Examples of using Csds in English and their translations into Hungarian
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Financial
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Official
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Colloquial
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Medicine
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Ecclesiastic
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Programming
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Official/political
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Computer
Access to CSDs.
The pricing policy will be discussed with CSDs and users prior to being submitted to the Governing Council.
Requirements for CSDs.
It is important to note that all major CSDs have responded positively to our initiative.
Services provided by parties other than CSDs.
The contracts with the CSDs that shall be negotiated by the T2S Board jointly with the Eurosystem central banks and the CSDs;
The CSD Contact Group is a forum for communication and interaction with the CSDs.
To the extent that they do not qualify as securities, central securities depositories(CSDs) cannot undertake settlement of crypto-assets.
( e) commit towards other CSDs in T2S to carry out their central bank money settlement in T2S if the currency is available in T2S.
( ii)the service level agreements negotiated between the T2S Programme Board and the CSDs and Eurosystem central banks as well as with the 4CB;
( iii) the contracts with the CSDs that are negotiated by the T2S Programme Board jointly with the Eurosystem central banks and, on the other hand, the CSDs;
The company has developed a goodreputation because of its independent central services distributors(CSDs), low cost replacement parts and well designed service literature.
CCPs and CSDs form a“closed circuit” which includes, in addition to their reciprocal relationship, central banks and authorised banks and financial institutions.
( e) obtaining all licences necessary to build and operate T2S and to enable the Eurosystem tobe in a position to provide T2S services to the CSDs; 12.5.2010.
Services provided by CSDs that contribute to enhancing the safety, efficiency and transparency of the securities markets, which may include but are not restricted to.
It shall facilitate the preparation and negotiation of the Framework Agreement between the Eurosystem,on the one hand, and the CSDs which are willing to participate in T2S, on the other hand.
Eurosystem user standards will only apply to CSDs used in monetary policy operations and will not apply to CCPs or investment banks.
The European Code of Conduct for Clearing and Settlement of 7 November 2006created a voluntary framework to enable access between CSDs and other market infrastructures.
Investors do not have a relationship with CCPs or CSDs; these are only accessible to operators(i.e. banks and financial institutions that are Clearing Members).
Article 10 Pricing policy 1. The pricing policy for T2S shall be guided bythe basic principles of being not for profit, of full cost recovery and of non-discrimination towards CSDs.
Article 16 Contractual relations with CSDs 1. The contracts between the Eurosystem central banks and CSDs, including the service level agreements, shall be fully harmonised.
Scope of the mandate The CSD Contact group( CCG) shall facilitate the preparation and negotiation of the Framework Agreement, between the Eurosystem,on the one hand, and the CSDs which are willing to participate in T2S.
Three types of access are considered:(a) between issuers and CSDs,(b) between CSDs themselves, and(c) between CSDs and other market infrastructures.
CSDs might, in addition to the core services referred to in other Union law, provide investment services and activities which are regulated under this Directive.
Member States shall designate andnotify the securities settlement systems operated by CSDs according to the procedures referred to in point(a) of Article 2 of Directive 98/26/EC.
CSDs and, where relevant, CCPs should harmonise their operating hours and days and be open at least during the TARGET operating times for transactions denominated in euro.
The project sponsors are nominated by the managing boards of those CSDs that have signed the MoU with the Eurosystem on 16 July 2009 or have made a unilateral declaration of its acceptance thereafter.
Finally, they play a crucial role for the financing of the economy, as almost all the collateral posted by banks to raise fundsflows through securities settlement systems operated by CSDs.
In addition, the proposed regulation defines CSDs as legal persons that operate a securities settlement system and perform at least one other core service listed in the Annex(11).
In addition to consulting before any suspension, CSDs, CCPs and trading venues shall notify, without delay, the respective competent authorities of the suspension of a participant.
