Nasdaq CSD is a regional Central Securities Depository with a business presence in Estonia, Iceland, Latvia, and Lithuania. Registration of securities at Nasdaq CSD increases the company’s transparency, improves its trustworthiness, and provides more opportunities to promote the company to the public, creditors and foreign investors.
Nasdaq CSD provides three core CSD services:
In addition to these core CSD services, issuers are provided with a wide range of corporate actions services, information services (maintenance of registers, shareholder information, services to funds, statistics), ISIN services, and more.
Securities like equities, bonds, and fund units are registered at a CSD. The main functions of a CSD are safekeeping of the securities and facilitating the transfer of securities, which is done digitally via book entry. A CSD is also a place where securities trades are cleared and settled.
Nasdaq CSD provides a post-trade infrastructure and a wide range of securities services for Baltic and Icelandic market participants. As of the end of September 2022, it services more than 6,800 issuers in the region and has a total of over EUR 68 billion under custody.
Nasdaq CSD is licensed under the European Central Securities Depository Regulation (CSDR) and is supervised by the relevant national competent authorities. As a depository, it is powered by Straight-Through Processing technology connected to the pan-European T2S platform and the RTGS settlement system at the Central Bank of Iceland.
Nasdaq CSD SE is 100% owned by Nasdaq Nordic Ltd. and it is the sole owner of AS Pensionikeskus. The ultimate parent of Nasdaq CSD is Nasdaq Inc.
The post-trade landscape is rapidly changing, and it’s Nasdaq CSD mission to assure that our clients and investors have access to best-in-class services at any given time.”
At Nasdaq CSD, we maintain the highest standards of excellence, efficiency, and security, ensuring a standardized way of operating and servicing our clients. The four securities settlement systems of Estonia, Iceland, Latvia, and Lithuania run on the same technical platform, with the Baltic countries having one interface to TARGET2-Securities (T2S) and Iceland being connected to the Central Bank of Iceland’s RTGS System for cash settlement of securities transactions.
That means our clients can plan, optimize, and execute their business vision with confidence – with an eye on the future.
We operate a Central Securities Depository with a business presence in Estonia, Iceland, Latvia, and Lithuania. Below you can find details about each branch of Nasdaq CSD.