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, will become effective on 13 December 2005.

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.

For further information, please contact:
Nigel Stephens
Financial Markets Division
Department of Finance
613 943-1944
Marc Pellerin
Domestic Debt Management
Bank of Canada
613 782-8429