CDS Participant Rules
The CDS Participant Rules govern the operation of CDS clearing and settlement services. With a growing commitment to increase transparency across all areas of CDS clearing and depository services, and to maintain consistency with international standards, the published CDS Rules are available at no cost to all interested parties. For legal and other purposes, the electronic version of the CDS Rules is the official version. Please refer to the Legal Terms and Conditions on this website.
The Rules were amended to reflect the adoption of the proposed Rules amendments relating to:
Timing of Novation
The current version is entitled "CDS Participant Rules (Release 2016.09.26)".
The new CDS Participant Rules (Release 2016.09.26) are available in both English and French versions. To download the Rules in French, select Français at the top of this page and follow the instructions.