Brokers typically place deposits for their clients at CDIC member institutions in two ways:

  1. directly in the name of their client (i.e. in-client-name)
  2. holding it (i.e. in trust) for their clients (i.e. in-nominee-name)

This distinction has an important impact on how deposit insurance protection extends to client deposits held at a CDIC Member Institution, with the key difference being the scope of insurance categories that apply to in-client-name brokered deposits and to nominee brokered deposits. This distinction also affects the way CDIC treats these deposits in the unlikely event that one of our member institutions fails.

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