Market Notices

• June 11, 2024

  Changes to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility

  The Bank of Canada is announcing the addition of Secured General Collateral Notes (SGC Notes) as eligible collateral under its Standing Liquidity Facility (SLF), with the intent to support the development of this new market.

  Content Type(s): Press, Market notices
• June 10, 2024

  CARR provides guidance for CDOR-based loans, derivatives and securities that do not have a robust fallback in place for CDOR’s cessation post June 28, 2024

  The Canadian Alternative Reference Rate working group (CARR) is providing guidance to market participants with respect to CDOR-linked loans, derivatives and securities that do not have adequate fallback language to address the cessation of CDOR following the final publication by Refinitiv Benchmark Services (UK) Limited on June 28, 2024 (the “Cessation Date”).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• May 16, 2024

  Move to T+1 settlement for Government of Canada securities auctions

  As of 3 June 2024, all Government of Canada auctions of its treasury bills, bonds and Cash Management Bond Buybacks (CMBB) will be subject to T+1 settlement. This move will follow the Canadian secondary market’s own transition to T+1 settlement, expected to occur on Monday, 27 May 2024.

  Content Type(s): Press, Market notices
• May 13, 2024

  CARR publishes illustrative examples on determining fallback rates on floating rate notes that reference CDOR

  CARR is publishing two presentations to clarify how CARR’s recommended fallback rate for floating rate notes that reference CDOR should be implemented for calculating the coupon and accrued interest post June 2024.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• April 30, 2024

  CARR reiterates that market participants with CDOR-based loans, derivatives or securities must prepare for CDOR’s cessation post June 28, 2024

  Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of CDOR, today reaffirmed that all three tenors of CDOR will cease to be published after June 28, 2024.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• April 25, 2024

  CFIF announces the establishment of the Collateral Infrastructure and Market Practices Advisory Group

  The Canadian Fixed-Income Forum today announced the establishment of the Collateral Infrastructure and Market Practices Advisory Group.

  Content Type(s): Press, Market notices Source(s): Collateral Infrastructure and Market Practices Advisory Group
• April 25, 2024

  Bank of Canada plans to re-introduce its securities lending program

  The Bank of Canada is planning to restart later this year its securities lending program (SLP) which is designed to support the liquidity of Government of Canada (GoC) securities markets.

  Content Type(s): Press, Market notices Source(s): Securities Lending Program, Securities Repo Operations
• April 17, 2024

  Introduction of one-month treasury bill

  In line with the announcement in the federal 2024 Budget, the Government of Canada will be introducing a temporary one-month treasury bill.

  Content Type(s): Press, Market notices
• April 15, 2024

  CARR to begin publishing data on the transition of CDOR based loans to CORRA

  To facilitate the monitoring of the transition away from CDOR based loans to CORRA and Term CORRA, CARR will publish a monthly report on the aggregated outstanding amount of CDOR loans that have not transitioned to other benchmarks, as well as the volume of new loans, including any transitioned loans, referencing CORRA and/or Term CORRA.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• March 14, 2024

  Release of the 2023 Bank of Canada FMI Oversight Activities Annual Report

  The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2023 Annual Report.

  Content Type(s): Press, Market notices