Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Five

12947

LuxCSD appoints fifth partner bank

RELATED TOPICS​

LuxCSD, Luxembourg’s central securities depository, has now designated five banks as its LPAs – Banque et Caisse d’Epargne de l’Etat, Banque Internationale à Luxembourg, BNP Paribas Securities Services, Caceis Bank and Citi – to support the issuance process of domestic and international securities.

 
Issuers of securities inside and outside of Luxembourg can select and appoint one of the LPAs to ensure compliance with LuxCSD’s operations throughout the lifetime of the issuance.
 
Issuers will gain the advantage of distributing their securities in central bank money while benefitting from the extensive customer network of LuxCSD shareholder Clearstream which gives access to 2,500 financial entities worldwide. Settlement of securities issued in LuxCSD is either performed in EUR central bank money or other currencies in commercial bank money via cash accounts in Clearstream.
 
Pierre Thissen, member of the board of directors of LuxCSD and head of market infrastructure of the Banque centrale du Luxembourg, says: “We are pleased that five main players of the Luxembourg financial centre and beyond have agreed to provide access to LuxCSD’s distribution hub for issuances. Issuers benefit from the single point of access to a broad range of counterparties globally while issuing in central bank money and can also take advantage of Clearstream’s counterparty reach and a consolidated liquidity pool.”
 
LuxCSD provides the Luxembourg financial community with EUR central bank money settlement services as well as issuance and custody services for a wide range of domestic and international securities including investment funds. The CSD fully supports dematerialised securities as these will significantly reduce inefficiencies, risks and costs for the industry. LuxCSD can also advise issuers in dematerialising existing physical securities. 

Latest News

Data provider Preqin has published its Deal Flow Monitor: Q1 2024 report, examining trends in..
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by