CDS proposes various amendments to rules

Posted on May 7, 2010

CDS Clearing and Depository Services announced proposed amendments to its rules this week to enable the implementation of TRAX, a web application to facilitate communications between transfer agents and participants, as well as to introduce a soft cap and related monitoring mechanism for the net payment obligations of the New York Link service. Both sets of proposals are open for public comment for 30 calendar days from their publication in the OSC Bulletin today.

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