LuxCSD Gets ECB Approval For Eurosystem Credit Operations
LuxCSD, the central securities depository (CSD) of Luxembourg, has received approval by the European Central Bank (ECB) for its Securities Settlement System (SSS) being eligible for use in Eurosystem credit operations. This status is being granted by the ECB after a thorough assessment against nine user standards to determine the eligibility of a market infrastructure for use in the collateralisation of Eurosystem credit operations.
