Welcome to our online annual report!

This year, the European Central Securities Depositories Association (ECSDA) has decided to present highlights of the past year in a blog format instead of publishing a traditional “printable” report.

You can scroll down this page to find out more about ECSDA’s activities in 2014 from the first meetings of the association in January to the launch of a new extranet in December.

To find out more about ECSDA member organisations and our governance structure, click on “About” in the Menu bar.



ECSDA enhances its web presence

After upgrading its public website on 1 September, ECSDA launched a new extranet in December. The new platform makes it easier for members to access CSD-relevant news and events. Enhancements include a mobile-friendly interface and topical filters for articles and calendar events.


ECSDA Board of Directors

The last ECSDA Board of Directors and Extraordinary General Meeting (EGM) of the year took place in Brussels on 10 October. Brigitte Daurelle (Euroclear) was elected Vice-Chair of the association in replacement of Paolo Cittadini (Monte Titoli), and a new version of the Articles of association was adopted.


Move to a T+2 settlement cycle

On 6 October, 29 European markets moved from a T+3 to a T+2 settlement cycle, in a “big bang” migration unprecedented in terms of it scale.

Thanks to coordinated efforts by market players in all countries, the transition was very smooth and occurred without negative effects on settlement efficiency. ECSDA issued a press release on 20 October confirming that no CSD had experienced a significant increase in the number of settlement fails as a result of the move.

Executive Committee

The last Executive Committee of the year took place in Milan on 12 September, in parallel with the Eurofi conference held under the auspices of the Italian Presidency of the European Union.