SWIFT Code CDSLCAT10MM — CDS CLEARING AND DEPOSITORY SERVICES INC., MONTREAL

About SWIFT Code CDSLCAT10MM — CDS CLEARING AND DEPOSITORY SERVICES INC., MONTREAL

SWIFT code CDSLCAT10MM is the official 11-character branch-specific BIC (Bank Identifier Code) for CDS CLEARING AND DEPOSITORY SERVICES INC. in MONTREAL, Canada. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by CDS CLEARING AND DEPOSITORY SERVICES INC. for all outward international remittances from MONTREAL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CDSLCAT10MM

The code CDSLCAT10MM follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CDSLCAT10MM

Receiving International Wire Transfers

To receive money from abroad at your CDS CLEARING AND DEPOSITORY SERVICES INC. account in MONTREAL, share SWIFT code CDSLCAT10MM with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at CDS CLEARING AND DEPOSITORY SERVICES INC., MONTREAL must provide SWIFT code CDSLCAT10MM. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using CDS CLEARING AND DEPOSITORY SERVICES INC. in MONTREAL rely on SWIFT code CDSLCAT10MM for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for CDS CLEARING AND DEPOSITORY SERVICES INC. →

For cheque clearing or NACH mandates, use the MICR code for CDS CLEARING AND DEPOSITORY SERVICES INC. →

For TDS challan deposits, find the BSR code for CDS CLEARING AND DEPOSITORY SERVICES INC. →

How SWIFT Code CDSLCAT10MM Routes an International Transfer

1. Initiation: The sender provides SWIFT code CDSLCAT10MM and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to CDS CLEARING AND DEPOSITORY SERVICES INC..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CDS CLEARING AND DEPOSITORY SERVICES INC. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CDSLCAT10MM

• Spaces or lowercase letters — Always enter CDSLCAT10MM uppercase with no spaces.
• Using the wrong city — This code is for MONTREAL only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Canada.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm CDSLCAT10MM directly with CDS CLEARING AND DEPOSITORY SERVICES INC.'s MONTREAL branch or via the SWIFT BIC Directory.