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CDS COVID-19 Updates

CDS Window Closure

September 18, 2020

Due to a steady increase in the number of active COVID-19 cases in Ontario, Quebec, Alberta and BC, and in light of a potential second wave, CDS window services in Toronto, Montreal, Calgary and Vancouver will continue to remain closed.

CDS business remains fully operational. Participants are able to enter deposit and withdrawal requests into CDSX. Participants must work directly with the appropriate transfer agent(s) to determine specific arrangements for the delivery and receipt of certificates. During the COVID pandemic situation, the CDS Window service, where envelopes are delivered by brokers/custodians to CDS and subsequently forwarded by CDS to Transfer Agents, has temporarily been closed due to the pandemic situation and to ensure the safety of our people.

The closure of our window service does not in any way prevent participants from accepting and processing their clients request for deposits or withdrawals. During this time, CDS is working directly with our clients to provide flexibility and help meet their needs. Deposits and withdrawals can be input directly into the CDSX system for processing, as per normal procedures. CDS is working closely with the Transfer Agents as they are open and accepting requests. Participants can make arrangements and deliver/pick up directly to/from the agents any envelopes or request for deposit or withdrawal. CDS continues to advise our participants and their clients that Courier/Deliveries can be arranged directly between the client/broker/custodian with the Transfer Agents independently of CDS.

As always, we remain committed to providing critical, systemically important services and infrastructure to Canada’s securities industry. Our goal is to deliver consistent and exceptional value to all market participants.

Thank you for your patience and understanding as we all work through these unprecedented times.

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Bulletins
Information regarding pending, ongoing, or completed entitlements and corporate actions for Canadian equity and debt securities.
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User Documentation
CDS procedures that are in effect; CDS Services, International and Technical/Supplemental.
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TRAX
Trade confirmation statistics and information about transfer requests.
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Tax Breakdown Services
Post tax breakdowns for distributions made by mutual fund trusts, mutual fund corporations and limited partnerships.
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ISIN Issuance and Eligibility
Buy ISIN and CUSIP® identifiers online and request eligibility assessment and acceptance of marketable securities within CDSX®,
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Information and Support Services
An efficient, secure and reliable means for participants to manage their assets and reporting obligations.
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The Canadian Depository for Securities

CDS is a valued partner to securities market participants, providing reliable, cost-effective depository, clearing, regulatory & information services.

For the vast majority of securities traded in Canada, CDS is there. In 1970, that meant providing clearing, depository and settlement services for approximately 6,000 exchange trades per day. Today, processing volumes exceed 1.6 million exchange trades daily. We have built our business on a foundation of reliability and assume responsibility for the custody of securities valued at over $4 trillion.

Our track record of reliability and performance has earned world-wide recognition. With continuous network availability, zero days of disruption and an exemplary operational reliability rating, we ensure our customers' access to one of the most reliable systems in the world.

As business evolves, CDS responds to the changing needs and opportunities of its participants and the market. CDS is dedicated to maintaining the trust of its customers.