The Government of Canada Market Functioning Steering Group (GMF) published a consultation paper and an FAQ document today on a proposed fee for failing to settle GoC bond and bill transactions.
GMF was established by the Canadian Fixed-Income Forum in January 2020 to develop a framework for supporting GoC market functioning in a low-rate environment. The proposed fail fee forms part of this framework.
GMF is seeking feedback on the proposed fee’s structure and governance from a broad array of stakeholders that are active participants in the GoC securities market. Responses to the consultation, using the attached template, are requested by by December 9, 2022.
For further information, please contact:
Market inquiries
Senior Director
Financial Markets Department
Bank of Canada
613‑782‑7768
President
Algonquin Capital
416‑306‑8402
Media:
Media Relations
Bank of Canada
Source(s):
Canadian Fixed-Income Forum