Improverail aims are to further support the establishment of railway infrastructure management in accordance with Directive 91/440, as well as the new railway infrastructure directives, by developing the necessary tools for modelling the management of railway infrastructure; by evaluating...

Settlement-delivery (S&D) operations of CSDs or ICSDs are the second last stage of the securities treatment procedure, the last stage being the delivery of securities into the accounts of the final holders by their account managers/custodians. As for national transfers, the organisation is...

Les dépositaires centraux (CSD) remplissent deux fonctions dans un cadre national : la conservation ultime de titres et l'administration des systèmes de règlement livraison. Or, le passage d'une espace nationale à un espace domestique européen, met en évidence des surcapacités et des...