Banking Products
CANNEX Financial Network (CFN)

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The CANNEX Financial Network (CFN) is a service that supports the processing of GIC transactions between banks and third party brokers.

The benefits of CFN include:

  • Expanded distribution of GICs for banks, trusts and credit unions
  • Expanded inventory of GIC products for third party dealers (IIROC, MFDA, etc).
  • Simplified exchange of information with a secure and reliable process
  • Streamlined process that reduces costs, data errors and turn-around time for GIC transactions.

The features of CFN include:

  • The efficient exchange of GIC transaction data for:
    • Nominee and client name orders
    • Intra-dealer registration requests
    • Inter-dealer transfers
  • The periodic exchange of reconciliation files for GIC holdings and positions
  • Same day net settlement of funds related to purchases, maturities, redemptions, interest and commission payments with settlement service providers

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

  • B2B Bank
    • Laurentian Bank
    • Laurentian Trust
    • LBC Trust
  • Bank of Montreal
    • BMO Mortgage Corp.
    • BMO Trust
  • BlueShore Financial Credit Union
  • Bridgewater Bank
  • Canadian Tire Bank
  • Canadian Western Bank
    • Canadian Western Trust
  • CIBC
  • Coast Capital Savings
  • Community Trust
  • Concentra Bank
  • Duo Bank of Canada
  • Effort Trust
  • Equitable Bank
    • Equitable Trust
  • FirstOntario Credit Union
  • First West Credit Union
  • General Bank of Canada
  • Haventree Bank
  • HomeEquity Bank
  • Home Trust Company
    • Home Bank
  • HSBC Bank
    • HSBC Mortgage Corp.
    • HSBC Trust
  • ICICI Bank Canada
  • Industrial and Commercial Bank of China (Canada)
  • Innovation Credit Union
  • KEB Hana Bank Canada
  • League Savings and Mortgage Company
  • Manulife Bank
    • Manulife Trust
  • MCAN Mortgage Corporation
  • Meridian Credit Union – NEW
  • National Bank
    • Natcan Trust
  • Peoples Trust
  • President’s Choice Bank
  • RFA Bank of Canada (previously Street Capital Bank of Canada)
  • Royal Bank
    • Royal Bank Mortgage Corp.
    • Royal Trust Company
    • Royal Trust Corporation
  • SBI Canada Bank
  • Scotiabank
    • Scotia Mortgage Corp.
    • Montreal Trust
    • National Trust
    • ADS Canadian Bank
  • Shinhan Bank Canada
  • Steinbach Credit Union
  • Sun Life Financial Trust Inc.
  • Vancity Savings
  • VersaBank
  • Wealth One Bank of Canada

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

  • Assante Capital Management Ltd.
  • Assante Financial Management Ltd.
  • B2B Bank Financial Services Inc.
  • BMO Nesbitt Burns Inc.
  • Canaccord Genuity Corp.
  • CI Investment Services Inc. (previously BBS Securities Inc.)
  • CIBC World Markets Inc.
  • Credential Qtrade Securities Inc.
  • Deposit Broker Services Inc.
  • Educators Financial Group
  • Edward Jones Inc.
  • Fidelity Clearing Canada ULC
  • FundEX Investments Inc. – NEW
  • Haywood Securities Inc.
  • Investia Financial Services
  • Investors Group Financial Services Ltd.
  • Investors Group Securities Inc.
  • Leede Jones Gable Inc.
  • Manulife Securities Inc.
  • Manulife Securities Investment Services Inc.
  • MD Financial Management
  • National Bank Independent Network Inc.
  • National Bank Financial Inc.
  • Odlum Brown Ltd.
  • PI Financial Corp.
  • Questrade Inc.
  • Raymond James Ltd.
  • RBC Dominion Securities Inc.
  • RF Securities Clearing (previously GMP Securities L.P.)
  • Scotia Capital Inc.
  • Sterling Mutuals Inc.
  • TD Waterhouse Canada Inc.
  • Worldsource Financial Management Inc.

Administrative Service and Software Providers

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