Central Banking

Luxembourg launches new central securities depository

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The Central Bank of Luxembourg on Monday opened its new central securities depository, LuxCSD, a joint venture with Clearstream International, a European supplier of post-trading services.

As the designated securities settlement system in Luxembourg, LuxCSD will now provide the Luxembourg financial community with central bank money settlement services as well as issuance and custody services for a wide range of securities including investment funds. In addition, LuxCSD provides general issuance

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