A securities settlement system which clears and settles international securities or cross-border transactions in domestic securities. At present, there are two ICSDs located in EU countries: Clearstream Luxembourg and Euroclear Bank.
INTERNATIONAL CENTRAL SECURITIES DEPOSITORY
Meaning of INTERNATIONAL CENTRAL SECURITIES DEPOSITORY in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012