CDS Clearing

As Canada's national securities depository, clearing and settlement hub, CDS Clearing and Depository Services Inc. (CDS) supports Canada's equity, fixed income and money markets.

CDS is regulated by the Ontario, Quebec and British Columbia securities commissions and the Bank of Canada, with working and reporting relationships with the Canadian Securities Administrators (CSA), other provincial and territorial securities authorities and the Office of the Superintendent of Financial Institutions.

Systemically important to Canada's capital markets

CDS is pivotal to the integrity and smooth functioning of Canada's capital markets. As a result, CDS has been designated as a securities and derivatives clearing house under the federal Payment Clearing and Settlement Act and is overseen by the Bank of Canada through its regulation of designated systemically important systems, including CDS's CDSX®.

Federal protection-of-securities regulations allow CDS to act as a custodian of securities for federally incorporated institutions, such as banks, trust and loan companies, insurance companies and pension funds.

Confirmations of registered holdings

For security issues not covered under a Registrar and Paying Agent (RPA) agreement, CDS will provide a confirmation of registered holdings upon request for a fee.

Legal Entity Identifier (LEI)

To provide LEI services to entities, CDS has entered into a collaboration with the Depository Trust & Clearing Corporation (DTCC), combining CDS's Canadian market expertise with DTCC's proven and compliant infrastructure for the issuance and maintenance of LEIs, the Global Markets Entity Identifier (GMEI) Utility.

Holders of record

The Holders of Record Reports service provides a listing of the CDS Clearing participants who hold positions at CDS for a requested security.

Participants

CDS has about 100 participant organizations that meet its eligibility criteria.

Information and support services

CDS is considered the authoritative source of information on Canadian entitlements and corporate actions and offers a range of value-added information services that help increase the efficiency and competitiveness of the Canadian financial marketplace.

ISIN Issuance and ISIN Eligibility Services

The ISIN Issuance service provides entities involved with the issuance of new marketable securities with the ability to request and purchase ISIN and CUSIP® identifiers online.

International services

CDS provides a secure, efficient North American gateway between Canada and the U.S. to meet the increasing demand for cross-border clearing and settlement. CDS also has custodial relationships with other depositories facilitate the movement of securities between countries.

Registrar and paying agent

BEO issuers can enjoy all the benefits of CDS Clearing and Depository Services Inc.'s (CDS Clearing) reputation for security and reliability when they enter into a Registrar and Paying Agent agreement with CDS.

Securities depository, custodial, entitlement

As Canada's central depository for securities, CDS is accountable for the safe custody and movement of depository-eligible domestic and international securities, accurate record-keeping, processing post-trade transactions, and collecting and distributing entitlements arising from securities deposited by customers.

Trade clearing and settlement

CDS manages the clearing and settlement of trades in both domestic and cross-border depository-eligible securities through the automated CDSX clearing and settlement system.

CDS NR7-R Certification Service

CDS NR7-R Certification Service (CNCS) is an online web facility for non-resident beneficial holder clients of DTCC’s participants, who qualify to file a claim for a tax refund under Part XIII of the Income Tax Act of Canada.

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