Market Notices

• July 18, 2023

  Operation Cancellation – Treasury Bill 2023.07.18

  Due to technical difficulties, the Treasury Bill Auction scheduled for 2023.07.18 at 10:30 has been cancelled.

  Content Type(s): Press, Market notices
• 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 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 25, 2023

  CFIF welcomes the launch of the new Canadian Collateral Management Service

  TMX Group Limited and Clearstream Banking S.A. announced plans to launch a Canadian Collateral Management Service (CCMS) later this year.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum
• 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
• March 31, 2023

  Release of the 2022 Bank of Canada FMI Oversight Activities Annual Report

  The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report.

  Content Type(s): Press, Market notices
• 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
• February 7, 2023

  CFEC Releases Results of October 2022 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2022 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• January 27, 2023

  Bank of Canada announces change to maximum bid rate for securities repo operations

  The Bank of Canada is announcing a change to the pricing of the securities repo operations (SRO).

  Content Type(s): Press, Market notices
• January 16, 2023

  CFIF publishes White Paper on the impact of CDOR cessation on Bankers’ Acceptance market

  With the cessation of Canadian Dollar Offer Rate’s (CDOR) publication in June 2024, it is expected that Bankers’ Acceptance (BA) will cease to exist as a money market instrument.

  Content Type(s): Press, Market notices Source(s): Canadian Fixed-Income Forum