The Clearing and Settlements job involves the process of settling securities transactions through a clearing corporation. Almost all firms take advantage of the streamlined systems and services offered by centralized clearing corporations, which operate in Canada, the U.S. and Europe. In Canada, the clearing corporation is the Canadian Depository for Securities (CDS). These clearing corporations are very similar in operation to the data processing/cheque clearing centres used by the chartered banks. They act as the other “side” to all trades so that settlement can be simplified and sped up. Most clearing centres also offer some type of depository or storage facility that helps to greatly reduce or even eliminate the physical handling of certificates. Clearing and Settlement jobs are found at the head office, or specialized operations locations, rather than at the branch level.
Avg Salaries from Canadian job sites
Below are the courses and credentials required and/or recommended for this career.