CDS Clearing and Depository Services establishes depository link with CAVALI of Peru



    TORONTO, Aug. 15 /CNW/ - CDS Clearing and Depository Services Inc. (CDS)
is pleased to announce that CAVALI, the central securities depository of Peru,
has been approved to become a CDS participant.
    CAVALI is a public corporation listed on the Bolsa de Valores de Lima -
BVL (Lima Stock Exchange), whose purpose is the registration, custody,
clearing, settlement and transfer of securities, as defined under the Peru
Securities Market Act. Previously a division of the Lima Stock Exchange,
CAVALI began operating as an independent entity after its spin-off from the
BVL in May 1997.
    "The link with CAVALI will facilitate the movement of positions in
securities issued by Canadian companies that are inter-listed on the Lima
Stock Exchange (BVL) and the TSX or the TSX Venture Exchange. This will allow
participants of both depositories to facilitate book-based movements of
inter-listed Canadian securities that are eligible at both depositories within
CDSX." said Mark Weseluck, executive director, Customer Service and Product
Development.
    The link between CAVALI and CDS will be a one-way free of payment link,
whereby CAVALI's account at CDS will be used to effect movements of
inter-listed Canadian securities between Canada and Peru. Monies associated
with trades will be settled as per current practice.
    CDS will advise its participants once CAVALI's account with CDS becomes
operational.

    About CDS Clearing and Depository Services Inc.

    CDS Clearing and Depository Services Inc. is a partner to securities
market participants, providing reliable, cost-effective depository, clearing,
regulatory and information services. As Canada's national securities
depository, clearing and settlement hub, CDS supports Canada's equity, fixed
income and money markets, holding over $3 trillion on deposit and handling
132 million domestic and 22 million cross-border securities trades annually.

    
    Background

    -   Currently, six Canadian mining companies are inter-listed on the
        TSX/TSX Venture Exchange, and the BVL, with two others to follow in
        the near future.
    -   In 2006, the total value of financing on behalf of Canadian companies
        with properties in Peru totaled approximately CAD$1 billion.
    -   Another 23 TSX companies and 40 TSX Venture companies have mining
        properties in Peru.
    -   Canada is the largest mining investor in Peru with an accumulated
        investment of approximately $2.3 billion.
    -   More than 80 Canadian mining companies operate in Peru, including
        mining producers and junior exploration companies.
    





For further information:

For further information: Media contact: Janet Comeau, manager, Corporate
Communications, at (416) 365-8427 or jcomeau@cds.ca

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CDS CLEARING AND DEPOSITORY SERVICES INC.

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