Percival - world #1 CSD system provider

About the company


Percival is a brand name for Percival Software Limited, company #2093734 registered in England, having our registered address at 112, Morden Road, London SW19 3BP

CSD Software OÜ, company #14027511, registered in Estonia, having a registered address of Vabaõhumuuseumi tee 1, 13522 Tallinn, is a 100% owned subsidiary of Percival Software Limited

Percival is a developer and vendor of advanced software solutions for Stock Exchanges, Central Securities Depositories (CSDs) with or without central registration as well as Share Registration and Transfer Agents (RTAs).

It’s all about teamwork

Today’s products from Percival include the REGARD system for RTAs, and the DEPEND system for CSDs, and the REVENUE trading platform.

The company was founded in 1987 in the UK, and since that time has developed and renewed its products continuously until the present, seventh development cycle. Percival’s first RTA system was implemented in 1986, its first CSD system was implemented in 1991, and its first trading platform went live in 2021.

Percival’s DEPEND CSD solution handles the post trade processing for the main capital market in 19 countries.

Our team has been together for over 25 years and is the most tightly-knit, knowledgeable, and efficient team committed to the continuous improvement of its expertise and product quality.

Percival’s Achievements

World’s longest established vendor of CSD systems with over 35 years’ history; DEPEND is currently the core CSD solution for 19 main markets across the world; …

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Company history

Percival signs contract with Central Latinoamericana de Valores


REVENUE goes live at the Barbados Stock Exchange


DEPEND & HUBBLE go live in Iceland


DEPEND goes live at the National Depository of Ukraine


Percival signs contract with the National Depository of Ukraine


Percival signs contract to deliver DEPEND & HUBBLE to Icelandic CSD

DEPEND and HUBBLE goes live in all three Baltic CSDs


Percival signs contract with new Icelandic CSD

Percival signs contract to deliver DEPEND & HUBBLE to CSDs in the Baltic


Malta Stock Exchange joins T2S in the 1st wave with HUBBLE

REGARD goes live at Seychelles Breweries Limited


Percival wins the contract to implement DEPEND for Norway’s CSD, Verdipapirsentralen ASA (VPS)

DEPEND goes live in an eight-country regional market – Bourse Régionale Des Valeurs Mobilières


DEPEND goes live at the Central Depository of Armenia

DEPEND goes live at the Malta Stock Exchange

Percival starts development of HUBBLE – configurable message layer tool to ease integration for T2S


Percival wins contract to supply DEPEND to the BRVM in French West Africa


DEPEND goes live at the Estonian Central Securities Depository

DEPEND goes live at the Trinidad & Tobago Central Depository

DEPEND goes live it the Jamaica Central Securities Depository

Percival wins the contract to implement DEPEND for the Central Depository of Armenia


DEPEND goes live at the Barbados Central Securities Depository

DEPEND goes live at the Bahamas Central Securities Depository

DEPEND’s web module is completed and goes live at its first site and is used to handle online voting for shareholders


The first REGARD systems are installed


Percival commence development of its new DEPEND product for CSDR operations


Percival start a new product development cycle for its new REGARD product for Share Registration


Percival set up a joint venture based in Estonia to handle CSDR clients and continued development of this product line; at this time Percival have implemented five CSD systems, including one for an eight country regional market in West Africa


Percival complete development of a module to handle the new employee share schemes being implemented in the UK


Percival release a new generation of CSDR product called Depository 2000 and this starts live operation in the Estonian Central Securities Depository


Percival complete the Crest module and 3 clients go live with Crest


Joint venture firm based in Estonia completes development of the automated trading system for Tallinn Stock Exchange


Percival implement their second CSDR; the implementation takes place in the record time of only three months from contract signing to commencement of live operations


Percival add clearing and settlement functionality to the depository system


Percival implement their first CSD for a beneficial owner level market in Malta


Percival release a major new version to handle the semi paperless TAURUS settlement environment being implemented in the UK


Modules for handling employee benefits in the form of profit sharing schemes and options schemes


Percival implement their first Share Registration system