As well, the Canadian Depository for Securities has been pushing to be able to hold negotiable money market instruments in its depository and to be able to make book entry ownership transfers as soon as possible, a far more efficient process, it believes, than having to take physical possession of the instrument.
By using book entry ownership transfers rather than taking physical possession of a money market instrument, the Canadian Depository for Securities can be more efficient and reduce their own budget.
( z1 possible :ARG1 ( z2 and :op ( z3 efficient :ARG1 ( z4 government-organization :name ( z5 name :op "Canadian" :op "Depository" :op "for" :op "Securities" ) ) :ARG2-of ( z6 have-degree :ARG1 z4 :ARG3 ( z7 more ) ) ) :op ( z8 reduce :ARG0 z4 :ARG1 ( z9 budget :poss z4 ) ) ) :manner ( z10 use :ARG0 z4 :ARG1 ( z11 transfer :ARG1 ( z12 own :ARG1 ( z13 enter :ARG1 ( z14 book ) ) ) :ARG1-of ( z15 instead-of :ARG2 ( z16 take :ARG1 ( z17 possess :ARG1 ( z18 instrument :mod ( z19 market :mod ( z20 money ) ) ) :mod ( z21 physical ) ) ) ) ) ) )