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.
The Canadian Depository for Securities believes holding money market instruments in their depository instead of having to take physical possession of the instrument will be more efficient.
( z1 believe :ARG0 ( z2 government-organization :name ( z3 name :op "Canadian" :op "Depository" :op "for" :op "Securities" ) ) :ARG1 ( z4 hold :ARG1 ( z5 instrument :mod ( z6 market :mod ( z7 money ) ) ) :location z2 :ARG1-of ( z8 instead-of :ARG2 ( z9 obligate :ARG2 ( z10 take :ARG1 ( z11 possess :ARG1 z5 :mod ( z12 physical ) ) ) ) ) ) :ARG1-of ( z13 have-degree :ARG2 ( z14 efficient :ARG1 z4 ) :ARG3 ( z15 more ) ) )