CORRA measures the cost of overnight general collateral funding in Canadian dollars using Government of Canada treasury bills and bonds as collateral for repurchase transactions. The Bank provides CORRA as a public good, at no cost to users and data distributors. See also:
- The CORRA calculation methodology
- The mandate and members of the CORRA Advisory Group
- A summary of errors detected after publication
The CORRA Compounded Index is a measure of the cumulative impact of CORRA compounding over time, starting from a base value of 100 on June 12, 2020. The index can be used to calculate CORRA compounded between any two dates. This index is provided for informational purposes only. See the CORRA Compounded Index methodology and usage.
Recent data: CORRA
Published every business day between 9:00 and 11:00 ET.
|Canadian Overnight Repo Rate Average (CORRA) (%)||0.1800||0.1800||0.1800||0.1800||0.1800|
|Total dollar trading volume of all trades eligible for CORRA ($)||18,002,825,923||20,125,347,776||16,885,458,682||19,094,794,232||16,096,157,892|
|Trimmed dollar volume of trades eligible for CORRA ($)||13,502,119,442||15,094,010,832||12,664,094,012||14,321,095,674||12,072,118,419|
|Number of unique data submitters for CORRA||16||15||13||14||13|
|Rate at which daily CORRA trading volume is trimmed (%)||0.1500||0.1500||0.1500||0.1400||0.1500|
|Rate at 5th percentile of the trimmed trading volume (%)||0.1500||0.1600||0.1600||0.1500||0.1500|
|Rate at 25th percentile of the trimmed trading volume (%)||0.1700||0.1700||0.1800||0.1800||0.1700|
|Rate at 75th percentile of the trimmed trading volume (%)||0.1800||0.1900||0.2000||0.2000||0.1900|
|Rate at 95th percentile of the trimmed trading volume (%)||0.2000||0.2200||0.2000||0.2300||0.2000|
Note: Revised data are marked with an R.
Recent data: CORRA Compounded Index
Published every business day at 11:30 ET.
|CORRA Compounded Index||100.30528529||100.30676926||100.30726392||100.30775859||100.30825325|
Obtain the Daily Compounded CORRA rate (%) for a selected observation period. This rate can be used to calculate the interest amount for a security, such as a floating rate note or for a loan, a derivative or a financial contract that references CORRA. See the methodology and recommended conventions for details.