CDS Clearing and Depository Services Inc. says that it will be delivering $8.5 million in rebates to the securities industry this year.

The organization notes that this is the fifth straight year it is paying a rebate, and that since 2005, it has rebated a total of $61.5 million back to its customers at year-end.

Distribution of this year’s rebate will be based upon the type and volume of business that each customer transacted throughout the year. In addition to issuing a rebate, its customers also received volume discounts in 2009 totaling $4.12 million that were automatically applied to customer invoices throughout the year, it adds.

CDS says that it has been able to offer rebates and discounts to its customers for two reasons, the effective containment of operating expenses, and its ability to process higher volumes without increasing costs.

“As a cost-recovery organization, CDS is dedicated to providing value to its customers. That is why we have committed to reducing all prices in our core services by 5% (adjusted for volume and inflation) each year for three years. These reductions were first applied in 2008 and have been applied again to the new price list for 2009,” said Ian Gilhooley, president and CEO.