Depositary System (Central Depositary/CDS)

CDS is also an abbreviation of credit default swap

A depositary system for securities records ownership of dematerialised securities.

In some countries, the same institutions to combine the functions of a securities depositary and a clearing house. This is not the case in the UK. The main depositary system in the UK , and several other countries, is Euroclear.

Copyright Graeme Pietersz © 2005-2020