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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.
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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