Canadian Alternative Reference Rate Working Group

• July 27, 2023

  CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone

  Today, the Canadian Alternative Reference Rate working group (CARR) published a set of documents that will help support the transition of the Canadian loan market from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• July 24, 2023

  CARR Meeting (July 24, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• June 30, 2023

  CARR releases its recommendations for legacy securities tied to CDOR

  Today, the Canadian Alternative Reference Rate working group (CARR) published its paper on legacy securities linked to CDOR (i.e. securities referencing CDOR that mature after CDOR’s cessation).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 26, 2023

  CARR Meeting (June 26, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• June 9, 2023

  CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins

  The first stage of CARR’s two-staged transition plan will be completed on June 30, 2023. Market participants are expected to have transitioned all new derivative (bilateral, cleared and exchange traded) and securities transactions to CORRA benchmarks, with limited exceptions, after June 30, 2023.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• May 23, 2023

  CARR Meeting (May 23, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• April 25, 2023

  Canadian derivatives market hits milestone in transition from CDOR to CORRA

  For two consecutive weeks, the majority of maturity-weighted notional volume in cleared Canadian dollar interest rate derivatives has been priced using CORRA instead of CDOR.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• April 24, 2023

  CARR Meeting (April 24, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• March 28, 2023

  CARR publishes impact assessment checklist for market participants with CDOR exposure

  The Canadian Alternative Reference Rate working group (CARR) today published an impact assessment checklist to help firms assess and mitigate their exposures to the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• March 27, 2023

  CARR Meeting (March 27, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group