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LUXEMBOURG - Capital Market Infrastructure Summary

Central Securities Depositories
Clearstream Banking
VP LUX
LuxCSD S.A
Euroclear Bank

BIS Model
Model 1: Clearstream Banking

Settlement Cycle
T+2

T2S
LuxCSD and VP Lux are set to migrate to T2S in the third wave, scheduled for 12 September 2016.

Comment
CDL acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants.

A new central securities depository is to be set up by London Stock Exchange Group Plc by the first half of 2014.


Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.