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{{Infobox organization
'''European Central Securities Depositories Association''' ('''ECSDA''') is the official association of the [[Central Securities Depository]] industry in Europe.
| name = European Central Securities Depositories Association
| logo =
| logo_size =
| logo_alt =
| logo_caption =
| abbreviation = ECSDA
| established = {{start date and age| 1997 }}
| founder =
| type = [[Trade association]]
| status = <!-- legal status or description (company, charity, foundation, etc.) -->
| purpose = <!-- or |focus = --><!-- humanitarian, activism, peacekeeping, etc. -->
| location_city = [[Brussels]]
| location_country = [[Belgium]]
| region_served = Europe
| products = <!-- or |product = -->
| services =
| membership = 41
| membership_year = 2024
| language = English
| leader_title = Secretary General
| leader_name = Anna Kulik
| funding = <!-- source of funding e.g. for "think tanks" -->
| staff =
| staff_year =
| website = {{URL|https://ecsda.eu/}}
}}


'''European Central Securities Depositories Association''' ('''ECSDA''') is the official [[trade association]] for the [[Central Securities Depository]] industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest.
The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest. It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets.


It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets. It is one of five regional CSD associations of [https://worldcsds.wordpress.com/ World Forum of CSDs].
== Management ==

Since May 2017, ECSDA is led by [https://ecsda.eu/wp-content/uploads/2017_05_08_ECSDA_Press_Release.pdf Anna Kulik], Secretary General of the association. The Association is governed by the General Meeting of its members, the Board of Directors and the Executive Committee. The association governance is specified in the [https://ecsda.eu/about__trashed/governance Articles of the Association and its by-laws]. While the General Meeting gathers the representatives of the ECSDA Members, the Board Directors are appointed in a personal capacity.
==History ==
The history of the ECSDA dates back to the early 1990s, when CSD chief executives started to meet on a regular basis to exchange best practices and prepare for the adoption of the [[euro]]. The idea of formalising these contacts in an association emerged in 1995 at a meeting taking place at the [[European Monetary Institute]] in Frankfurt. The association was established in November 1997 with the signature of the first original Statutes of the association in Madrid by the 13 founding members and registered in Brussels Belgium.<ref>{{cite web |url=https://ecsda.eu/history |title=ECSDA History |publisher=ECSDA |access-date=May 20, 2024}}</ref>

Since May 2017, ECSDA is led by Anna Kulik,<ref>https://ecsda.eu/wp-content/uploads/2017_05_08_ECSDA_Press_Release.pdf</ref> Secretary General of the association. The Association is governed by the General Meeting of its members, the Board of Directors and the Executive Committee. The association governance is specified in the "Articles of the Association" and its by-laws.<ref>{{cite web | url=https://ecsda.eu/about__trashed/governance | title=Governing Bodies – ECSDA }}</ref> While the General Meeting gathers the representatives of the ECSDA Members, the Board Directors are appointed in a personal capacity.

The association holds regular expert discussions and conferences. In 2018, ECSDA held a "Conference on new technology for Financial Market Infrastructures".<ref>{{cite web | url=https://ecsda.eu/ecsda-new-techday | title=ECSDA New Technology Day – ECSDA }}</ref> In 2019, ECSDA held a conference “Towards the Financial Market Infrastructures of Tomorrow”.<ref>{{cite web | url=https://ecsda.eu/conference2019 | title=ECSDA Annual Conference 2019 – ECSDA }}</ref>

In March 2022, in reaction to the [[2022 Russian invasion of Ukraine]], the European Central Securities Depository Association suspended the Russian depository [[National Settlement Depository (Russia)|National Settlement Depository]] (NSD) from membership in the association.<ref name="auto">{{Cite web|url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=225383|title=DTCC blocks Russian securities from Bank of Russia|first=Securities Finance Times reporter Jenna|last=Lomax|website=www.securitiesfinancetimes.com}}</ref><ref name="auto1">{{Cite web|url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=225382|title=ECSDA suspends NSD from membership|first=Securities Finance Times reporter Bob|last=Currie|website=www.securitiesfinancetimes.com}}</ref>


== Main activities ==
== Main activities ==
Line 16: Line 50:


The association also focuses on Cyber resilience, technological innovation and other. It regularly publishes research reports on CSDs, including technical standards, statistics, positions on regulatory issues. It provides educational material on the role of CSDs in financial markets, including Frequently Asked Questions, an online tutorial and facts about the CSD industry. The association acts as the prime interlocutor for European public authorities and other market associations active in the post-trade sector.
The association also focuses on Cyber resilience, technological innovation and other. It regularly publishes research reports on CSDs, including technical standards, statistics, positions on regulatory issues. It provides educational material on the role of CSDs in financial markets, including Frequently Asked Questions, an online tutorial and facts about the CSD industry. The association acts as the prime interlocutor for European public authorities and other market associations active in the post-trade sector.

== Developments ==
It holds regular expert discussions and conferences. In 2018, ECSDA held a [https://ecsda.eu/ecsda-new-techday Conference on new technology for Financial Market Infrastructures]. In 2019, ECSDA held a conference [https://ecsda.eu/conference2019 “Towards the Financial Market Infrastructures of Tomorrow”].

On 27 November 2018, [https://www.globalinvestorgroup.com/articles/3691422/new-french-csd-joins-european-industry-bod ID2S a new French CSD based on blockchain joined ECSDA]. [https://lenta.inform.kz/en/aix-csd-becomes-member-of-european-association-of-csds_a3512775 In March 2019, AIX CSD also became a new associate member of the association.]

In March 2022, in reaction to the [[2022 Russian invasion of Ukraine]], the European Central Securities Depository Association suspended the Russian depository [[National Settlement Depository (Russia)|National Settlement Depository]] (NSD) from membership in the association.<ref name="auto">{{Cite web|url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=225383|title=DTCC blocks Russian securities from Bank of Russia|first=Securities Finance Times reporter Jenna|last=Lomax|website=www.securitiesfinancetimes.com}}</ref><ref name="auto1">{{Cite web|url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=225382|title=ECSDA suspends NSD from membership|first=Securities Finance Times reporter Bob|last=Currie|website=www.securitiesfinancetimes.com}}</ref>


== Membership ==
== Membership ==
The association has 41 member companies, headquartered in 36 countries. Coming from the European Economic Area and beyond. ECSDA Members are based in the geographical Europe and its borders. Based on the ECSDA by-laws, a non-European CSD can become an ECSDA associate member.
The association has 40 member companies, headquartered in 36 countries. Coming from the European Economic Area and beyond. ECSDA Members are based in the geographical Europe and its borders. Based on the ECSDA by-laws, a non-European CSD can become an ECSDA associate member.


== List of ECSDA members ==
== List of ECSDA members ==
[http://www.oekb-csd.at AT - OeKB CSD GmbH]
* {{Flagcountry|AUT}}: [http://www.oekb-csd.at OeKB CSD GmbH]
* {{Flagcountry|BIH}}:

[http://www.crhovrs.org BA - Central Registry of Securities JSC Banja Luka (CR HoV RS)]
**[http://www.crhovrs.org Central Registry of Securities JSC Banja Luka (CR HoV RS)]
**[http://www.rvp.ba Registry of Securities (RVP)]

* {{Flagcountry|BEL}}:
[http://www.rvp.ba BA - Registry of Securities (RVP)]
**[http://www.euroclear.com Euroclear Bank]

[http://www.euroclear.com BE - Euroclear Bank]
**[http://www.euroclear.com Euroclear Belgium]
* {{Flagcountry|BUL}}: [http://www.csd-bg.bg Central Depository AD (CDAD)]

[http://www.euroclear.com BE - Euroclear Belgium]
* {{Flagcountry|CHE}}: [http://www.six-sis.com SIX SIS Ltd]
* {{Flagcountry|CYP}}: [http://www.cse.com.cy Cyprus Stock Exchange (CSE)] {{Webarchive|url=https://web.archive.org/web/20080908080702/http://www.cse.com.cy/ |date=2008-09-08 }}

[http://www.csd-bg.bg BG - Central Depository AD (CDAD)]
* {{Flagcountry|CZE}}: [https://web.archive.org/web/20150721005501/http://www.centralnidepozitar.cz/ Central Securities Depository Prague (CDCP)]
* {{Flagcountry|GER}}: [http://www.clearstream.com Clearstream Banking AG]

[http://www.six-sis.com CH - SIX SIS Ltd]
* {{Flagcountry|DEN}}: [http://www.vp.dk Euronext Securities | Copenhagen]
* {{Flagcountry|ESP}}: [http://www.iberclear.es Iberclear]

[http://www.cse.com.cy CY - Cyprus Stock Exchange (CSE)]
* {{Flagcountry|FIN}}: [http://www.euroclear.com Euroclear Finland]
* {{Flagcountry|FRA}}: [http://www.euroclear.com Euroclear France]

[https://web.archive.org/web/20150721005501/http://www.centralnidepozitar.cz/ CZ - Central Securities Depository Prague (CDCP)]
* {{Flagcountry|GRE}}: [http://www.helex.gr Hellenic Central Securities Depository (ATHEXCSD)]
* {{Flagcountry|CRO}}: [http://www.skdd.hr Central Depository & Clearing Company Inc. (SKDD)]

* {{Flagcountry|HUN}}: [http://www.keler.hu KELER Ltd]
[http://www.clearstream.com DE - Clearstream Banking AG]
* {{Flagcountry|ISL}}: [https://www.vbm.is/english/ Verðbréfamiðstöð Íslands (VBM)]

[http://www.vp.dk DK - Euronext VP Securities]
* {{Flagcountry|ITA}}: [http://www.montetitoli.it Euronext Securities | Milan]
* {{Flagcountry|KAZ}}:

** [https://aix.kz/clearing-settlement/about-aix-csd/ AIX CSD]
[http://www.iberclear.es ES - Iberclear]
** [http://www.kacd.kz/en/about_KACD KCSD]

* {{Flagcountry|LUX}}:
[http://www.euroclear.com FI - Euroclear Finland]
* [http://www.clearstream.com Clearstream Banking SA (CBL)]

[http://www.euroclear.com FR - Euroclear France]
* [https://web.archive.org/web/20140517225833/http://www.luxcsd.com/luxcsd/ LU - LuxCSD]
* {{Flagicon|X}}:[https://nasdaqcsd.com/ LV/EE/LT/IS - Nasdaq CSD SE]

[https://www.id2s.eu/ FR - ID2S]
* {{Flagcountry|MDA}}: [https://www.dcu.md Single Central Securities Depository (DCU)]
* {{Flagcountry|MNE}}: [http://www.cda.me CSD & CC Montenegro]

[http://www.helex.gr GR - Hellenic Central Securities Depository (ATHEXCSD)]
* {{Flagcountry|MKD}}: [http://www.cdhv.mk Central Securities Depository AD Skopje]
* {{Flagcountry|MLT}}: [http://www.borzamalta.com.mt Malta Stock Exchange (MSE)] {{Webarchive|url=https://web.archive.org/web/20160423192701/http://www.borzamalta.com.mt/ |date=2016-04-23 }}

* {{Flagcountry|NED}}: [http://www.euroclear.com Euroclear Nederland]
[http://www.skdd.hr HR - Central Depository & Clearing Company Inc. (SKDD)]
* {{Flagcountry|NOR}}: [http://www.vps.no Euronext Securities | Oslo]

* {{Flagcountry|POL}}: [http://www.kdpw.eu Central Securities Depository of Poland (KDPW)]
[http://www.keler.hu HU - KELER Ltd]
* {{Flagcountry|POR}}: [http://www.interbolsa.pt Euronext Securities | Porto] {{Webarchive|url=https://web.archive.org/web/20110703102213/https://www.interbolsa.pt/ |date=2011-07-03 }}

[http://www.montetitoli.it IT - MONTETITOLI]
* {{Flagcountry|ROU}}: [http://www.roclear.eu Depozitarul Central]
* {{Flagcountry|SRB}}: [http://www.crhov.rs Central Securities Depository and Clearing House (CR HoV)]

* {{Flagcountry|SWE}}: [http://www.euroclear.com Euroclear Sweden]
[https://www.aix.kz/wp-content/uploads/2018/11/AIX-Central-Securities-Depository-Business-Rules.pdf KZ - AIX CSD]
* {{Flagcountry|SLO}}:[http://www.kdd.si KDD Central Securities Clearing Corporation (KDD)]

* {{Flagcountry|SVK}}:[http://www.cdcp.sk Central Securities Depository of the Slovak Republic (CDCP SR)]
[http://www.kacd.kz/en/about_KACD KZ - KACD]
* {{Flagcountry|TUR}}:[http://www.mkk.com.tr/wps/portal/MKKEN Central Securities Depository of Turkey(MKK)]

[http://www.clearstream.com LU - Clearstream Banking SA (CBL)]
* {{Flagcountry|UKR}}:[http://www.csd.ua National Depository of Ukraine (NDU)]
* {{Flagcountry|GBR}}: [http://www.euroclear.com Euroclear UK & International]

[https://web.archive.org/web/20140517225833/http://www.luxcsd.com/luxcsd/ LU - LuxCSD]

[https://nasdaqcsd.com/ LV/EE/LT/IS - Nasdaq CSD SE]

[https://www.dcu.md MD - Single Central Securities Depository (DCU)]

[http://www.cda.me ME - CSD & CC Montenegro]

[http://www.cdhv.mk MK - Central Securities Depository AD Skopje]

[http://www.borzamalta.com.mt MT - Malta Stock Exchange (MSE)]

[http://www.euroclear.com NL - Euroclear Nederland]

[http://www.vps.no NO - Euronext VPS]

[http://www.kdpw.eu PL - Central Securities Depository of Poland (KDPW)]

[http://www.interbolsa.pt PT - Interbolsa]

[http://www.roclear.eu RO - Depozitarul Central]

[http://www.crhov.rs RS - Central Securities Depository and Clearing House (CR HoV)]

[http://www.nsd.ru/en RU - National Settlement Depository (NSD)] (suspended in reaction to the 2022 Russian invasion of Ukraine)<ref name="auto"/><ref name="auto1"/>

[http://www.euroclear.com SE - Euroclear Sweden]

[http://www.kdd.si SI - KDD Central Securities Clearing Corporation (KDD)]

[http://www.cdcp.sk SK - Central Securities Depository of the Slovak Republic (CDCP SR)]

[http://www.mkk.com.tr/wps/portal/MKKEN TR - Central Securities Depository of Turkey(MKK)]

[http://www.csd.ua UA - National Depository of Ukraine (NDU)]

[http://www.euroclear.com UK - Euroclear UK & Ireland]


==References==
==References==
Line 117: Line 107:
*[https://www.slideshare.net/ecsda/ecsda-general-presentation-249912269 presentation on SlideShare]
*[https://www.slideshare.net/ecsda/ecsda-general-presentation-249912269 presentation on SlideShare]
*[http://www.finextra.com/news/fullstory.aspx?newsitemid=21766 Securities depositories to raise public policy profile] (Finextra, 7 September 2010)
*[http://www.finextra.com/news/fullstory.aspx?newsitemid=21766 Securities depositories to raise public policy profile] (Finextra, 7 September 2010)
*[https://www.globalinvestorgroup.com/articles/3691422/new-french-csd-joins-european-industry-bod New French CSD joins European industry body] (Global investor group, 4 December 2018)
*[https://lenta.inform.kz/en/aix-csd-becomes-member-of-european-association-of-csds_a3512775 AIX CSD becomes member of European Association of CSDs] (Kazinform, 1 April 2019)
*[https://lenta.inform.kz/en/aix-csd-becomes-member-of-european-association-of-csds_a3512775 AIX CSD becomes member of European Association of CSDs] (Kazinform, 1 April 2019)

{{Authority control}}


[[Category:Capital markets of Europe]]
[[Category:Capital markets of Europe]]
[[Category:Central securities depositories]]
[[Category:Central securities depositories]]
[[Category:Securities clearing and depository institutions]]
[[Category:Securities clearing and depository institutions]]
[[Category:Finance industry associations]]

Latest revision as of 08:22, 3 June 2024

European Central Securities Depositories Association
AbbreviationECSDA
Established1997; 28 years ago (1997)
TypeTrade association
Location
Region served
Europe
Membership41 (2024)
Official language
English
Secretary General
Anna Kulik
Websiteecsda.eu

European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest.

It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets. It is one of five regional CSD associations of World Forum of CSDs.

History

[edit]

The history of the ECSDA dates back to the early 1990s, when CSD chief executives started to meet on a regular basis to exchange best practices and prepare for the adoption of the euro. The idea of formalising these contacts in an association emerged in 1995 at a meeting taking place at the European Monetary Institute in Frankfurt. The association was established in November 1997 with the signature of the first original Statutes of the association in Madrid by the 13 founding members and registered in Brussels Belgium.[1]

Since May 2017, ECSDA is led by Anna Kulik,[2] Secretary General of the association. The Association is governed by the General Meeting of its members, the Board of Directors and the Executive Committee. The association governance is specified in the "Articles of the Association" and its by-laws.[3] While the General Meeting gathers the representatives of the ECSDA Members, the Board Directors are appointed in a personal capacity.

The association holds regular expert discussions and conferences. In 2018, ECSDA held a "Conference on new technology for Financial Market Infrastructures".[4] In 2019, ECSDA held a conference “Towards the Financial Market Infrastructures of Tomorrow”.[5]

In March 2022, in reaction to the 2022 Russian invasion of Ukraine, the European Central Securities Depository Association suspended the Russian depository National Settlement Depository (NSD) from membership in the association.[6][7]

Main activities

[edit]

The association has 5 permanent working groups:

  1. Risk management of Central Securities Depositories,
  2. Public Policy for Financial Market Infrastructures and Central Securities Depositories,
  3. Settlement efficiency and discipline,
  4. Compliance and
  5. Harmonisation/corporate actions.

The association also focuses on Cyber resilience, technological innovation and other. It regularly publishes research reports on CSDs, including technical standards, statistics, positions on regulatory issues. It provides educational material on the role of CSDs in financial markets, including Frequently Asked Questions, an online tutorial and facts about the CSD industry. The association acts as the prime interlocutor for European public authorities and other market associations active in the post-trade sector.

Membership

[edit]

The association has 40 member companies, headquartered in 36 countries. Coming from the European Economic Area and beyond. ECSDA Members are based in the geographical Europe and its borders. Based on the ECSDA by-laws, a non-European CSD can become an ECSDA associate member.

List of ECSDA members

[edit]

References

[edit]
  1. ^ "ECSDA History". ECSDA. Retrieved May 20, 2024.
  2. ^ https://ecsda.eu/wp-content/uploads/2017_05_08_ECSDA_Press_Release.pdf
  3. ^ "Governing Bodies – ECSDA".
  4. ^ "ECSDA New Technology Day – ECSDA".
  5. ^ "ECSDA Annual Conference 2019 – ECSDA".
  6. ^ Lomax, Securities Finance Times reporter Jenna. "DTCC blocks Russian securities from Bank of Russia". www.securitiesfinancetimes.com.
  7. ^ Currie, Securities Finance Times reporter Bob. "ECSDA suspends NSD from membership". www.securitiesfinancetimes.com.
[edit]
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