Canadian Alternative Reference Rate Working Group
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July 6, 2021
CARR publishes results of consultation, recommended CDOR FRN fallback language
The Canadian Alternative Reference Rate working group (CARR) today published the results of its consultation on its proposed methodology for calculating CORRA-in-arrears as well as draft fallback language for floating rate notes (FRNs) that reference CDOR. -
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April 6, 2021
Bank of Canada to begin publishing CORRA Compounded Index
As administrator of the Canadian Overnight Repo Rate Average (CORRA), the Bank of Canada (Bank) will begin publishing the CORRA Compounded Index effective April 6, 2021. -
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February 9, 2021
CARR welcomes issuance of first compounded in arrears CORRA floating rate note
The Canadian Alternative Reference Rate working group (CARR) welcomes the Royal Bank of Canada’s issuance of the first floating rate note referencing CORRA compounded-in-arrears. -