Majority of firms satisfied with new services and enhancements
CDS Clearing and Depository Services Inc. announced that it has signed an agreement with Acupay System LLC which will permit the issuance of Maple bonds by Spanish corporations and government agencies, including corporate debt guaranteed by the Spanish government.Maple bonds are Canadian dollar debt securities issued in the Canadian domestic markets by foreign issuers.The CDS-Acupay […]
Higher volumes generated more revenue than planned
November exercises test disaster recovery readiness
Sees more than 1 million exchange trades for four days in a row
CDS Clearing and Depository Services Inc. today announced that it has retained its ‘AA’ rating from Thomas Murray, the specialist custody rating, risk management and research firm.The rating assesses the risk exposures for investors associated with the processes the depository has in place to facilitate the safekeeping and the clearing and settlement of securities. It […]
IDA, CDS issue joint notice
Thomas Murray reviews CDS
The Ontario Securities Commission reports that it has approved amendments filed by CDS Clearing and Depository Services Inc. to its procedures relating to Maximum Debt Trade Amount.The amendments provide that trades in debt securities with a par value greater than $50 million be split into $50 million or smaller increments. This edit will apply to, […]
CDS Clearing and Depostitory Services Inc. is seeking comments on proposed amendments to its rules that would allow it to establish a link to the central securities depository for the United Kingdon.The firm explains that its strategy is to become a gateway between Canada’s capital markets and foreign capital markets, “in order to enhance the […]