Title and statement of responsibility area
General material designation
- Textual record
Other title information
Title statements of responsibility
Level of description
Edition statement of responsibility
Class of material specific details area
Statement of scale (cartographic)
Statement of projection (cartographic)
Statement of coordinates (cartographic)
Statement of scale (architectural)
Issuing jurisdiction and denomination (philatelic)
Dates of creation area
- Winnipeg Commodity Clearing Ltd.
Physical description area
Publisher's series area
Title proper of publisher's series
Parallel titles of publisher's series
Other title information of publisher's series
Statement of responsibility relating to publisher's series
Numbering within publisher's series
Note on publisher's series
Archival description area
Name of creator
The Winnipeg Commodity Clearing Ltd. was a commodities' futures clearing business. It was incorporated in June 1901 under the Corporations Act of the Province of Manitoba as the Winnipeg Grain and Produce Clearing Association. Its sole purpose upon inception was to clear trades effected through the Winnipeg Commodity Exchange. It began doing so in February 1904. In later years, the WCCL cleared Commodity Futures and Options transactions for the Winnipeg Commodity Exchange. This function included ensuring that every trade had an appropriate counter-party, paying and collecting funds as a result of trading, and arranging for the delivery or exercise of items traded.
The Winnipeg Commodity Clearing Ltd. was a member-owned company consisting of numerous shareholders. Only good standing members of the Winnipeg Commodity Exchange could become shareholders. The WCCL was governed by the Canadian Grain Commission, as well as by a Board of Directors, all of whom were representatives of clearing members or clearing members themselves with the exception of one who was an outside director. Board members were elected by shareholders on an annual basis.
In August 1998, the Winnipeg Commodity Exchange ended its nearly century-long association with the Winnipeg Commodity Clearing Ltd. when it announced that their new clearing provider would be the Canadian Derivatives Clearing Corporation (CDCC). The Winnipeg Commodity Clearing Ltd. dissolved and ceased operations on July 31, 1999.
Scope and content
A1998-063 the collection consists predominantly of financial statements and stock certificates of the Winnipeg Grain & Produce Exchange Clearing Association. The collection contains correspondence of Association management with other members, financial institutions and government departments. Also, the general activities of the Association are documented through minute books and other textual records pertaining to annual general meetings.
A1999-085 the collection consists of financial statements, notices of meetings, correspondence, agendas, proxies, minutes, applications, membership listings, draft agreements, memorandums, and by-laws concerning the Winnipeg Commodity Clearing Ltd. The material predominantly concerns the transition of the commodity clearing responsibilities for the Winnipeg Commodity Exchange from the Winnipeg Commodity Clearing Ltd. to the Canadian Derivatives Clearing Corporation and the subsequent dissolution of the WCCL.