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A central securities depository (CSD) is a specialized financial organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
The exchange started a new centralsecuritiesdepository last year to simplify trading and settlement.
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The Company also provides a listing service and acts as centralsecuritiesdepository (CSD).
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The collateral is segregated at an international centralsecuritiesdepository, requiring a segregated account to be opened by the client or its custodian.
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Up until now, the settlement of Irish share trades have been carried out by a UK-based CentralSecuritiesDepository (CSD) called Crest.