In production on four continents

Percival systems are the core infrastructure of national and regional markets across Europe, the Caucasus, Africa, the Caribbean and Central America — and the registry platforms of issuers and registrars worldwide.

19Markets run on DEPEND
9Clients on HUBBLE
5Registrars on REGARD
1Exchange live on REVENUE

DEPEND

The core CSD platform of nineteen markets, from the consolidated Baltic depositories to the Caribbean — and, since 2026, a custodian’s post-trade platform too.

  • Baltics & Iceland

    Nasdaq CSD

    The consolidated national CSDs of Estonia, Latvia, Lithuania and Iceland.

  • Ukraine

    National Depository of Ukraine

    Live on DEPEND, with HUBBLE carrying the messaging.

  • Armenia

    Central Depository of Armenia

    Migrating to the next generation of DEPEND.

  • Armenia

    Meta-X Markets

    The first custodian to run DEPEND, live since July 2026.

  • Malta

    Malta Stock Exchange

    On DEPEND since 2013, and among the first depositories on T2S, in June 2015.

  • West Africa

    DC/BR

    The regional depository and settlement bank of Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

  • Jamaica

    Jamaica Central Securities Depository

    On DEPEND since 2011, and linked directly to the Jamaica Stock Exchange’s trading platform since 2019.

  • Trinidad & Tobago

    Trinidad and Tobago Central Depository

    The national depository, with HUBBLE carrying its messaging.

  • Bahamas

    Bahamas Central Securities Depository

    The depository of the Bahamas International Securities Exchange.

  • Barbados

    Barbados Central Securities Depository

    On DEPEND since 2010, and settling REVENUE’s trades since 2021.

  • Panama

    Latinclear

    Panama’s central securities depository, replacing its core system with DEPEND and HUBBLE.

HUBBLE

The message layer, running alongside DEPEND wherever standards messaging is needed.

  • Baltics & Iceland

    Nasdaq CSD

    ISO-standard messaging with T2S and participants.

  • Malta

    Malta Stock Exchange

    Settlement instructions, instruments and accounts kept in step with T2S.

  • Ireland

    Kerry Group

    Messaging for the food group’s share register.

  • Ukraine

    National Depository of Ukraine

    ISO 15022 and ISO 20022 messaging with participants and the central bank.

  • Jamaica

    Jamaica Central Securities Depository

    Messaging for the Jamaica Stock Exchange’s depository.

  • Trinidad & Tobago

    Trinidad and Tobago Central Depository

    Messaging for the national depository, alongside DEPEND.

  • West Africa

    DC/BR

    Messaging for the regional depository and settlement bank.

  • Armenia

    Meta-X Markets

    ISO 15022 and ISO 20022 messaging with the custodian’s counterparties.

  • Panama

    Latinclear

    Part of the DEPEND + HUBBLE core-system delivery selected in 2023.

REVENUE

Percival’s matching engine on the exchange floor.

  • Barbados

    Barbados Stock Exchange

    Live on REVENUE since 2021, with trades settling on DEPEND.

REGARD

The registrar’s system of record at five registrars worldwide.

  • Seychelles

    Seychelles Breweries Ltd

    Share registration for a Diageo Group company.

  • Ghana

    Ghana Commercial Bank

    Shareholder register and transfer agency processing.

  • Ireland

    Kerry Group

    Registry services for the global food group.

  • Ireland

    Kerry Co-op

    The Irish co-operative’s own register.

Ask the markets that run on Percival

We are glad to arrange reference conversations with the depositories, registrars and exchanges that use our systems every working day.

Contact Percival