July 31, 2023
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July 27, 2023
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).
CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
July 18, 2023
Following the cancellation today of the 2023.07.18 Treasury Bill Auction, the Bank has resolved the technical difficulties and is rescheduling the auction on Wednesday, July 19 at 10:30 a.m
Treasury Bill 2023.07.18 auction rescheduled
Content Type(s):
Press,
Market notices
July 18, 2023
Due to technical difficulties, the Treasury Bill Auction scheduled for 2023.07.18 at 10:30 has been cancelled.
Operation Cancellation – Treasury Bill 2023.07.18
Content Type(s):
Press,
Market notices
June 30, 2023
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).
CARR releases its recommendations for legacy securities tied to CDOR
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
June 9, 2023
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.
CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
May 25, 2023
TMX Group Limited and Clearstream Banking S.A. announced plans to launch a Canadian Collateral Management Service (CCMS) later this year.
CFIF welcomes the launch of the new Canadian Collateral Management Service
Content Type(s):
Press,
Market notices
Source(s):
Canadian Fixed-Income Forum
April 25, 2023
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.
Canadian derivatives market hits milestone in transition from CDOR to CORRA
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group
March 31, 2023
The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report.
Release of the 2022 Bank of Canada FMI Oversight Activities Annual Report
Content Type(s):
Press,
Market notices
March 28, 2023
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).
CARR publishes impact assessment checklist for market participants with CDOR exposure
Content Type(s):
Press,
Market notices
Source(s):
Canadian Alternative Reference Rate Working Group