The Canadian Depository for Securities (CDS) has announced the postponement for the implementation of CDSX (formerly known as system X) due to a number of outstanding issues related to CDSX Risk Model. The implementation was originally scheduled for December 2, 2002.
CIBC Mellon says CDS has put an action plan in place to resolve the outstanding issues. However, at this time they are unable to provide a new implementation date. Updates will be provided as and when new information becomes available.