This partnership between CDSC, CMA and CBK is not only an opportunity for CDSC to meet the needs of its customers but also contributes in addressing systemic risks in the settlement of securities. But it is also important that the payment and settlement system and the infrastructure that accompanies it is the driving force in financial markets today.
Ladies and Gentlemen: We implemented a Real Time Gross Settlement System in 2005, a development that significantly enhanced efficiency in the settlement of payments to “Real Time” basis.