{{short description|Financial market infrastructure}} {{Use dmy dates|date=April 2026}} '''Depozitarul Central''' ({{lang|ro|Depozitarul Central}}; {{lit|Central Depository}}) is the central securities depository (CSD) of Romania. It provides clearing and settlement services for trades executed on the Bucharest Stock Exchange (BVB), maintains the central registry of shareholders for Romanian public companies, and offers a range of related post-trade services. The institution is a joint-stock company, a member of the Bucharest Stock Exchange, and is regulated by the Romanian Financial Supervisory Authority (ASF) and the National Bank of Romania (BNR).<ref>{{cite web |title=Market infrastructure - Romania |url=https://clearstream.com/clearstream-en/res-library/market-coverage/market-infrastructure-romania-1280656 |website=clearstream.com |access-date=24 April 2026}}</ref>
==History== Depozitarul Central traces its origins to 1997, when Regisco, a central securities depository, was founded on 31 July of that year.<ref name ="regie">{{cite web |title=Depozitarul Central |url=https://regielive.net/referate/economie/depozitarul-central-355937.html |website=RegieLive |access-date=24 April 2026 |language=ro}}</ref> On 11 May 2006, the Bucharest Stock Exchange acquired control of Regisco. The institution was renamed Depozitarul Central on 3 January 2007.<ref name ="regie"/> The National Securities Commission (CNVM) authorised its operation on 14 December 2006, and the new central securities depositary took over the depository and registry services previously handled by the National Company for Clearing, Settlement and Depository for Securities (SNCDD) on 10 April 2007. This transfer also included taking over the shareholder registers for all listed companies.<ref name="wallstreet">{{cite web |title=Depozitarul Central, noul centru nodal pentru sud-estul Europei |url=https://www.wall-street.ro/articol/Finante-Banci/27708/depozitarul-central-noul-centru-nodal-pentru-sud-estul-europei |website=Wall-Street |access-date=24 April 2026 |language=en}}</ref><ref>{{cite web |title=Depozitarul Central S.A. devine complet operaţional |url=https://www.amosnews.ro/arhiva/depozitarul-central-devine-complet-operational-27-03-2007 |website=www.amosnews.ro |access-date=24 April 2026 |language=ro}}</ref><ref>{{cite web |title=Depozitarul Central a decontat tranzactii de 15 mld. lei in 2007 |url=https://www.zf.ro/burse-fonduri-mutuale/depozitarul-central-a-decontat-tranzactii-de-15-mld-lei-in-2007-3051174 |website=ZF.ro |access-date=24 April 2026 |language=ro}}</ref>
The early years of the central securities depositary saw considerable growth in its operational capabilities. In 2007, its initial share capital stood at over €3 million, and it managed over 10 million accounts for nearly half of Romania's population through 14 regional agencies. Capital was later increased to €5 million.<ref name="wallstreet"/><ref>{{cite web |title=Astazi incepe sa functioneze si Depozitarul Central |url=https://www.money.ro/astazi-incepe-sa-functioneze-si-depozitarul-central/ |website=Money.ro |access-date=24 April 2026 |language=ro-RO |date=3 January 2007}}</ref> In March 2012, Depozitarul Central launched a turnaround settlement service to provide more efficient settlement for over-the-counter (OTC) trades.<ref>{{cite web |title=The Romanian CSD Launches The Turnaround Settlement Service |url=https://mondovisione.com/media-and-resources/news/the-romanian-csd-launches-the-turnaround-settlement-service-2012314/ |website=mondovisione.com |access-date=24 April 2026}}</ref>
A major milestone in the institution development was its data migration to the TARGET2-Securities (T2S) platform, the Eurosystem settlement engine. Depozitarul Central committed to joining T2S in the first migration wave and successfully completed the transition on 22 June 2015.<ref>{{cite web |title=Depozitarul Central Migrated To The Pan-European Settlement Platform TARGET2-Securities, A Project Made Live In Cooperation With Bucharest Stock Exchange |url=https://mondovisione.com/media-and-resources/news/depozitarul-central-migrated-to-the-pan-european-settlement-platform-target2-sec-2015623/ |website=mondovisione.com |access-date=24 April 2026}}</ref>
==See also== * European Central Securities Depositories Association
==References== {{reflist}}
Category:Central securities depositories of Europe
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