Canadian Depository for Securities Limited (CDS)
Contents
Demystifying the Canadian Depository for Securities Limited (CDS)
Unlocking the intricacies of the Canadian Depository for Securities Limited (CDS), Canada's premier national securities depository and clearing hub. Dive into the functions, history, and significant contributions of the CDS in shaping Canada's financial landscape.
Understanding the Role of CDS: Safeguarding Securities and Streamlining Processes
Explore how the CDS ensures the secure custody and movement of securities, facilitates post-trade transactions processing, and enhances the efficiency of Canada's capital markets. Learn about its regulatory oversight and pivotal role in maintaining market integrity.
Fact: The CDS was established in 1970 to address rising costs and increased trading volumes in Canadian capital markets, laying the foundation for modern-day securities processing. Source: TMX - Canadian Depository for Securities Limited
Evolution of CDS: From Inception to Innovation
Trace the evolution of the CDS from its inception to its current status as a vital subsidiary of TMX Group, handling millions of daily securities trades and custodial responsibilities worth trillions of dollars. Discover its expansion into cross-border markets and collaboration with international counterparts.
Fact: The CDS played a key role in implementing the T+2 settlement initiative in 2017, aligning Canadian markets with global standards and enhancing market efficiency. Source: Investopedia - Canadian Depository for Securities Limited
CDS's Impact on Capital Market Improvements: Enhancing Efficiency and Risk Management
Understand how the CDS's technological advancements and infrastructure supported initiatives like the T+2 settlement cycle, reducing settlement times and enhancing capital efficiency. Explore its efforts to mitigate credit and market risks, fostering stability in the financial ecosystem.
Fact: The CDS's collaboration with regulatory bodies and industry associations has been instrumental in driving capital market reforms and aligning Canadian practices with global standards. Source: Canadian Capital Markets Association - Publications