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Depozitarul Central
Depozitarul Central () is the main central securities depository of Romania, headquartered in Bucharest. As of late 2021, the Bucharest Stock Exchange (BVB) held 69.04 percent of Depozitarul Central's equity capital. Overview On , the BVB acquired control of Regisco, which it renamed as Depozitarul Central on . In June 2015, Depozitarul Central connected to TARGET2-Securities (T2S), the Eurosystem's securities settlement platform, as part of the first wave of CSDs connecting to T2S. See also * 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 ... References Central securities depositories of Europe {{finance-stub ... [...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] |
Romania
Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to the east, and the Black Sea to the southeast. It has a mainly continental climate, and an area of with a population of 19 million people. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Europe's second-longest river, the Danube, empties into the Danube Delta in the southeast of the country. The Carpathian Mountains cross Romania from the north to the southwest and include Moldoveanu Peak, at an altitude of . Bucharest is the country's Bucharest metropolitan area, largest urban area and Economy of Romania, financial centre. Other major urban centers, urban areas include Cluj-Napoca, Timiș ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bucharest
Bucharest ( , ; ) is the capital and largest city of Romania. The metropolis stands on the River Dâmbovița (river), Dâmbovița in south-eastern Romania. Its population is officially estimated at 1.76 million residents within a greater Bucharest metropolitan area, metropolitan area of 2.3 million residents, which makes Bucharest the List of cities in the European Union by population within city limits, 8th most-populous city in the European Union. The city area measures and comprises 6 districts (''Sectors of Bucharest, Sectoare''), while the metropolitan area covers . Bucharest is a major cultural, political and economic hub, the country's seat of government, and the capital of the Muntenia region. Bucharest was first mentioned in documents in 1459. The city became the capital in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly History of architecture#Revivalism and Eclecticism, Eclectic, but also Neoclassical arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bucharest Stock Exchange
The Bucharest Stock Exchange (, BVB) is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion. , there were 85 companies listed on the BVB. The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019. That same year, the stock exchange indices reached their highest level in the past 10 years. The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies. , the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP). In September 2020, the Bucharest Stock Exchange was promoted from the category of Frontier Market to the category of Secondary Emerging Market by the FTSE Russell rati ... [...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] |
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] |
