The CDS will develop the plan in line with a trade-processing blueprint for improving clearing and settlement, set out by the Canadian Capital Markets Association (CCMA) in March, a cross industry group.
In providing a solution, CDS hopes to form partnerships with Canada’s Financial Models Company Inc, Omgeo and the Global Straight-Through Processing Association.
The exact form that the solution will take will be announced in the coming months.
– Camilla Klein email@example.com
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