On December 23, 2014, CDS Clearing and Depository Services Inc. (“CDS”) entered into a new US$400 million secured standby liquidity facility. The new facility is available to provide liquidity to support processing and settlement activities in the event of certain CDS participant defaults.
Borrowings under this facility are obtained by pledging or providing collateral pledged by CDS participants primarily in the form of debt instruments issued or guaranteed by federal, provincial and/or municipal governments in Canada or US treasury instruments.
As Canada's national securities depository, clearing and settlement hub, CDS supports Canada’s equity, fixed income and money markets.
CDS was advised by a team of Fasken lawyers consisting of Jon Levin and John Elias (banking & finance) and William Bies (tax).
Borrowings under this facility are obtained by pledging or providing collateral pledged by CDS participants primarily in the form of debt instruments issued or guaranteed by federal, provincial and/or municipal governments in Canada or US treasury instruments.
As Canada's national securities depository, clearing and settlement hub, CDS supports Canada’s equity, fixed income and money markets.
CDS was advised by a team of Fasken lawyers consisting of Jon Levin and John Elias (banking & finance) and William Bies (tax).
