GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Canadian Depository for Securities Limited

Canadian Depository for Securities Limited
is a registered company.

Synonyms:cds innovations, cds securities management solutions, clearing and depository services
Filed Under: companies-associations, financial-banking
Tags: banking
 

Definition of Canadian Depository for Securities Limited

Canadian Depository for Securities Limited
1. An agency responsible for the automatic processing and clearing of all securities transactions in Canada.

Related Terms and Acronyms:

  • clearing and settlement (C&S)   The process whereby banks collect or pay out for items drawn on or paid into accounts in their institution. This process enables banks to accept each other's cheques and bank drafts for deposit. The Canadian Payments Association operates Canada's clearing system.
  • secondary mortgage market   The trade in home loans that are bundled together and sold as securities to investors. It frees money so more people can get mortgages.
  • security   A tradable financial implement that represents ownership, the rights to ownership or debt.

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