Press, Market notices, Press releases, Canadian Alternative Reference Rate Working Group

• 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.

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

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

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

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• August 3, 2022

  CARR publishes recommended fallback language for CDOR-based loans

  The Canadian Alternative Reference Rate working group (CARR) today published recommended fallback language for new and existing loan agreements where the interest rate benchmark is the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• June 14, 2022

  CARR extends Term CORRA consultation deadline to 30 June

  Reflecting a number of requests for additional time to respond to CARR’s Term CORRA consultation, CARR will now accept comments until June 30, 2022.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• May 16, 2022

  CARR welcomes RBSL’s decision to cease the publication of CDOR after June 28, 2024

  Today, Refinitiv Benchmark Services (UK) Limited (RBSL), CDOR’s regulated administrator, announced the cessation of the publication of CDOR after June 28, 2024.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• January 31, 2022

  CARR welcomes RBSL consultation on the potential cessation of CDOR

  The Canadian Alternative Reference Rate working group (CARR) welcomes the publication by the administrator of CDOR, Refinitiv Benchmark Services (UK) Limited (RBSL), of a consultation document on the potential permanent cessation of the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• December 16, 2021

  CARR publishes White Paper on the recommended future of CDOR

  In October 2020, the Canadian Alternative Reference Rate (CARR) working group was tasked with analyzing the current status of the Canadian Dollar Offered Rate (CDOR) and to make recommendations based on that analysis.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• November 23, 2021

  CARR publishes CORRA-related recommendations and key findings in its review of CDOR

  The Canadian Alternative Reference Rate working group (CARR) today published a set of recommendations aimed at facilitating the widespread use of the Canadian Overnight Repo Rate Average (CORRA) in the Canadian financial system.

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