book-entry systems

central securities depository (CSD)

A central securities depository (CSD) operates the infrastructure used to register, safeguard, and transfer securities. It maintains authoritative records of investors' holdings and supports the completion of trades without routinely moving paper certificates. Depending on the market, the underlying instruments may be stored as immobilised documents or represented entirely by electronic entries. A CSD may… read more »

book-entry transaction

A book-entry transaction is one carried out solely through records maintained in financial accounts. For investments, the relevant institution updates the holder's securities position instead of exchanging paper certificates. In payment services, it may also mean posting an amount to or from a customer's account based on an ongoing authorization, such as for receiving distributions… read more »

Sidebar