an entity which holds and administers securities or other financial assets, holds the issuance accounts and enables transactions to be processed by book entry. Assets may exist either physically (but immobilised within the CSD) or in a dematerialised form (i.e. only as electronic records).

an entity which holds and administers securities or other financial assets, holds the issuance accounts and enables transactions to be processed by book entry. Assets may exist either physically (but immobilised within the CSD) or in a dematerialised form (i.e. only as electronic records).