Nominee Broker Data Requirements (NBDR)

If a CDIC Member Institution (MI) should fail, Canada Deposit Insurance Corporation may be obliged to make payments to depositors in accordance with deposit insurance rules.  To determine the amounts owing, CDIC would access deposit liability information from the failed MI’s systems and, where applicable, request beneficiary/client information from Nominee Brokers. 

The Nominee Broker Data Requirements (NBDR) outlines the specifications for formatting for the Nominee Broker data submission, which would facilitate CDIC’s calculation of an insurance determination.

The NBDR will also be the specifications Nominee Brokers will use for the submission of data to CDIC for testing purposes.