Central Depository AD

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The Central Depositary AD or CDAD, is one of two central securities depositories in Bulgaria, [1] the other being the Bulgarian National Bank Government Securities Settlement System. [2]

Contents

Overview

CDAD was established as a joint-stock company on 13 August 1997. [3] It committed to connecting to the TARGET2-Securities (T2S) securities settlement platform of the Eurosystem in October 2022. [1]

CDAD's shareholders include the Bulgarian Ministry of Finance, the country's main banks and investment firms, and the Bulgarian Stock Exchange. The Ministry of Finance has the largest single stake at 43.7 percent. [4] The Bulgarian National Bank was a shareholder until 2011, when it sold its 20 percent stake to the Ministry of Finance. [5] Other shareholders may not hold more than 5 percent each. [4]

See also

References

  1. 1 2 "Central Depository AD (CDAD) joins T2S". European Central Bank. 21 October 2022.
  2. ↑ "Central securities depository of Bulgarian National Bank joins T2S". European Central Bank. 22 December 2022.
  3. ↑ "Central Depository AD (CDAD)". Cbonds. Retrieved 12 February 2025.
  4. 1 2 "Shareholders". www.csd-bg.bg. Retrieved 12 February 2025.
  5. ↑ "Bulgaria Fin Ministry Acquires C-Bank Stake in Depository". Invest Bulgaria. 13 May 2011.


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