CDB-Group is committed to ensuring that there is no modern slavery or human trafficking in any part of our business or supply chains. Our modern slavery and human trafficking statement reflects our ongoing commitment to acting ethically and with integrity in all our business relationships. We will continue to improve our practices, benchmarking ourselves against peers and ensuring our systems and controls to safeguard us against any form of modern slavery or human trafficking remain effective.
Modern Slavery act
Our organisational structure
CDB AG is the holding company which owns, directly or indirectly, the entire issued ordinary share capital of the CDB group of companies.
CDB AG is the parent company of the international and national central securities depositories (CSDs) of the group. It owns the group's shared securities processing platforms and delivers a range of services to the group's depositories with significant business interests in the UK. CDB UK & Ireland Limited is a wholly owned subsidiary of CDB AG.
Go to About us for further information on CDB-Group’s structure.
We are the premier provider of settlement and related securities services for transactions involving domestic and international bonds, equities, derivatives and investment funds. We offer clients a single access point to post-trade services covering domestic securities from over 40 markets. For further details please visit About us
Before engaging with a supplier we conduct due diligence. We follow a risk-based system to identify potential risks in our supply chain which includes enhanced monitoring of companies deemed to operate in a higher-risk country or companies which operate in higher-risk industries.
Due diligence process
In order to mitigate risk within our supply chain, we have put in place systems to:
- Identify and assess areas of potential risk prior to engaging in a relationship with a supplier and on an ongoing basis through our annual Supplier Risk Assessment exercise. This is supplemented by ongoing monitoring of supplier performance and issues which might arise.
- This process is supported by providing training to those staff most in contact with suppliers to recognise the signs of modern slavery; and information to all staff via our corporate intranet.
- Ensuring staff can speak up about concerns they might have in relation to our business or our dealings with suppliers is one of the Five Ethical Principles contained in our Code of Business Conduct (pdf-5.5MB) and supported through a specific Speak Up Policy Handbook.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes CDB-Group’s slavery and human trafficking statement for the financial year ending 31/12/2017.
This statement was approved by the CDB AG board of directors on 31 January, 2020
Chief Executive Officer