Canadian Alternative Reference Rate Working Group

• August 10, 2023

  Term CORRA to be launched on September 5, 2023

  In January, CARR announced the development of a Term CORRA benchmark that was designed to be a robust benchmark that adheres to IOSCO’s Principles for Financial Benchmarks.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• August 2, 2023

  CARR begins publishing CDOR transition related FAQs

  Today, the Canadian Alternative Reference Rate working group (CARR) begun publishing a set of frequently asked questions (FAQs) on its website to provide clarity on various aspects of the CDOR transition.

  Content Type(s): Press, Market notices Source(s): 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