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Reforming Canada’s Corporate Actions
CDS
This white paper, developed by TMX Post Trade Innovations Inc. in collaboration with a working group of industry leaders, outlines the key challenges facing Canada’s corporate actions system and presents actionable solutions for modernization.
Key challenges addressed:
Inconsistent data formats increase errors and processing delays.
Lack of Standardization
Fragmented corporate actions data slows decision-making.
Absence of a Centralized Repository
Warrants, tax instructions and worthless securities lack streamlined processes.
Processing Inefficiencies
The top challenges facing corporate actions processing in Canada.
How global best practices can transform Canada's modernization efforts
The role of automation, standardization and technology in improving market operations.
Strategic steps to align with ISO 20022 and enhance cross-border coordination.
Each year, Canada processes over 245,000 corporate actions, impacting market participants and investors alike. However, outdated processes, manual workflows and fragmented data create inefficiencies that increase costs and operational risks. To remain competitive in a global financial landscape, Canada must modernize its corporate actions system.
Inefficiencies in handling inter-listed securities and FX conversions.
Cross-Border Complexities
High reliance on manual data entry drives up costs and risks.
Manual Workflows