Examples of using Csds in English and their translations into Slovak
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Financial
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Official/political
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Computer
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Programming
Users will be able to choose between all 30 CSDs in Europe.
The Chairperson shall in coordination with the CSDs:( 1) decide on the frequency, format and agenda of the meetings;
CSDs that are regulated as such under Union law, to the extent that they are regulated under that Union law.
Non-banking-type ancillary services of CSDs that do not entail credit or liquidity risks.
Conduct of business rules should provide transparency in the relations between CSDs and their users.
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CSDs are to be specifically regulated under Union law and subject, in particular, to authorisation and certain operating conditions.
In view of the global nature of financial markets,ESMA is best placed to recognise third-country CSDs.
The competent authorities supervising CSDs established in the Union with whom a third country CSD has established links;
The pricing policy for T2S shall be guided by the basic principles of being not for profit,of full cost recovery and of non-discrimination towards CSDs.
Thus, larger groups of CSDs and larger CSDs have a higher number of representatives, depending on their settlement volume.
It is unclear how, in practice,banking supervisory authorities and authorities responsible for supervising CCPs and CSDs can cooperate in times of emergency with the necessary speed.
Regarding CSDs, it creates, for the first time at European level, a common authorisation, supervision and regulatory framework for CSDs.
Clearing and settlement is conducted largely through national CSDs, which for certain services have a monopoly in their respective countries.
CCPs and CSDs form a“closed circuit” which includes, in addition to their reciprocal relationship, central banks and authorised banks and financial institutions.
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.
The contracts with the CSDs that shall be negotiated by the T2S Board jointly with the Eurosystem central banks and the CSDs;
Recognition by ESMA should be subject to an effectiveequivalent recognition of the prudential framework applicable to CSDs established in the Union and authorised under this Regulation.
Services provided by CSDs that contribute to enhancing the safety, efficiency and transparency of the securities markets.
A link shall be supported by an appropriate contractual arrangement that sets out the respective rights and obligations of the linked CSDs and, where necessary, of the CSDs' participants.
However, 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.
By 18 September 2019 all interoperable links between CSDs operating in Member States shall be, where applicable, DVP-settlement supporting links.
But according to Singer, who 20 years ago helped digitize South Africa's paper-based settlement process,the distributed nature of CSDs actually makes them perfect adopters of the technology.
This will affect the two big international CSDs which use their banking capabilities to support the settlement and custody process on a very large scale.
A quick and appropriate remedy should be made available tocompetent authorities to address any unjustified refusal of CSDs or market infrastructures to provide access to their services.
By signing this MoU, CSDs accept certain tasks and responsibilities, which are to some extent a formalisation of the support that is already provided to the Eurosystem by CSDs.
Subsequently, the Norwegian and Polish CSDs also announced that they would adhere to the Memorandum of Understanding, bringing the total number of CSDs to 29.
CSDs also play a crucial role for the collateral market, especially for monetary policy purposes- almost all of the eligible collateral for monetary policy operations in the EU, especially in the Euro area, flows through securities settlement systems.
The safety of the link arrangements set up between CSDs should be subject to specific requirements to enable the access of their respective participants to other securities settlement systems.
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.
The proposed regulation allows CSDs to offer cash settlement in commercial bank money when settlement in central bank money is not practical and available(18).