Canadian Depository for Securities
Encyclopedia
The Canadian Depository for Securities Ltd. (CDS Limited) is the world’s second largest post-trade financial services company. It is the holding company
for four operating subsidiaries: CDS Clearing and Depository Services Inc., CDS Securities Management Solutions Inc., CDS INC., and CDS Innovations Inc.
CDS Clearing and Depository Services Inc. (CDS Clearing) is Canada's national securities depository
, clearing and settlement hub supporting Canada's equity, fixed income
and money markets, holding over $3.7 trillion on deposit and processing over 320 million domestic securities trades annually.
Internationally, CDS Clear ing settles almost 40 million cross-border transactions with the U.S. annually, and has custodial relationships with The Depository Trust Company (DTC), Japan Securities Depository Centre, Inc. (JASDEC), Euroclear France and Skandinaviska Enskilda Banken
(SEB).
CDS Limited is owned by major Canadian chartered banks, the Investment Industry Regulatory Organization of Canada and the TMX group Inc., CDS is regulated by the Ontario Securities Commission
, the Autorité des marchés financiers
(AMF) in Québec and the Bank of Canada
, with working and reporting relationships with the Canadian Securities Administrators, other provincial securities commissions and the Office of the Superintendent of Financial Institutions.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for four operating subsidiaries: CDS Clearing and Depository Services Inc., CDS Securities Management Solutions Inc., CDS INC., and CDS Innovations Inc.
CDS Clearing and Depository Services Inc. (CDS Clearing) is Canada's national securities depository
Central Securities Depository
A Central Securities Depository is an organization holding securities either in certificated or uncertificated form, to enable book entry transfer of securities. In some cases these organizations also carry out centralized comparison, and transaction processing such as clearing and settlement of...
, clearing and settlement hub supporting Canada's equity, fixed income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
and money markets, holding over $3.7 trillion on deposit and processing over 320 million domestic securities trades annually.
Internationally, CDS Clear ing settles almost 40 million cross-border transactions with the U.S. annually, and has custodial relationships with The Depository Trust Company (DTC), Japan Securities Depository Centre, Inc. (JASDEC), Euroclear France and Skandinaviska Enskilda Banken
Skandinaviska Enskilda Banken
Skandinaviska Enskilda Banken AB is a Swedish financial group for corporate customers, institutions and private individuals with headquarters in Stockholm, Sweden. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard...
(SEB).
CDS Limited is owned by major Canadian chartered banks, the Investment Industry Regulatory Organization of Canada and the TMX group Inc., CDS is regulated by the Ontario Securities Commission
Ontario Securities Commission
The Ontario Securities Commission is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario...
, the Autorité des marchés financiers
Autorité des marchés financiers (Québec)
The Autorité des marchés financiers is the body mandated by the government of Québec to regulate the province's financial markets and provide assistance to consumers of financial products and services....
(AMF) in Québec and the Bank of Canada
Bank of Canada
The Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...
, with working and reporting relationships with the Canadian Securities Administrators, other provincial securities commissions and the Office of the Superintendent of Financial Institutions.