ECSDAEuropean Central Securities Depository Association (stock market)
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An organization for the collaboration of central counterparties, EACH aims to develop and publish, as appropriate, normative standards of clearing and risk management as well as maintain coordination with, for example, other associations such as ECSDA (European Central Securities Depositories Association) and FESE (Federation of European Securities Exchanges) as regards positions on proposed European and global regulatory initiatives relative to central counterparty clearing.
In 2006, the members of EACH, FESE and ECSDA introduced the Code of Conduct to enhance competition and better enable trades to be cleared and settled across borders within a consistent, coherent and cost efficient framework.
ECSDA is the elliptic curve analogue of the DSA and will be available to governments and commercial users who want to take advantage of the benefits offered by elliptic curves.