Verdipapirsentraler
Verdipapirsentraler, or central securities depositories (CSDs), are financial market infrastructures that hold securities in electronic form, safeguard ownership, and settle transfers between market participants. They act as the central depository for a country’s or a region’s securities, maintaining the registers of issuers and facilitating the safe and efficient post-trade flow from trade to ownership.
Key functions include safekeeping of securities, administration of ownership records, and processing of corporate actions such
CSDs operate within robust risk management and regulatory frameworks. Settlements are designed to be final and
Participants typically include banks, broker-dealers, fund managers, custodians, and issuers, with some markets offering broader access.
In Norway, Verdipapirsentralen (VPS) is the national CSD responsible for safekeeping, settlement, and related services for