We are the leading provider of Canadian Payments and sub-custody services and have a deep understanding of our home market, combining innovative technology with an unwavering focus on service excellence and attention to detail in support of you and your clients. We add value through our:

  • Strength and stability, including RBC’s high credit ratings1 and position as Canada’s largest bank2
  • Active involvement in industry initiatives including the:
    • Payments Canada modernization project
    • Swift Global Payments Innovation Initiative
    • Government of Canada FinPay Regulation Committee
    • Open Banking and Digital Currency industry working groups
  • Experienced team of professionals who understand the Canadian market
  • Innovative product and service offering including ongoing service enhancements such as:
    • Back office outsourcing solutions
    • Cheque Pro™ remote deposit capture facility
    • Cash services web portal
    • Paperless lockbox platform

Our Products & Services


Canadian Clearing and Cash Services

› Cash management
› Payment execution
› Indirect clearing and settlement
› Continuous-linked settlement


Canadian Securities Services

› Domestic custody
› Sub-custody


Services to Broker Dealers

› Canadian designated banker services (CDSX support)
› Credit and transactional risk facilities
› Cash management


Trade Finance

› Export letters of credit – (Confirmation/Discounting)
› Trade loans
› Standby letters of credit and guarantees

Our Credentials


Bank in Canada1
Top clearer for CAD payments2
Best trade finance bank in Canada3
Best treasury & cash management bank in Canada3

120+ years

of experience serving financial institutions

AA-          Aa1

Standard & Poor's                  Moody's           

High credit ratings4


bank in Canada3


of top 20 banks use RBC for settlement in CAD5

  1. Market capitalization of Royal Bank of Canada as at August 24, 2023 - S&P Global, FactSet
  2. Payments Canada 2022 based on annual volumes and value of transactions
  3. Global Finance, 2023
  4. Ratings (as at July 31, 2023) for senior long-term debt issued prior to September 23, 2018 and senior long-term debt issued on or after September 23, 2018, which is excluded from the Canadian Bank Recapitalization (Bail-in) regime.
  5. Bloomberg as at January 31, 2022