A Nasdaq CSD participant authorized as a cash agent is responsible for the following:

  • Guaranteeing and providing liquidity for the settlement in the CSD of the cash leg of CSD participants’ securities settlement transactions and corporate action proceeds if the securities are not T2S eligible or are issued in currency that is not T2S eligible.
  • Monitoring the settlement obligations of the account operator(s) for which the cash agent provides liquidity services and transferring sufficient cash to enable the account operator(s) to make settlement.

Cash agents can provide their services for their own account operator and/or for other CSD participants which are not themselves authorized as cash agents at the CSD.