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Central Depository AD
The Central Depositary AD or CDAD, is one of two central securities depositories in Bulgaria, the other being the Bulgarian National Bank Government Securities Settlement System. Overview CDAD was established as a joint-stock company on . It committed to connecting to the TARGET2-Securities (T2S) securities settlement platform of the Eurosystem in October 2022. CDAD's shareholders include the Bulgarian Ministry of Finance, the country's main banks and investment firms, and the Bulgarian Stock Exchange. The Ministry of Finance has the largest single stake at 43.7 percent. The Bulgarian National Bank The Bulgarian National Bank (, , BNB) is the central bank of the Republic of Bulgaria. It has also been Bulgaria's national competent authority within European Banking Supervision since 2020. Headquartered in Sofia, the bank was established in ... was a shareholder until 2011, when it sold its 20 percent stake to the Ministry of Finance. Other shareholders may not hold more than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, 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. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. In recent decades this has usually been done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgaria
Bulgaria, officially the Republic of Bulgaria, is a country in Southeast Europe. It is situated on the eastern portion of the Balkans directly south of the Danube river and west of the Black Sea. Bulgaria is bordered by Greece and Turkey to the south, Serbia and North Macedonia to the west, and Romania to the north. It covers a territory of and is the tenth largest within the European Union and the List of European countries by area, sixteenth-largest country in Europe by area. Sofia is the nation's capital and List of cities and towns in Bulgaria, largest city; other major cities include Burgas, Plovdiv, and Varna, Bulgaria, Varna. One of the earliest societies in the lands of modern-day Bulgaria was the Karanovo culture (6,500 BC). In the 6th to 3rd century BC, the region was a battleground for ancient Thracians, Persians, Celts and Ancient Macedonians, Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, trib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian National Bank Government Securities Settlement System
The Bulgarian National Bank Government Securities Settlement System or BNBGSSS, sometimes referred to as the Government Securities Depository (GSD), is one of two central securities depositories (CSDs) in Bulgaria, together with Central Depository AD. The main CSD for Bulgarian government securities, it is owned and operated by the Bulgarian National Bank. BNBGSSS is one of three remaining central-bank-operated CSDs in the European Exchange Rate Mechanism that are mainly aimed at deposits of government securities, together with the National Bank of Belgium Securities Settlement System (NBB-SSS) and the Bank of Greece Securities Settlement System (BOGS). Other euro-area countries had similar systems in the past but have phased them out, e.g. France in 1995, Finland in 1996, Italy in 2000, and Spain in 2003. Overview BNBGSSS was established in 1992. As it is operated by a National Central Bank of the Eurosystem, the BNBGSSS is exempt from authorization requirements that apply to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TARGET2-Securities
TARGET2-Securities, in shorthand T2S, is the Eurosystem's platform for securities settlement in central bank money. T2S offers centralised delivery-versus-payment (DvP) settlement across several European securities markets, without being itself a central securities depository (CSD) since it does not offer CSD services such as custody or asset servicing. T2S is one of the Eurosystem's TARGET Services, together with T2 and TARGET Instant Payment Settlement (TIPS) for cash payments. Background Historically, financial market infrastructures in Europe were created to meet the requirements of national financial markets. In most cases, there were one or two dominant players at each stage of the value chain: typically one stock exchange for trading, one central counterparty (CCP) for clearing and at least one CSD for settlement. Furthermore, these national infrastructures were primarily designed to manage securities denominated in the national currency. Securities settlement across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurosystem
The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute,Statute of the ECB (PDF) the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand. The Eurosystem consists of the ECB and the national central banks (NCB) of the 20 member states that are part of the eurozone. The national central banks apply the monetary policy of the ECB. The primary objective of the Eurosystem is price stability. Secondary objectives are financial stability and financial integration. The mission statement of the Eurosyste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Bulgaria)
The Ministry of Finance () of Bulgaria was established in 1879 in accordance with the Tarnovo Constitution. The Ministry is responsible for formulating and implementing the budget and the fiscal and financial policy of Bulgaria. As of April 2024 the Finance Minister of Bulgaria is Temenuzhka Petkova.https://www.minfin.bg/bg/1741 Related agencies * Audit of EU Funds Executive Agency * Bulgarian Development Bank * Customs Agency * National Revenue Agency * National Compensation Housing Fund * Public Finance Inspection Agency * State Commission on Gambling See also * Economy of Bulgaria * List of Bulgarian finance ministers References External links Official website of the Ministry of Finance of Bulgaria in English {{authority control Bulgaria Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian Stock Exchange
The Bulgarian Stock Exchange (, Romanized: ''Bulgarska fondova borsa''), or BSE, is the sole licensed and operating stock exchange in Bulgaria. It was founded on 10 October 1991. The BSE is 50.5% owned by the Bulgarian government, which is actively seeking potential investors, some of them being the Frankfurt Stock Exchange, Athens Stock Exchange, OMX, and the Prague Stock Exchange. The exchange has a pre-market session from 9:00 am to 9:20 am, regular trading hours from 9:20 am to 1:45 pm, and a post-market session from 1:45 pm to 4:00 pm on all days of the week except Saturdays, Sundays, and holidays. History The original exchange, the Sofia Stock Exchange, which had been established by a tsar's decree in 1914, ceased to operate after the Second World War as Bulgaria became a communist state. BSE's first index, the SOFIX, was created in October 2000, followed by three additional indices over the years. In January 2011, the stock exchange itself (Symbol: BSO) was adde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian National Bank
The Bulgarian National Bank (, , BNB) is the central bank of the Republic of Bulgaria. It has also been Bulgaria's national competent authority within European Banking Supervision since 2020. Headquartered in Sofia, the bank was established in 1879. It is the 13th-oldest continuously existing central bank in the world. The bank has a key role in the Bulgarian economy. An independent institution responsible for issuing all banknotes and coins in the country, BNB is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint. Since 1 October 2007, it has been a member of the European System of Central Banks. The governor of the BNB is a member of the General Assembly of the European Central Bank. History Establishment and early development On 25 January 1879, the Russian Imperial Commissar in Bulgaria, Knyaz Alexander Dondukov-Korsakov, approved the Charter of the Bulgarian National Bank. On 4 April 1879, the first BNB Governor w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Securities Depositories Association
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest. It aims to promote a constructive dialogue between the CSD community, European and Global public authorities and other stakeholders aiming at contributing to an efficient and risk-averse infrastructure for financial markets. It is one of five regional CSD associations oWorld Forum of CSDs History The history of the ECSDA dates back to the early 1990s, when CSD chief executives started to meet on a regular basis to exchange best practices and prepare for the adoption of the euro. The idea of formalising these contacts in an association emerged in 1995 at a meeting taking place at the European Monetary Institute in Frankfurt. The association was established in November 1997 with the signature ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depositories Of Europe
Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as Middle Africa * Central America, a region in the centre of America continent * Central Asia, a region in the centre of Eurasian continent * Central Australia, a region of the Australian continent * Central Belt, an area in the centre of Scotland * Central Europe, a region of the European continent * Central London, the centre of London * Central Region (other) * Central United States, a region of the United States of America Specific locations Countries * Central African Republic, a country in Africa States and provinces * Blue Nile (state) or Central, a state in Sudan * Central Department, Paraguay * Central Province (Kenya) * Central Province (Papua New Guinea) * Central Province (Solomon Islands) * Central Province, Sri Lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
