Press, Market notices, Press releases, Canadian Alternative Reference Rate Working Group - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-18T23:02:36+00:00CARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR
https://www.bankofcanada.ca/2023/11/carr-amends-recommended-fallback-cdor-nha-mbs/
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).2023-11-30T12:00:09+00:00enCARR amends recommended fallback for CDOR NHA MBS, and publishes a guide for Canadian companies transitioning from CDOR2023-11-30CARR publishes recommended conventions for Term CORRA swaps
https://www.bankofcanada.ca/2023/11/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.2023-11-16T12:00:46+00:00enCARR publishes recommended conventions for Term CORRA swaps2023-11-16CARR finalizes the allowed uses for Term CORRA
https://www.bankofcanada.ca/2023/08/carr-finalizes-allowed-uses-term-corra/
Today, the Canadian Alternative Reference Rate working group (CARR) finalized its guidance on the allowable use cases for Term CORRA.2023-08-29T15:00:55+00:00enCARR finalizes the allowed uses for Term CORRA2023-08-29Term CORRA to be launched on September 5, 2023
https://www.bankofcanada.ca/2023/08/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.2023-08-10T12:00:26+00:00enTerm CORRA to be launched on September 5, 20232023-08-10CARR begins publishing CDOR transition related FAQs
https://www.bankofcanada.ca/2023/08/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.2023-08-02T12:00:52+00:00enCARR begins publishing CDOR transition related FAQs2023-08-02CARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone
https://www.bankofcanada.ca/2023/07/carr-recommendations-transitioning-loans-cdor-corra-provides-new-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).2023-07-27T12:00:04+00:00enCARR publishes its recommendations for transitioning loans from CDOR to CORRA and provides a “no new CDOR or BA loan” milestone2023-07-27CARR releases its recommendations for legacy securities tied to CDOR
https://www.bankofcanada.ca/2023/06/carr-releases-recommendations-legacy-securities-tied-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).2023-06-30T11:30:46+00:00enCARR releases its recommendations for legacy securities tied to CDOR2023-06-30CDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins
https://www.bankofcanada.ca/2023/06/cdor-transition-implications-transactions-stage-1-ends-and-stage-2-begins/
The first stage of CARR’s two-staged transition plan will be completed on June 30, 2023. Market participants are expected to have transitioned all new derivative (bilateral, cleared and exchange traded) and securities transactions to CORRA benchmarks, with limited exceptions, after June 30, 2023.2023-06-09T09:00:26+00:00enCDOR Transition – Implications for transactions as stage 1 ends and stage 2 begins2023-06-09Canadian derivatives market hits milestone in transition from CDOR to CORRA
https://www.bankofcanada.ca/2023/04/canadian-derivatives-market-hits-milestone-transition-cdor-to-corra/
For two consecutive weeks, the majority of maturity-weighted notional volume in cleared Canadian dollar interest rate derivatives has been priced using CORRA instead of CDOR.2023-04-25T10:00:50+00:00enCanadian derivatives market hits milestone in transition from CDOR to CORRA2023-04-25CARR publishes impact assessment checklist for market participants with CDOR exposure
https://www.bankofcanada.ca/2023/03/carr-publishes-impact-assessment-checklist-market-participants-cdor-exposure/
The Canadian Alternative Reference Rate working group (CARR) today published an impact assessment checklist to help firms assess and mitigate their exposures to the Canadian Dollar Offered Rate (CDOR).2023-03-28T10:00:01+00:00enCARR publishes impact assessment checklist for market participants with CDOR exposure2023-03-28