An EU initiative which aims to deepen and further integrate the capital markets of EU Member States.
A non-financing purchase or sale of securities.
A central counterparty clearing house is an organisation that exists in various European countries to help facilitate trading done in European derivatives and equities markets.
The Central Securities Depositories Regulation aims to harmonise the authorisation and supervision of central security depositories, across the EU and to improve settlement discipline in the securities settlement systems.
A financial organisation that specialises in holding securities so that ownership can be easily transferred electronically without the need for physical certificates.
To complete a trade, i.e. when the seller delivers securities and the buyer delivers funds on correct form. A trade fails when proper delivery requirements are not satisfied.
An arrangement to settle all existing obligations to and claims on a counterpart falling under that arrangement by one single net payment, immediately upon the occurrence of a defined event of default.
Securities or cash delivered by a borrower to a lender to support a loan of securities or cash.
Collateral management is the method of granting, verifying, and giving advice on collateral transactions in order to reduce credit risk in unsecured financial transactions.
A CDM is a single, market-wide domain model: it is a common data representation of transaction events, used by the market as a whole. That common data representation is the foundation for the development of solutions that are scalable, efficient and that future-proof our market.
An information standard for the Automatic Exchange Of Information (AEOI) on a global level, between tax authorities.
A corporate action is an event initiated by a public company that brings or could bring an actual change to the securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company’s board of directors and authorised by the shareholders.
Corporate governance is the system of rules, practices, and processes by which a firm is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the government, and the community.
A coupon payment on a bond is the annual interest payment that the bondholder receives from the bond’s issue date until it matures.
A transaction concerning either more than one member state or a member state and a third country.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Cryptocurrency custody solutions are independent storage and security systems used to hold large quantities of tokens. Custody solutions are one of the latest innovations to come out of the cryptocurrency ecosystem and have been expected to herald the entry of institutional capital into the industry.
An entity that holds securities of any type for investors, effecting receipt and deliveries, and supplying appropriate reporting.