Canadian Depository For Securities Limited - CDS

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Depository

    On the simplest level, depository is used to refer to any place ...
  2. In Street Name

    A brokerage account where the customer's securities and assets ...
  3. Book-Entry Securities

    Investments such as stocks and bonds whose ownership is recorded ...
  4. Dematerialization - DEMAT

    The move from physical certificates to electronic book keeping. ...
  5. Settlement Date

    1. The date by which an executed security trade must be settled. ...
  6. Surrender Period

    The amount of time an investor must wait until he or she can ...
Related Articles
  1. Introduction To American Depositary ...
    Investing Basics

    Introduction To American Depositary ...

  2. An Introduction To Depositary Receipts
    Bonds & Fixed Income

    An Introduction To Depositary Receipts

  3. How does a depository bank benefit from ...
    Investing

    How does a depository bank benefit from ...

  4. Does a company's American depositary ...
    Investing

    Does a company's American depositary ...

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center