Banking Products
CANNEX Financial Network (CFN)

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The CANNEX Financial Network (CFN) is a facility that automates application processing and administration of Term Deposits/GICs. Participants on the CANNEX Financial Network are Product Issuers and advisors from the Dealer Organizations.

CFN benefits all participants:

  • Dealer Organizations have access to a wide array of Product Issuers through CFN.
  • Product Issuers also enjoy access to diversified list of distributors – Dealer Organizations – for their Term Deposits/GICs.
  • All CFN participants benefit from streamlined, electronic processing of their Term Deposit/GIC transactions.
  • CFN simplifies information exchange in a secure, reliable and timely manner.
  • Reduction in costs, data entry errors and turn around time are rewards for all CFN participants.

Features of the CANNEX Financial Network include:

  • The distribution of interest rates, product features and related product information.
  • The uploading and confirmation of both client name and nominee type applications.
  • The periodic exchange of holdings / positions reconciliation files.
  • The same day, net settlement of funds related to purchases, maturities, redemptions, interest and commission payments, via The Canadian Depository for Securities (CDS).
  • The uploading and confirmation of redemption requests.
  • The uploading and confirmation of re-registration requests.

Participants on the CANNEX Financial Network (CFN) – Product Issuers:

  • ATB Financial – New Participant
  • B2B Bank
    • Laurentian Bank
    • Laurentian Trust
    • LBC Trust
  • Bank of Montreal
    • BMO Mortgage Corp.
    • BMO Trust
  • Canadian Tire Bank
  • Canadian Western Bank
    • Canadian Western Trust
  • CIBC
  • Coast Capital Savings
  • Community Trust
  • Concentra Bank
  • Effort Trust – New Participant
  • Equitable Bank
  • Equity Financial Trust
  • First West Credit Union
  • General Bank of Canada
  • HomEquity Bank
  • Home Trust Company
    • Home Bank
  • HSBC Bank
    • HSBC Mortgage Corp.
    • HSBC Trust
  • ICICI Bank Canada
  • Industrial and Commercial Bank of China (Canada)
  • KEB Hana Bank Canada
  • Manulife Bank
    • Manulife Trust
  • MCAN Mortgage Corporation
  • National Bank
    • Natcan Trust
  • Peoples Trust
  • President’s Choice Bank
  • Royal Bank
    • Royal Bank Mortgage Corp.
    • Royal Trust Company
    • Royal Trust Corporation
  • Scotiabank
    • Scotia Mortgage Corp.
    • Montreal Trust
    • National Trust
    • Hollis Canadian Bank
  • State Bank of India (Canada)
  • Steinbach Credit Union
  • Street Capital Bank of Canada
  • Sun Life Financial Trust Inc.
  • TD Bank
    • TD Mortgage Corp.
    • TD Pacific Mortgage
    • Canada Trust Company
  • Vancity Savings
  • VersaBank
  • ZAG Bank

Participants on the CANNEX Financial Network (CFN) – Dealer Organizations:

  • Assante Capital Management Ltd.
  • Assante Financial Management Ltd.
  • B2B Financial Services Inc.
  • BBS Securities Inc.
  • BMO Nesbitt Burns Inc.
  • Canaccord Genuity Corp.
  • CIBC World Markets Inc.
  • Credential Securities Inc.
  • Deposit Broker Services Inc.
  • Desjardins Securities Inc.
  • Edward Jones Inc.
  • Fidelity Clearing Canada ULC
  • GMP Securities L.P.
  • HollisWealth Inc.
  • HollisWealth Advisory Services Inc.
  • Investors Group Financial Services Ltd.
  • Investors Group Securities Inc.
  • Leede Jones Gable Inc.
  • Manulife Securities Inc.
  • Manulife Securities Investment Services Inc.
  • National Bank Financial Inc.
  • Odlum Brown Ltd.
  • PI Financial Corp.
  • Qtrade Securities Inc.
  • Questrade Inc.
  • Raymond James Ltd.
  • RBC Dominion Securities Inc.
  • Scotia Capital Inc.
  • TD Waterhouse Canada Inc.

Administrative Service and Software Providers

The following software vendors have the ability to integrate with CANNEX.