Examples of using Csds in English and their translations into Italian
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Financial
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Ecclesiastic
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Computer
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Programming
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Official/political
However, CSDs are still regulated only at national level, and cross-border settlement is
The draft introduces the right of issuers to record their securities in any CSD authorised in the Union as well as the right for CSDs to provide services for securities that have been constituted under the law of another Member State.
One of these modifications will be that only CSDs and users that explicitly support T2S will be part of the future T2S governance while,
CSDs in the EU will have access to any other CSDs or other market infrastructures such as trading venues
There are over 30 CSDs in the EU, generally one in each country, and two"international" CSDs(ICSDs- Clearstream Banking Luxembourg and Euroclear Bank), which are a sub-category of CSDs specialised in the issuance of international bonds,
Under the current arrangements, euro area central securities depositories( CSDs) settle the central bank money leg of securities transactions in euro through the local RTGS component of the TARGET system.
on the one hand, and the CSDs which are willing to participate in T2S, on the other hand.
common standards across the Union for securities settlement and CSDs to ensure a true single market for the services provided by national CSDs.
Although signing the Memorandum of Understanding does not commit CSDs to use T2S when it becomes operational,
including barriers of access to CSDs.
as almost all the collateral posted by banks to raise funds flows through securities settlement systems operated by CSDs.
subsequent discussions were held at the national and the European level with CSDs and other market participants.
such as the specific requirements for CSDs with a banking licence and the cooperation between relevant authorities.
In an increasingly cross-border environment CSDs and other market infrastructures(such as trading venues
Since CSDs are systemically important and perform critical services for the securities market,
Capital requirements are also set by reference to operating expenses- CSDs should hold capital,
Introduce consistent rules for CSDs across Europe- by harmonising(2.1) the licensing framework,(2.2)
on central securities depositories(CSDs) and amending Directive 98/26/EC.
including CSDs, and asked for the revision
This platform would only provide settlement services to CSDs, while the other CSD functions( such as corporate actions, custody functions, safekeeping and administration) would continue to be offered by the CSDs.