Distribution of rebates to be based on the type, volume of each customer’s business
TMX to market CDS data products
A few smaller participants will be closing their link accounts within the next few months
Changes initiated by the U.S. National Securities Clearing Corp.
New York Link participants may be required to pre-fund NSCC payment obligations
CDS Clearing and Depository Services Inc. said Tuesday that the rating agency for industry custodians has reaffirmed its rating, indicating very low risk overall.CDS says that Thomas Murray, the specialist custody rating, risk management and research firm, has affirmed its AA rating. “The ‘AA’ rating as assigned by Thomas Murray recognizes CDS Clearing’s ongoing commitment […]
CDS Clearing and Depository Service Inc. is launching of CDS Securities Management Solutions Inc., a new subsidiary that will aim to deliver services to issuers and their agents.CDS Solutions will offer the following products and services: > online International Securities Identification Number (ISIN) Issuance and Committee on Uniform Security Identification Procedures (CUSIP) numbering;> registrar and […]
CDS Clearing and Depository Services Inc. will extend the transition period for its new Book-entry-only Securities Services Agreement from April 1 to July 1, the organization said Monday.On December 4, 2008, CDS announced that a new Book-entry-only Securities Services Agreement (BEO SSA) will come into effect on April 1. “The BEO SSA and associated procedures […]
FINet expands types of eligible securities
CDS Clearing and Depository Services Inc. has launched a new publication, in an effort to improve communication with its members regarding various development initiatives it has underway.In response to a survey it carried out last year, CDS says respondents called for improved communication about the various projects it’s working on so that participants can better […]