Updated 17 October 2016

The Committee on Payments and Market Infrastructures (CPMI) provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment, clearing, settlement and related arrangements. Current definitions are now shown alongside the previous ones. You can generate a PDF version of the glossary here.

investor CSD

A term used in the context of CSD links. An investor CSD - or a third party acting on behalf of the investor CSD - opens an account in another CSD (the issuer CSD) so as to enable the cross-system settlement of securities transactions.

Updated: 16 Apr 2012

Source documents


 Additional terms that are not included in the main glossary can be found in the previous version of the glossary.