4502. Definitions

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    1. The following terms have the meaning set out below when used in Rule 4500:

      “best efforts”

      A repurchase agreement or reverse repurchase agreement trade where the buyer assumes the risk that the seller cannot deliver the securities within the specified time.

      “CDSX”

      The CDS clearing and settlement system comprising the Depository Service and the Settlement Service.

      “forward repo”

      A repurchase agreement or reverse repurchase agreement trade that settles later than next day.

      “general collateral”

      Government of Canada debt that is CDSX eligible, including real-return bonds and strips (residuals and coupons). For real-return bonds an all-in price should be used and the coupon exchanged on coupon payment date.

      “inter-dealer broker”

      An organization that provides clients information, electronic trading and communications services for trading in wholesale financial markets.

      “odd-lot”

      A lot less than $25 million for either:

      1. overnight and term general collateral, or
      2. specials, both term and overnight.

    There is no history log for this rule.

    There is no history log for this rule.