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CDS Participant Rules

CDS Participant Rules (CDS Rules)

The CDS Participant Rules govern the operation of CDS clearing and settlement services. With a growing commitment to increase transparency across all areas of CDS clearing and depository services, and to maintain consistency with international standards, the published CDS Rules are available at no cost to all interested parties. For legal and other purposes, the electronic version of the CDS Rules is the official version. Please refer to the Legal Terms and Conditions on this website.

CDS Participant Rules (Release 2018.07.23)

The Rules were amended to reflect the adoption of the proposed Rules amendments relating to:

Elective System-Operating Cap for Extenders of Credit

The current version is entitled "CDS Participant Rules (Release 2018.07.23)".

The new CDS Participant Rules (Release 2018.07.23) are available in both English and French versions. To download the Rules in French, select Français at the top of this page and follow the instructions.