The history of today’s ECSDA dates back to the early 1990s, when CSD chief executives started to meet on a regular basis to exchange best practices and prepare for the adoption of the euro. The idea of formalising these contacts in the framework of an association emerged in 1995 at a meeting taking place at the European Monetary Institute (EMI), the predecessor of the ECB, in Frankfurt.
Alain Monod-Broca from SICOVAM, the French CSD at the time, was the first Chairman of the former "ECSDA".
The decision to create an association for European CSDs materialises in November 1997 with the signature of the first original Statutes of the association in Madrid by the 13 founding members.
12 Central Securities Depositories and Clearing Houses of 11 countries in Central and Eastern Europe (Bulgaria, Croatia, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland, Rumania, Slovakia and Slovenia) create the Central and Eastern European Central Securities Depositories and Clearing Houses Association (CEECSDA).
ECSDA officially obtains the status of international association (aisbl) in Belgium.
Gergely Horváth from KELER Ltd, the Hungary CSD, becomes the first Secretary General of CEECSDA.
Iain Saville from CRESTCo, the CSD in the UK, is elected Chairman of ECSDA.
CEESDA obtains the status of association, based in Budapest, Hungary.
The so-called "Giovanni report" identifies the main barriers to efficient cross-border clearing and settlement in Europe.
Giovanni Sabatini, CEO of Monte Titoli, the Italian CSD, is appointed as Chairman.
