As well, the Canadian Depository for Securities has been pushing to be able to hold negotiable money market instruments in its depository and to be able to make book entry ownership transfers as soon as possible, a far more efficient process, it believes, than having to take physical possession of the instrument.
The Canadian Depository has multiple ideas for increasing its efficiency, including using book entry ownership transfers rather than taking physical possession of a money market instrument.
The text only gave one way the organization was trying to improve efficiency, not multiple.