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 effective as a regulatory body.
( z1 possible :ARG1 ( z2 effective :ARG0 ( z3 government-organization :name ( z4 name :op "Canadian" :op "Depository" :op "for" :op "Securities" ) ) :ARG1 ( z5 body :ARG0-of ( z6 regulate ) ) :ARG2-of ( z7 have-degree :ARG1 z3 :ARG3 ( z8 more ) ) ) :manner ( z9 use :ARG1 ( z10 transfer :ARG1 ( z11 own :ARG1 ( z12 enter :ARG1 ( z13 book ) ) ) :ARG1-of ( z14 instead-of :ARG2 ( z15 take :ARG1 ( z16 possess :ARG1 ( z17 instrument :mod ( z18 market :mod ( z19 money ) ) ) :mod ( z20 physical ) ) ) ) ) ) )