Central Depository System (CSD)
Overview on CSD
Payment systems refer to the rules, procedures, and mechanisms for transferring money between two or more financial institutions and their customers.
Central Securities Depository
The Central Securities Depository (CSD) is a system that electronically handles transactions related to government securities and these include:
- Account opening
- Auctions
- Secondary Market trades
- Coupon Payments
- Redemptions
- Repos
- Bank Borrowing (Lombard)
- Rediscounts
- Client support activities including provision of investor statements
The National payments systems is in charge of the administration and general availability of the system as well as user authentication while the actual CSD operations are carried out by the Financial Markets and Banking departments of the central bank.