48 6.6 USD-Denominated Securities TSX, TSXV and TSX Alpha support trading of securities denominated in USD. USD-denominated securities are identified through the symbology with the security’s symbol ending with an “.U” suffix. 6.7 Clearing Arrangements All transactions executed are reported to CDS Clearing and Depository Services Inc. at day end for clearing and settlement and management of counterparty and settlement risk. The CDS Participant Rules govern the operation of CDS clearing and settlement services, including risk management. Each PO configures default clearing instructions defined at the firm-wide level. Special clearing instructions can be configured for special traders or trades. 6.7.1 Clearing Give-up Give-up refers to the process where a PO provides special instructions to the TMX to let a trade settle under a different trader ID and/or PO, usually for the purposes of consolidating a derivative position. Contact Trading Services for more information on arranging a give-up. 6.7.2 Special Settlement Terms Orders may be marked with special instructions for settlement. These orders are traded individually, not in relative priority. A special settlement terms order is displayed in the special settlements terms “book” and can be traded with an order that specifically targets that resting order by specifying its intention to trade by matching the resting order’s sequence number. Special settlement terms trades can also be crossed by a broker. TSX Alpha does not support special settlement terms. Special settlement terms supported on TSX and TSXV include: Cash Today, Delayed Delivery, Non-net, and Non-resident. Settlement terms orders will match and trade with each other when the terms on the orders match. 6.8 Erroneous Trade and Trade Amendment Policy In the event that a broker executes an order in error (“erroneous trade”) the broker will be asked to contact the Trading Services desk. The Trading Services desk may, upon request of the broker, contact the other party to the trade to request cancellation of the trade. Both parties to the trade must agree to the trade cancellation or they may elect to contact CIRO for assistance. In the event of a technical, systems, or access problem that has substantially impaired or impacted access or trading, TSX, TSXV or TSXA, as the case may be, has the discretion to cancel an impacted trade without the consent of both parties and subject to CIRO approval. In the event of a trade that requires a change or amendment to price and/or quantity the broker will contact CIRO for approval. If CIRO approves the amendment, they will then contact the TMX Trading Services Desk to instruct TMX to make the change. This policy excludes any requests received by CIRO or other securities regulator to cancel or amend a trade. In the event of a dispute between two brokers, TMX will make available any information required to settle the dispute, subject to any confidentiality restrictions on the disclosure of such information.
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