CDS proposes amendments to real time continuous net settlement process

Posted on May 6, 2011

CDS Clearing and Depository Services Inc., the national securities depository, clearing and settlement hub, today released proposed amendments to replace the intraday continuous net settlement process (which currently runs four times a day) with a real-time continuous net settlement process. Proposed material amendments to CDS procedures to address the replacement of the process were also published. Both sets of proposals are open for comment for 30 calendar days.

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