Modifications to the Terms of Participation and the Standard Terms for Government of Canada Auctions

The revised Terms of Participation and the Standard Terms for Government of Canada Auctions, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, are being published today.

The new "Terms of Participation for Government Securities Distributors," "Terms of Participation for Customers," and "Standard Terms for Government of Canada Auctions" incorporate the Changes to the Government Debt Distribution Framework announced on 8 August on the Bank of Canada's website.

The revised Terms are scheduled for implementation in early December 2005.

Questions or comments may be emailed to: .

For further information, please contact:

Nigel Stephens
Chief
Financial Markets Division
Department of Finance
613 943-1944

Marc Pellerin
Principal
Debt Management and Settlement Systems
Bank of Canada
613 782-8429