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 save consumers money.
( 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 save :ARG0 z4 :ARG1 ( z9 money :poss ( z10 person :ARG0-of ( z11 consume ) ) ) :ARG2 z4 ) ) :manner ( z12 use :ARG1 ( z13 transfer :ARG1 ( z14 own :ARG1 ( z15 enter :ARG1 ( z16 book ) ) ) :ARG1-of ( z17 instead-of :ARG2 ( z18 take :ARG1 ( z19 possess :ARG1 ( z20 instrument :mod ( z21 market :mod ( z22 money ) ) ) :mod ( z23 physical ) ) ) ) ) ) )