TMX | CDCC | Terms of Use Home About CDCC About CDCC About CDCC CDCC CDCC CDCC Biographies Senior Management Legal Entity Identifier (LEI) Membership List FAQ Useful Links Operations Operations Operations Member Support Effective Member Communications IT Operations Services Applying for Membership CDCC Holiday Schedule Foreign Currency Holiday Schedule Exchange-Traded Exchange-Traded Exchange-Traded Equity Fixed Income Foreign Exchange Converge Converge Converge What is Converge Specifications of Customized Transactions Acceptable for Clearing Fees SGC Notes Repo Risk Management Risk Management Risk Management Risk Management Risk Management Risk Management Membership Standards Margining Clearing Fund Collateral Default Management Client Protection Regime Files & Publications Files & Publications Files & Publications Publications Publications Publications Member Notices Delivery Reports CDCC Rules CDCC By-Laws CDCC Governance Quantitative Disclosure Qualitative Disclosure Other Files Files Files Risk Parameters Files Margin Intervals Files Eligible Collateral for Pledging Files Close-out Periods Files Concentration Thresholds Files Volatility Scan Range Files Other Other Other Expiry Schedule Clearing Fees Powered by SOLA® Clearing Member Login Careers Français CDCC Search... Search Search Site HOME About CDCC About CDCC Canadian Derivatives Clearing Corporation (CDCC), a wholly-owned subsidiary of the Montréal Exchange (MX), acts as the central clearing counterparty for exchange-traded derivative products in Canada and for a growing range of customized financial instruments. CDCC's role is to ensure the integrity and stability of the markets that it supports. CDCC Biographies Senior Management Legal Entity Identifier (LEI) Membership List FAQ Useful Links Operations Member Support Effective Member Communications IT Operations Services Applying for Membership CDCC Holiday Schedule Foreign Currency Holiday Schedule Exchange-Traded Exchange-Traded CDCC issues and clears all derivative products traded on MX. Equity MX offers individual and institutional investors, both in Canada and abroad, a wide range of equity, exchange-traded fund (ETF) and index derivative products that are cleared by CDCC. Fixed Income MX offers individual and institutional investors, both in Canada and abroad, a complete range of interest rate derivative products that are cleared by CDCC. Foreign Exchange MX offers individual and institutional investors, both in Canada and abroad, currency derivative products that are cleared by CDCC. Converge Converge Converge offers customized central counterparty clearing services. What is Converge Specifications of Customized Transactions Acceptable for Clearing Fees SGC Notes Repo Risk Management Risk Management Risk Management Membership Standards Margining Clearing Fund Collateral Default Management Client Protection Regime Files & Publications Files & Publications Publications Member Notices Delivery Reports CDCC Rules CDCC By-Laws CDCC Governance Quantitative Disclosure Qualitative Disclosure Other Files Risk Parameters Files Margin Intervals Files Eligible Collateral for Pledging Files Close-out Periods Files Concentration Thresholds Files Volatility Scan Range Files Other Expiry Schedule Clearing Fees Home Terms of Use Terms of Use Please read this agreement of use (the agreement) carefully; it establishes the relationship between you and the Canadian Derivatives Clearing Corporation ("CDCC") concerning the access and use of its Web site www.cdcc.ca and the consultation and use of one or more RSS/XML newsfeeds produced by CDCC and/or its affiliates (RSS Feed(s)). Access to and use of this Web site or consultation and use of the RSS Feeds are subject to the terms of this agreement which are posted on this Web site. By accessing and using this Web site or consulting and using one or more of the RSS Feeds, you acknowledge that you have read, understood and accepted the terms of this agreement and that you agree to be bound by these terms of use. If you do not agree with these terms of use, please do not enter or use this Web site and/or consult and use the RSS Feeds. Modifications Please note that CDCC reserves the right to modify or revise this agreement at any time and without prior notice. You are therefore responsible for consulting on a regular basis the most current version of the agreement posted on this Web site. By continuing to access and use this Web site and/or consult and use the RSS Feeds, after this agreement is modified in whole or in part, you acknowledge that you have accepted the most current version of the agreement posted on this Web site. Undertaking By accessing and using this Web site or consulting and using one or more of the RSS Feeds, you acknowledge and agree that: (1) you have the power to enter into an agreement with CDCC by accepting these terms of use; (2) you assume any risks related to the use of this Web site and its content as well as the RSS Feeds and their content; (3) you will use this Web site, its content and/or the RSS Feeds and their content in accordance with this agreement and not for any illegal purposes or for purposes prohibited by this agreement; (4) you will not use this Web site and/or the RSS Feeds in a manner that damages, shuts down or overloads any of CDCC's (and/or its affiliates') servers or the networks connected to any of CDCC's (and/or its affiliates') servers, or that impedes the use of this Web site or the RSS Feeds by other users; and (5) you will not, through pirating or otherwise, illegally access or attempt to access this Web site, the RSS Feeds, any service, material or information offered through this Web site, a user account other than yours and a computer or network connected to any of CDCC's (and/or its affiliates') servers. CDCC reserves the right to monitor any use you make of its Web site or of its RSS Feeds at any time and at its full and complete discretion. No Advice This Web site is managed by CDCC (and/or its affiliates) and its purpose is to inform clearing members of CDCC and the general public about its operations and the products cleared by CDCC. The information and data contained on this Web site or available through an RSS Feed, including any information or data on its products, is not intended for trading purposes and shall not be interpreted in any jurisdiction as constituting a recommendation, advice, opinion or endorsement concerning the purchase or sale of derivative instruments, underlying securities or any other financial instrument or as constituting legal, accounting, tax, financial, investment or other advice. Past performance is not necessarily indicative of future performance. Therefore, CDCC recommends that you consult your own advisors in accordance with your needs. Hours All times indicated in this Web site are Eastern Time (ET). Software and Spreadsheets The software and spreadsheets available on this Web site are provided as an indication and are not intended to provide investment advice or recommendations. You should not make any investment decision based solely on calculations or values generated using these software and spreadsheets. The theoretical calculations produced by these software and spreadsheets may vary according to the model used. Any software or spreadsheet available on this Web site is protected by copyright, among others, including but not limited to Canadian and foreign intellectual property legislation. You are hereby authorized to access and use these software and spreadsheets, subject to (1) the terms of this agreement; and (2) other terms of access and use of the software and spreadsheets that may be imposed. To the extent that this Web site offers the possibility of downloading software and spreadsheets, you are hereby granted, subject to the terms of this agreement and other terms that may apply to the downloading and use of these software and spreadsheets, a non-exclusive, non-transferable and personal license to: (a) install and use a copy of these software and spreadsheets on a computer outside a network for personal and non-commercial purposes, and (b) reproduce these software and spreadsheets in order to be able to reasonably install, use and create a backup copy of these software and spreadsheets. Ownership, Copyright and Trademarks This Web site and everything available thereon, including, among others, quotes, data, reports, graphics, texts, files, software, spreadsheets, products, drawings, pictures, photographs, audio clips, video clips, RRS Feeds and their content, logos, trade names, business names, trademarks and any other material or element (collectively, the "Content"), including the manner in which the Content is presented or appears and all related information, belongs to, is used under license or is controlled by CDCC, its affiliates or by a third party recognized as a Content supplier (the "Content Supplier"), as the case may be. CDCC and its affiliates grant to you a royalty-free, limited, personal, non-exclusive, non-transferable, revocable license to access, view and download or print a copy of the Content for your strict personal, private and non-commercial use only. All copies you make must retain all notices relating to trademarks and/or copyright. You agree and acknowledge that you do not acquire any title of any kind over this Web site and its Content or over the Content downloaded or printed from this Web site or an RSS Feed. Unless stipulated otherwise herein, it is forbidden for you to use, modify, reverse engineer, decrypt, retrieve, distribute, transmit, broadcast, post on the Internet, represent, reproduce, publish, perform publicly or provide to the public, license, transfer, lease or sell the Content in whole or in part or create works derived from the Content, among others, without the prior authorization of CDCC and/or its affiliates. The Content is protected by copyright, trademarks, patents or other types of intellectual property rights belonging to CDCC, its affiliates or to third parties, as the case may be. In this regard, it is forbidden to use any trademark displayed on this Web site or available through an RSS Feed without the prior written authorization of CDCC, its affiliates or of the third party that owns the trademark. Bourse de Montréal Inc.'s trademarks: Analyste attitré en instruments dérivés (AAID); BAX; Bourse de Montréal et logo; CADC; Canadian Annual Derivatives Conference (CADC); CCAD; Certified Derivatives Analyst (CDA); CGB; CGF; CGZ; Conférence canadienne annuelle des dérivés (CCAD); Converge; Converge et logo; Dessin étoile (logo); Indice MX de volatilité implicite; Indice MX des ventes de straddles couverts; Indice MX des ventes d'options d'achat couvertes; Les options, ça compte; LGB; MCWX; Montréal Exchange et logo; MPCX; MVX; MX; MX Implied Volatility Index; MX Covered Call Writers' Index; MX Covered Straddle Writers' Index; OBX; OGB; ONX; Option Matters; SAM; SOLA; SOLA et logo; SXA; SXB; SXF; SXH; SXO; SXY; Système automatisé de Montréal SAM Montreal Automated System (logo); USX. Bourse de Montréal Inc.'s official marks: Bourse canadienne de produits dérivés; CADC; Canadian Annual Derivatives Conference; Canadian Annual Derivatives Conference (CADC); Canadian Derivatives Exchange; CCAD; Conférence canadienne annuelle des dérivés; Conférence canadienne annuelle des dérivés (CCAD); Dessin étoile (logo); Montreal Automated System (SAM); Système automatisé de Montréal (SAM). Canadian Securities Administrators' trademark: SEDAR®. Barclays Global Investors, N.A.'s trademark: iShares. Canadian Resources Exchange Inc.'s trademarks: CAREX; CAREX Canadian Resources Exchange; CAREX Marché Canadien de Ressources. Chicago Climate Exchange, Inc.'s trademarks: Marché climatique de Montréal, Montréal Climate Exchange, MCeX. Canadian Derivatives Clearing Corporation's trademark: CDCC. McGraw-Hill Companies, Inc.'s trademark: The « S&P » componen…