September 13, 2017 BY Valentina Kirilova

CDS Clearing and Depository Services moves to T+2 settlement

Canada's financial industry stands to benefit from shortened securities settlement cycle CDS Clearing and Depository Services Inc. (CDS), Canada's national securities depository, clearing and settlement hub, announced the successful transition to a two day securities settlement period, or T+2, from the previous three day period, or T+3. Thursday, September 7, 2017 marked both the final…

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