Standard & Poor's confirms Canadian Derivatives Clearing Corporation's AA
Credit Rating

TORONTO, Dec. 14 /CNW/ - TMX Group Inc. today announced that the Standard & Poor's Rating Services (S&P) has confirmed Canadian Derivatives Clearing Corporation's (CDCC) AA rating, with a stable outlook.  CDCC is the issuer, clearinghouse and guarantor of the Montréal Exchange's exchange-traded derivatives in Canada. 

According to the S&P report, the rating confirmation reflects CDCC's prudent risk management policies and procedures, comprehensive suite of financial safeguards, mutualization of risk, high-quality, liquid collateral, and its continual surveillance and assessment of members' financial condition.

"We are very pleased that S&P has recognized CDCC's strength, as well as the sound management of this vitally important service," said Alain Miquelon, President, Montréal Exchange and Group Head of Derivatives.

CDCC is currently working in partnership with the dealer and user community to develop the infrastructure for central-counterparty services for the Canadian fixed income market.  In addition, CDCC has proposed a domestic clearing solution for other over-the-counter derivatives that is linked to other global derivatives clearinghouses. 

About TMX Group (TSX-X)

TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver.  For more information about TMX Group, visit our website at www.tmx.com.

For further information:

Carolyn Quick
Director, Corporate Communications
TMX Group
416-947-4597
[email protected]