ICE Clear Canada, Inc. is very pleased to announce that on November 26, 2009 the board of directors of CDS Clearing and Depository Services Inc. (CDS) approved its application as a clearing member in the category of Regulated Financial Institution, under the classification of Receiver of Credit.
CDS is Canada's central depository for securities and offers a comprehensive range of depository, custodial and entitlement services, handling over 190 million domestic securities trades annually.
Membership in CDS will permit ICE Clear Canada to directly manage and deal with the pledging of acceptable securities by its registered Clearing Participants for purposes of covering margin and clearing fund obligations.