TORONTO, May 4 /CNW/ - CDS Clearing and Depository Service Inc. (CDS
Clearing) announced the launch of CDS Securities Management Solutions Inc.,
(CDS Solutions) a new subsidiary that will aim to deliver services to issuers
and their agents.
CDS Solutions will offer the following products and services:
- Online International Securities Identification Number (ISIN) Issuance
and Committee on Uniform Security Identification Procedures (CUSIP)
- Registrar and Paying Agent Service
- Confirmations of Registered Holdings
- Holders of Record Reports
"CDS Solutions represents an opportunity to leverage existing
relationships with issuers and their agents and reach new clients with an
array of services that will serve market needs, while generating revenue that
CDS Clearing can apply to reduce clearing and settlement costs for the
Canadian capital markets," said Mark Weseluck, chief business development
officer, CDS Clearing.
The new company will advocate progressive steps to move issuers to adopt
a purely uncertificated depository environment consistent with CDS Clearing's
aim to achieve the dematerialization of securities.
About CDS Securities Management Solutions Inc (CDS Solutions)
CDS Securities Management Solutions Inc. is a subsidiary of CDS Clearing
and Depository Services Inc. CDS Solutions offers depository-related services
to issuers and their agents to facilitate securities issuance and corporate
actions handling. CDS Solutions is dedicated to promoting the use of
uncertificated issues and electronic payments as an efficient and secure
alternative to paper certificates and cheques.
About CDS Clearing and Depository Services Inc. (CDS Clearing)
CDS Clearing and Depository Services Inc. is Canada's national securities
depository, clearing and settlement hub - supporting Canada's equity, fixed
income and money markets, holding almost $3 trillion on deposit and processing
over $220 billion domestic and cross-border securities trades daily.
For further information:
For further information: Media contact: Janet Comeau, Manager, Corporate
Communications, The Canadian Depository for Securities Ltd. (CDS), (416)