Canadian Depository for Securities



The Canadian Depository for Securities Ltd. (CDS Limited) is the world's second largest post-trade financial services company. It is the
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
for three operating subsidiaries: CDS Clearing and Depository Services Inc., CDS Securities Management Solutions 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 Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the prin ...
and money markets, holding almost $4 trillion on deposit, processing over almost 374 million domestic securities trades annually. Internationally, CDS Clearing settles over 41 million cross-border transactions with the U.S. annually, and has custodial relationships with
The Depository Trust Company The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and seller ...
(DTC), Japan Securities Depository Centre, Inc. (JASDEC), Euroclear France and
Skandinaviska Enskilda Banken Skandinaviska Enskilda Banken AB (, abbreviated SEB, is a northern European financial services group headquartered in Stockholm, Sweden. In Sweden and the Baltic countries, SEB has a full financial service offering. In Denmark, Finland, Norway, ...
(SEB). CDS Limited is owned b
TMX Group Inc
CDS is regulated by the
Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency which reports to the Ontario legislature through the Min ...
, the Autorité des marchés financiers (AMF) in Québec, the British Columbia Securities Commission and the
Bank of Canada The Bank of Canada (BoC; french: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the '' Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surveys: C ...
, with working and reporting relationships with the Canadian Securities Administrators, other provincial securities commissions and the Office of the Superintendent of Financial Institutions.



External links

CDS Clearing and Depository Services Inc.

CDS Securities Management Solutions Inc.


CDS Innovations Inc.

CDS Limited

CDS Annual Report 2011
Finance in Canada Securities (finance) Central securities depositories