, Frankfurt, Glossary.

Statistical Theme: Financial statistics

Created on Wednesday, July 13, 2005