Custody/clearing  
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ESTONIA - Capital Market Infrastructure Summary

Central Securities Depository
Estonian CSD

BIS Model
Model 1

Settlement Cycle
T+2

T2S
Estonian CSD is set to migrate to T2S in the fourth wave, scheduled for 6 February 2017.

Comment
ECSD acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants.

Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.