Markets and Trading

CDS (Canadian Depository for Securities)

Canada's central securities depository that clears and settles trades.

Definition

CDS Clearing and Depository Services Inc. operates the Canadian Depository for Securities, which provides clearing, settlement, and depository services for equities, fixed-income, and money-market trades. CDS is owned by TMX Group. CDS holds securities in book-entry form on behalf of CDS participants, eliminating the need for physical certificates.

Source

TMX Group disclosure; CDS Procedures and Rules

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