What is ‘Canadian Depository For Securities Limited – CDS’
Canada’s national securities depository, clearing and settlement hub. The Canadian Depository for Securities Limited, widely known by its acronym CDS, provides reliable and cost-effective depository, clearing and settlement services to participants in Canada’s equity, fixed income and money markets. It was incorporated in June 1970, in response to rising costs for back-office functions and increased trading volumes in the Canadian capital market. CDS holds over $3.5 trillion on deposit, and handles more than 360 million domestic and cross-border securities trades annually.
Explaining ‘Canadian Depository For Securities Limited – CDS’
CDS’s responsibilities include the safe custody and movement of securities, post-trade transactions processing, accurate record-keeping and the collection and distribution of securities entitlements such as dividends and interest payments. CDS is regulated by the securities commissions of Ontario and Quebec, and the Bank of Canada.
Further Reading
- Accessing Canadian federal information: a depository program for the twenty-first century? – www.tandfonline.com [PDF]
- How important is precautionary saving? – www.mitpressjournals.org [PDF]
- Unemployment risk and precautionary wealth: Evidence from households' balance sheets – www.mitpressjournals.org [PDF]
- Bank failures and the cost of systemic risk: Evidence from 1900 to 1930 – www.sciencedirect.com [PDF]
- Financing the American Corporation: The Changing Menu of Financial Rela-tionships – www.nber.org [PDF]
- Repo Agreements and Re BBS Inc. and AMC – heinonline.org [PDF]
- Inter‐corporate ownership and diversification in the Canadian economy 1976‐1995 – www.emerald.com [PDF]
- An economic analysis of bank-issued market-indexed certificate of deposit–an option pricing approach – www.inderscienceonline.com [PDF]
- CDS pricing and accounting disclosures: Evidence from US bank holding corporations around the recent financial crisis – www.sciencedirect.com [PDF]
