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The OSC today published a
proposal to amend functionality of CDS' Continuous Net
Settlement Service buy-in process. Specifically, the changes
would (i) allow the receiver (buyer) to select the specific
deliverers (sellers) they wish to grant or deny extensions to;
(ii) enhance the Deliverer Buy-in List screen to increase
clarity of the status of buy-in extensions; and (iii) introduce a
new option that will allow the receiver to instruct the system to
automatically create repeat buy-ins.
According to CDS, the proposed amendments will provide
processing efficiencies and management flexibility in the buy-in
process. Comments on the proposals will be accepted for 30 days
from today's publication.
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