CSD Somalia - Central Securities Depository

Transfer of Securities

The CSD enables transfer of securities from one investor's account to another in cases of death, bankruptcy, or other operations as classified by law.

DVP Settlement Model

Delivery versus Payment (DVP) Model 2 is used for trade transfers, with gross transaction and net transaction settlement through settlement banks.

Settlement Bank Integration

All CSD participants must have an account at a settlement bank. Custodian Banks serve as Settlement Banks responsible for transaction delivery.

Efficient Processing

Bilateral netting amongst banks for prompt interbank payments. The CSD system minimizes intervention and enables easy settling and transfer of securities.

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Transfer of Securities