This presentation provides an overview of the mission and activities of ECSDA.

1. June 2018
Representing the
CSDindustryacrossEurope

2. 2
Agenda
1. Who are ECSDA’s members?
2. Objectives of the association
3. Governing bodies
4. ECSDA Secretariat
5. Overview of recent activities

3. 3
Agenda
Who are ECSDA’s members?
2. Objectives of the association
3.Governing bodies
4. ECSDA Secretariat
5. Overview of recent activities

4. 32 full members
38 (I)CSDs: international & domestic securities depositories
6 associate members
including 27 (I)CSDs established in EU countries
Located in 35 European countries
4
Who are ECSDA’s members?
All active in issuance, settlement and custody
Issuance
New securities
are created
Trading
Investors buy or
sell securities
Custody
Safekeeping
Asset servicing
Settlement
Securities delivery,
final transfer of
ownership
Clearing
Calculating
obligations

5. Country coverage
EUROPE
EEA
38 (I)CSDs
across
Europe
EU
27
CSDs
16 CSDs + 2 ICSDs
EURO AREA
29
CSDs
5 other
European
CSDs
4 CSDs
in EU
candidate
countries

6. 6
Agenda
1. Who are ECSDA’s members?
Objectives of the association
3. Governing bodies
4. ECSDA Secretariat
5. Overview of recent activities

7. 7
Objectives of the association
ECSDA: We stand for an efficient and risk averse post-trade
infrastructure
Non-profit association whose main objective is to
support cooperation between European CSDs.
4. Formulating and representing the common interests of European CSDs, especially
thanks to a coordinated approach towards regulators.
1. Developing expertise on the CSD business: studying technical, economic
and regulatory issues affecting CSDs and discussing possible solutions;
2. Facilitating the exchange of best practices between CSDs;
3. Promoting the unique role of CSDs in financial markets, both from an efficiency
and financial stability perspective;
This cooperation takes various forms including:

8. 8
Agenda
1. Who are ECSDA’s members?
2. Objectives of the association
Governing bodies
4. ECSDA Secretariat
5. Overview of recent activities

9. 9
Governance overview
General Meeting
38 members
Secretariat
Board
of
Directors
Executive
Committee
Public Policy WG Compliance WG
Harmonisation/CA WGRisk Management WG
Settlement WG

10. 10
Executive Committee
Chair Mathias Papenfuß COO, Clearstream
Vice-Chair Brigitte Daurelle CEO, ESES, Euroclear
Vice-Chair Indars Aščuks CEO, Nasdaq CSD SE
Treasurer Georg Zinner Co-CEO, OeKB CSD
Member Ignacio Álvarez Head of Product, Iberclear
Member Mauro Dognini CEO, Monte Titoli
Member Dora Matosić Président, SKDD
Member Niels Olsen CEO, VP Securities
Member Nikolaos Porfyris Deputy COO, ATHEXCSD
Member Boris T. Šnuderl CEO, KDD
Members

11. 11
Agenda
1. Who are ECSDA’s members?
2. Objectives of the association
3. Governing bodies
ECSDA Secretariat
5. Overview of recent activities

12. 12
ECSDA Secretariat
Permanent office in Brussels established
in 2010
✓ represents CSD industry towards European and
Global stakeholders
✓ organises the work of the working groups and one-
off CSD events
✓ monitors European and Global developments with an
impact on CSDs
✓ conducts studies on the CSD industry
✓ collaborates with other CSDs globally on joint
initiatives
The Secretariat

13. 13
Agenda
1. Who are ECSDA’s members?
2. Objectives of the association
3. Governing bodies
4. ECSDA Secretariat
Overview of recent activities

14. 14
ECSDA Working Groups
Settlement
▪ Monitoring of the EU and global regulation
▪ Key current files:
✓ Cyber resilience and FinTech
✓ Future of Post-trade & CSDR review
✓ Review of AIFMD/UCITS
Policy
▪ ECSDA Settlement discipline penalties
framework
▪ Measures to improve settlement efficiency
▪ Technological evolution
Compliance
Harmonisation/CorpActions
▪ Corporate actions processes harmonisation
▪ Communication standards and messaging
Risk Management
▪ Enterprise Risk Management framework
▪ CSD risk appetite and key risk indicators
▪ Recovery plan and transfer of clients’ assets
▪ Operationalisation of a CSD participant bail-in
▪ CSDR: specific deliverable - Single DDQ for links
▪ AML
▪ Sanctions
▪ GDPR

15. ✓ ECSDA New CSD Technology Day
✓ Exchanging with other CSD associations globally
✓ WFC conference
✓ Management of the Global CSD Single disclosure
tool
✓ Annual Factbook and online CSD database
✓ Studies on CSD services and functions
CSD KNOWLEDGE BASE AND
WFC COOPERATION

16. ECSDA aisbl
Rue Royale 75
1000 Brussels
BELGIUM
Ph. +32 2 230 99 01
info@ecsda.eu
http//ecsda.eu