The Nasdaq CSD is the regional Baltic central securities depository (CSD) with a business presence in Estonia, Latvia and Lithuania.
We provide post-trade infrastructure and a wide range of securities services for the Baltic market.
The Nasdaq CSD was established through the merger of the Estonian, Latvian and Lithuanian central securities depositories in 2017 in order to leverage our service offering in the changing CSD landscape in Europe.
Nasdaq CSD SE (Societas Europaea) is licensed under the European Central Securities Depositories Regulation (CSDR). The depository is powered by modern straight-through processing (STP) technology in a solution connected to the pan-European TARGET2-Securities (T2S) platform.
We act as:
- a CSD authorized by the Latvian Financial and Capital Market Commission to provide CSD services in Latvia under the CSDR, and in Estonia and Lithuania via its Estonian and Lithuanian branches, also acting as the registrar of the Estonian Central Register of Securities via its Estonian branch;
- the operator of the Estonian securities settlement system, which is governed by Estonian law and notified to the European Securities and Markets Authority (ESMA) in accordance with the Settlement Finality Directive;
- the operator of the Latvian securities settlement system, which is governed by Latvian law and notified to ESMA in accordance with the Settlement Finality Directive; and
- the operator of the Lithuanian securities settlement system, which is governed by Lithuanian law and notified to ESMA in accordance with the Settlement Finality Directive.
The Nasdaq CSD operates reliable, effective, low-risk and efficient securities settlement systems. The depository has clear and transparent operating rules and procedures in place which allow its participants to manage the risks they face in operating and using any settlement system. The Nasdaq CSD is part of the Nasdaq Group. Nasdaq, Inc., the ultimate parent, provides trade and post-trade services in more than 50 countries.