Canada’s national securities depository, clearing and settlement hub extends commitment to helping clients more effectively manage systemic and counterparty risk
The Canadian Depository for Securities (CDS), a wholly-owned subsidiary of TMX Group (TSX:X), has today commended The Depository Trust & Clearing Corporation’s (DTCC) subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) on receiving official accreditation from the Global Legal Entity Identifier Foundation (GLEIF).
The GMEI utility operates as the largest Legal Entity Identifier (LEI) issuer by share of the total LEIs issued worldwide.
CDS’s operating subsidiary and registration agent, CDS Clearing and Depository Services Inc. (LEI 549300BMUBP6YOC66N50), has collaborated with DTCC since 2014 to provide entities access to DTCC’s GMEI utility. In addition to the current infrastructure, this agreement allows CDS to provide Canadian securities issuers with a central point of contact to service entities for their securities and issuer identification needs.
CDS is proud to align with other global industry leaders in fulfilling our commitment to providing excellent service and premier products to clients,” said Glenn Goucher, President, CDS. “Our collaboration with an internationally accredited entity like the DTCC’s GMEI utility helps to ensure our clients have access to high quality reference data.
The GLEIF evaluates the suitability of organizations seeking to operate within the Global LEI system as LEI Issuers and Custodians of LEI reference data. The GLEIF accreditation is a globally recognized designation of commitment to data quality and the provision of open and reliable data for unique legal entity data identification management.