CDS receives input from participants and other customers into its plans for new and enhanced services through committees composed of CDS participant representatives. These committees are the strategic development review committee (SDRC); its debt, equity, entitlements and tax subcommittees; and the risk advisory committee (RAC).
SDRC and subcommittees
The SDRC determines or reviews, prioritizes and oversees CDS-related systems development and other changes proposed by participants and CDS. The SDRC's debt, equity, entitlements and tax subcommittees focus on these specific aspects of the depository, clearing and settlement business. The SDRC also reviews and approves new and revised procedures and user guides for CDS services.
The risk advisory committee functions as an advisory group to CDS on issues regarding the CDSX risk model and reports to the audit committee of CDS's board of directors.
Suggestions from CDS participants and customers welcome
Participants and customers who are not active members of these committees are also encouraged to provide input into CDS's development agenda. To submit a suggestion, please contact your Relationship Manager or Customer Service Representative.
Each request will be forwarded to the appropriate committee for review at its next meeting. CDS will then advise the submitting participant or customer of the proposal's status.
- Strategic development review committee - last Thursday of each month
- Debt and equity subcommittee - 1st Tuesday of each month
- Entitlements and corporate actions subcommittee (including tax processing) - last Tuesday of each month
- Risk advisory committee meetings held as needed, generally bi-monthly on Tuesdays