Publications

CDS Post Trade Modernization (PTM) Project - January 2025

Please find below the Notice and Request for Comments for the following Forms:

Notice and Request for Comments

• Application for Participation (English) - CDSX001
• CDS Onsite Contingency Service Access Request (English) - CDSX840
• Customer Access Request Form - Permanent Access (English) - CDSX601
• Customer Security Administrator Request (English) - CDSX107
• Deposit/Withdrawal Adjustment Request (bilingual) - CDSX104B
• InterLink/SWIFT Service CDSX MessagesRequest (Custodian) (English) - CDSX757
• InterLink/SWIFT Service — Messages Request (Participant) (English) - CDSX377
• Ledger Profile (English) - CDSX027
• Selection of Services (English) - CDSX789
• Service Access Administrator Request (English) - CDSX106
• Services Eligibility - Ledger (English) - CDSX798
• Start-Up Package Checklist (English) - CDSX229
• Test Region Request (English) - CDSX844
• Trade Matching Profile for Non-IIROC Members (English) - CDSX800
• BCP Form - CDSX840B

In addition, certain Forms will be decommissioned as part of the project. Please find below the Notice and Request for Comments for such Forms.

Notice and Request for Comments

• CDS Book Entry Strip Reconstitution Request - Foreign Market Debt Securities (English) - CDSX257
• CDS Book Entry Strip Request (English) - CDSX047
• CDS Book Entry Strip Request - Foreign Market Debt Securities (English) - CDSX007
• CDS Strip Bond Fraction Request (English) - CDSX225
• Customer Dial Up Access Request Form (English) - CDSX086
• Error Corrections to Listed Trades (English) - CDSX535
• ISIN/CDS Request for Strip Components - Equities (English) - CDSX046
• Issue Profile (Bilingual) - CDSX101B
• Issuer Legal Opinion Cover Letter (English) - CDSX832
• Issuer Letter of Authorization (English) - CDSX831
• Matched Institutional Trade Interface Service - Appointment and Authorization of Virtual Matching Utility (VMU) (English) - CDSX808
• NSCC QSR Attachment #1 Tri Party Agreement (English) - CDSX850
• NSCC QSR Attachment 1 Dual Agreement (English) - CDSX849
• Network Services Application Form (English) - CDSX846
• Network Services Application Form Non-Participant (English) - CDSX847
• Network Services Application Form Transfer Agent (English) - CDSX848
• New York Clearing Services Same-Day Value Wire Payment Instructions (English) - CDSX259
• Notice of Record and Meeting Dates (English) - CDSX166
• Québec Municipal Bonds Withdrawal Rejection / Refus de retrait d'obligations municipales du Québec (bilingual) - CDSX272B
• Québec Municipal Bonds Withdrawal Rejection / Refus de retrait d'obligations municipales du Québec (bilingual) - DOC272B
• RMS FTP/SFTP Transmission Request (English) - CDSRMSFTP
• Reconstitution Reservation Request - Canadian Market Securities (English) - CDSX237
• Reconstitution Reservation Request - Foreign Market Debt Securities (English) - CDSX098
• Report Management System Batch Report Request (English) - CDSX219
• Report Management System User ID Request (English) - CDSX220
• Report for Holders of Record (English)
• Request for Holiday Profile Update (English) - CDSX269
• Request for VMU and Service Set Up (English) - CDSX807
• Special Representative Consent (English) - CDSX770
• Strip Bond Monthly Report Service Subscription Form (English) - CDSX816
• Strip Bond Schedule of Authorized Users (English) - CDSX817
• User Profile (English) - CDSX126
• Web Administrator Request (English) - CDSX842
• Web Services Request for CDS Participants (English) - CDSX843
• Withholding Statement (English) - CDSX753

CDS Post Trade Modernization (PTM) Project - December 2024

CDS is re-publishing for comment two (2) External Procedures subject to material changes since October 2024. For each External Procedure, CDS is providing the following documents (in that order):

1. Revised notice;
2. Updated Appendix A (details of material changes);
3. Compared version with the October 2024 version of the External Procedures;
4. Compared version with the current version of the External Procedures; and
5. Clean version of the External Procedures
   • Participating in CDS Services
   • Trade and Settlement Procedures

At the outset of PTM, CDS intended to consolidate risk-related provisions found in the External Procedures Participating in CDS Services in one document designated as the "CDS Risk Procedures". In November 2024, CDS decided not to present the CDS Risk Procedures to its Participants, and the Regulators for approval. Instead, CDS recommended updating the Participating in CDS Services document. As a result, for PTM, Participating in CDS Services would remain the single document containing risk management content, as is currently the case today for CDSX.

Please find below a Notice of Withdrawal with respect to the "CDS Risk Procedures" published in April 2021.

• Notice of Withdrawal - New Risk Procedures

CDS Post Trade Modernization (PTM) Project - October 2024

Please find below Notices and Requests for Comment for the following External Procedures:

• ATON Participant Procedures
• CDS DTC Cross-Border Movement Service Participant Procedures
• CDS Delivery Services Participant Procedures
• CDSX Procedures
• Depositary, Withholding and Paying Agent Procedures
• DTC Direct Link Participant Procedures
• Issue and Entitlement Procedures Other Securities
• Money Market Issue and Entitlement Procedures
• New York Link Participant Procedures
• Participating in CDS Services
• Pledge and Settlement Procedures
• Trade and Settlement Procedures
• Transfer Agent Procedures
• US Deposit and Withdrawal Procedures
• Decommissioned Procedures

CDOR Cessation Initiative

• Regarding fallbacks for securities referencing the Canadian Dollar Offered Rate (CDOR)
• Schedule A template to direction to CDS regarding the fallback rate for CDOR referencing securities

Notice of Effective Date - CDS Procedures & Financial Risk Model - Transition to T+1 Settlement Cycle

• Technical Amendments to CDS Procedures
• Procedures (Clean and Blackline)
• Technical Amendments to CDS Financial Risk Model Document
• CDS Financial Risk Model (Blackline)

Proposed Clean-up Changes to CDS Participant Rules

Links to the published Notice and Request for Comments on CDS Rules Clean-up Review:

• OSC Notice
• CDS Rule Materials Available for Review

Proposed PTM Related Amendments to CDS Participant Rules

Links to the published Notice and Request for Comments on CDS PTM Related Rule Amendments:

• OSC Notice
• CDS Rule Materials Available for Review

Annual Reports

• 2023 Annual Report (PDF)
• 2022 Annual Report (PDF)
• 2021 Annual Report (PDF)
• 2020 Annual Report (PDF)
• 2019 Annual Report (PDF)
• 2018 Annual Report (PDF)
• 2017 Annual Report (PDF)
• 2016 Annual Report (PDF)
• 2015 Annual Report (PDF)
• 2014 Annual Report (PDF)
• 2013 Annual Report (PDF)
• 2012 Annual Report (PDF)
• 2011 Annual Report (PDF)
• 2010 Annual Report (PDF)

Other

• Quantitative Disclosure Report - CDS (as at end of Q3 2024) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2024) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2024) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2024) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2023
• Quantitative Disclosure Report - CDS (as at end of Q1 2024) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2024) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q4 2023) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2023) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q3 2023) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2023) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2023) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2023) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2023) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2023) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q4 2022) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2022) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2022
• Quantitative Disclosure Report - CDS (as at end of Q3 2022) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2022) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2022) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2022) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2022) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2022) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q4 2021) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2021) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2021
• Quantitative Disclosure Report - CDS (as at end of Q3 2021) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2021) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2021) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2021) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2021) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2021) (PDF)
• CDS Canada’s Transition to T+1
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2020
• Quantitative Disclosure Report - CDS (as at end of Q4 2020) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2020) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q3 2020) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2020) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2020) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2020) (PDF)
• Memorandum Of Understanding - February 8, 2018 (PDF)
• CDS Financial Risk Model (PDF)
• Minimum Internal Control Standards on Money Market Securities Issuance (PDF) - August 16, 2018
• Minimum Internal Control Standards on Non-Money Market Securities Issuance (PDF) - August 16, 2018
• Clearing and Depository Controls 2010 (PDF)
• White Paper: CDS Move to T+2 (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2020) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2020) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2019
• Quantitative Disclosure Report - CDS (as at end of Q4 2019) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2019) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q3 2019) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2019) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2019) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2019) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2019) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2019) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2018
• Quantitative Disclosure Report - CDS (as at end of Q4 2018) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2018) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q3 2018) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2018) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2018) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2018) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2018) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2018) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2017
• Quantitative Disclosure Report - CDS (as at end of Q4 2017) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2017) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q3 2017) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q3 2017) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2017) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2017) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2017) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2017) (PDF)
• Qualitative Disclosure Under CPMI-IOSCO Principles for Financial Market Infrastructures – December 31, 2016
• Quantitative Disclosure Report - CDS (as at end of Q4 2016) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q4 2016) (PDF)
• Quantitative Disclosure Report – CDS (as at end of Q3 2016) (PDF)
• Qualitative Notes to Quantitative Disclosure – CDS (as at end of Q3 2016) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q2 2016) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q2 2016) (PDF)
• Quantitative Disclosure Report - CDS (as at end of Q1 2016) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS (as at end of Q1 2016) (PDF)
• Quantitative Disclosure Report - CDS Q2 2016 (as at end of Q4 2015) (PDF)
• Qualitative Notes to Quantitative Disclosure - CDS Q2 2016 (as at end of Q4 2015) (PDF)
• Quantitative Disclosure Report – CDS Q1 2016 (as at end of Q3 2015) (PDF)
• Qualitative Notes to Quantitative Disclosure – CDS Q1 2016 (as at end of Q3 2015) (PDF)

Auditors' Compliance Report

On an annual basis, CDS engages an independent auditor to conduct an audit and prepare a report in accordance with established audit standards regarding CDS' compliance with the approved Fee and Rebate Model described in the CDS Recognition Order with the Ontario Securities Commission and in the Recognition Decision of the Autorite des marches financiers, both dated July 4, 2012.

• 2023 Report
• 2022 Report
• 2021 Report
• 2020 Report
• 2019 Report
• 2018 Report
• 2017 Report
• 2016 Report
• 2015 Report
• 2014 Report
• 2013 Report

Public Comment Projects

• Notice and Request for comments: Proposed Material Amendments to CDS procedures related to Continuous Net Settlement Supplemental Liquidity Fund Enhancement for the Continuous Net Settlement Service
• Notice of effective date - Proposed Amendment to CDS Procedures and Fee Schedule related to Cessation of Euroclear France and SEB Link Service
• Notice of Effective Date - Lynx High-Value Payment System Pass-Through
• Notice and Request for Comments - Proposed Amendment to CDS Fee Schedule re Lynx High-Value Payment System Fees
• Notice and Request for Comment – Proposed Material Amendments to CDS Procedures and Fee Schedule related to Cessation of Euroclear France Link and SEB Link Services
• Publication of Comments Received: Notice and Request for Comments – Material Amendments to CDS External Procedures - Amendments to the External Procedures related to the Participant Fund administered by CDS for the New York Link Service
• Notice and Request for Comment – Material Amendments to CDS Participant Rules related to CDS Clearing and Depository Services Inc. (CDS) - New York Link Service Investment Committee
• Notice posted February 25, 2021 - CDS Proposed Significant Change to Eliminate Fee Rebate Model and Proposed Amendments to Eliminate Network Connectivity Fees and to Eliminate Report Transmission Fee
• Notice posted December 19, 2019 - CDS Clearing and Depository Services INC. (CDS) Proposed Significant Change to Eliminate CDS Fee Rebates Proposed Amendments to Eliminate Network Connectivity Fees
• Fee Change Implementation Notice Effective March 1^st, 2017
• Notice of March 2017 Effective Date of Amendments to CDS Fee Schedule for Entitlements & Corporate Action Events Management and ISIN Issuance and CDS Eligibility Services
• Notice of OSC Approval of Amendments to Fee Schedule
• Notice of AMF Approval of Amendments to Fee Schedule
• Proposed Amendments to CDS Fee Schedule
• 2014 Issuer Services Program *retracted*