CSD Risk Assessments

The Risk

Central Securities Depositories (CSDs) are the central mechanisms for holding and transferring securities in every market in the world. In many cases they are bastions of stability and strengthen a financial market, but they can also pose significant risks to the financial system.

The Solution

Thomas Murray provides intraday monitoring and risk assessments of 140+ CSDs globally. We enable banks and other groups exposed to CSDs to understand the risks they pose, benchmark them against other markets and against best practices globally.

Our analysts are experts in CSD risk, including:

Asset Commitment

Liquidity

Counterparty

Asset Safety

Asset Servicing

Financial

Operational

Governance and Transparency

Thomas Murray scores every CSD

According to a CSDs capabilities, its operational infrastructure and its willingness and ability to protect participants and their clients from losses.

There are two primary use-cases for these assessments:

Proprietary: where direct and indirect users of a CSD access the assessments for their own use, and they are not published publicly. Users of a CSD include Custody Banks, Broker Dealers, and Institutional Investors.
Public: where a CSD commissions a rating on itself and makes it publicly available.

In addition to CSD Risk Assessments, Thomas Murray provides Cyber Security Ratings and ESG assessments of every CSD globally.

We safeguard clients and their communities

Petroleum Development Oman Pension Fund

“Thomas Murray has been a very valuable partner in the selection process of our new custodian for Petroleum Development Oman Pension Fund.”

ATHEX

"Thomas Murray now plays a key role in helping us to detect and remediate issues in our security posture, and to quantify ATHEX's security performance to our directors and customers."

Northern Trust

“Thomas Murray provides Northern Trust with a range of RFP products, services and technology, delivering an efficient and cost-effective solution that frees our network managers up to focus on higher Value activities.”