CSD Ethiopia refers to the Central Securities Depository operated by the National Bank of Ethiopia (NBE). It is a secure and centralized platform responsible for the registration, clearing, settlement, and custody of securities such as bonds and equities in Ethiopia’s capital market.

CSD Ethiopia offers a range of services including securities registration, custody, trade settlement, corporate action processing (such as dividend payments), and managing Delivery vs. Payment (DvP) systems to ensure secure transaction settlements.

CSD Ethiopia supports the capital market by enabling the seamless settlement of trades, reducing operational risks, and ensuring that transactions are processed in a secure and timely manner. This is key to the development of Ethiopia’s upcoming stock exchange, the Ethiopian Securities Exchange (ESX).

While a stock exchange like the Ethiopian Securities Exchange (ESX) provides a platform for trading securities, the CSD focuses on the post-trade process. CSD handles the registration, custody, and settlement of securities after trades have been executed on the exchange.

Yes, CSD Ethiopia adheres to international standards for securities settlement, clearing, and custody. This ensures that Ethiopia’s capital market is in line with global best practices, making it a secure and reliable platform for both domestic and international investors.