Canadian Alternative Reference Rate Working Group

• November 30, 2023

  CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR

  In 2021, CARR published “Recommended fallback language for FRNs referencing CDOR” which recommended that CDOR-linked floating rate notes (FRNs), including floating rate NHA MBS, fall back from CDOR to a CORRA fallback rate (“Fallback Rate (CORRA)” as defined in the document).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• November 16, 2023

  CARR publishes recommended conventions for Term CORRA swaps

  Today, the Canadian Alternative Reference Rate working group (CARR) published two recommended conventions for interest rate swaps referencing Term CORRA.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• September 25, 2023

  CARR Meeting (September 25, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• August 29, 2023

  CARR finalizes the allowed uses for Term CORRA

  Today, the Canadian Alternative Reference Rate working group (CARR) finalized its guidance on the allowable use cases for Term CORRA.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• August 28, 2023

  CARR Meeting (August 28, 2023)

  Content Type(s): Meetings Source(s): 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