Creation Link Guide - Canada

03.04.2017

Key features

Yes/NoRemarks
Settlement free of paymentYes 
Settlement against paymentYes

Eligible settlement currency:

  • Canadian Dollars (CAD) and U.S. Dollars (USD) with Canadian counterparties in CDS;
  • USD with US counterparties in the DTC.
Bridge settlementYes 
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYes 
Pre-matchingYes 
Back-to-back processingYes 
AllegementsYes 
Automatic compensationYes 
Registered securitiesYes 
Multi Market SecuritiesYes 
Lending and borrowingYesDebt securities only.
Proxy votingYes 
Investment FundsYes 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo 
Repo servicesNo 
Market restrictionsYesCustomers resident in Canada for tax purposes should refrain holding Canadian securities under certain conditions (Refer to Holding restrictions).
FTTNo 
FATCA GIINYesG6CADL.00003.ME.124
MiscellaneousNo
Type of linkCSD or settlement method
Indirect link through Royal Bank of Canada-The Canadian Depository for Securities Limited (CDS), Toronto
-Depository Trust Company (DTC) for against payment instructions in USD for securities eligible in both DTC and CDS
Indirect link through RBC Investor Services via CDS-DTC for free of payment instructions for securities eligible in both DTC and CDS