CSD Default Protection Bond: A Shield Against Geopolitical and Systemic Risks in Securities Custody
Mana Bond Ltd Announces Innovative CSD Default Protection Bond: A Shield Against Geopolitical and Systemic Risks in Securities Custody London, December 6, 2025 – In an era of heightened geopolitical tensions and financial uncertainties, Mana Bond Ltd, a leading London-based structured finance issuer, today announced the development of a groundbreaking financial instrument: the CSD Default Protection Bond (CDPB). This insurance-linked security (ILS) is designed to function as a specialized policy, safeguarding institutional investors and corporations holding substantial securities portfolios from the catastrophic risks associated with central securities depository (CSD) failures. The CDPB emerges at a critical juncture, inspired by real-world vulnerabilities exposed in the global financial system. Notably, the 2022 freezing of approximately €180 billion in Russian Central Bank assets and €25 billion in private assets held by Euroclear has underscored the potential for CSDs to b...