Latvian Central Depository (LCD) is the sole central securities depository in Latvia and administers Latvian publicly issued securities central register. LCD performs safe-custody of securities, clearing and settlement for securities trading and management of corporate actions, as well as provides other services related to securities.
LCD is a member of ANNA (Association of National Numbering Agencies) and has obtained National Numbering Agency status in Latvia. LCD assigns ISIN codes and CFI codes for all issues registered with LCD.
LCD also administers the state funded pension, i.e. the second pillar of the pension system since January, 2003.
LCD has established corresponding relationships with Estonian CSD, Lithuanian CSD and Clearstream Banking Luxembourg, allowing LCD participants to act as custodians with regard to the financial instruments registered with a counterpart depository.
LCD offers shareholder registrar maintenance service for non – listed joint stock companies.
The operations of the Latvian Central Depository are supervised by the Financial and Capital Markets Commission.
NASDAQ OMX Riga is a 100% owner of the Latvian Central Depository. Latvian Central Depository is a part of NASDAQ OMX Group, Inc.
