Canadian Alternative Reference Rate Working Group
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January 11, 2023
CARR announces development of a Term CORRA benchmark
The announcement today confirms that efforts are underway to develop a 1- and 3-month Term CORRA benchmark with the objective of making such benchmarks available for use by the end of Q3-2023. -
January 11, 2023
CARR and TMX launch webcast series on the transition from CDOR
CARR is pleased to announce the launch of a series of CDOR Transition Webcasts, developed in partnership with TMX. -
December 15, 2022
CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update
The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR). -
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October 7, 2022
CARR agrees to begin process of developing Term CORRA benchmark
On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities.