The transition from the Canadian Dollar Offered Rate (CDOR) to the Canadian Overnight Repo Rate Average (CORRA) is beginning this month to ensure a smooth transition through to CDOR’s cessation date on June 28, 2024. TMX and the Canadian Alternative Reference Rate working group (CARR) are hosting a series of CDOR to CORRA Transition Webcasts to inform the market of important facts and dates relevant to investors, issuers, borrowers and financial institutions.
These webcasts bring together panelists from the banking industry and market experts to share their insights and perspectives on the benchmark reform in Canada. The series of webcasts will touch on the various facets of the transition, providing practical advice and guidance to market participants.
The first webcast was released on January 31 and subsequent webcasts will follow. Topics will include:
The transition of Canadian derivatives to CORRA
The transition of Canadian cash securities to CORRA
Creating an IOSCO compliant Term CORRA rate
The transition of Canadian loans market to CORRA and Term CORRA
Unlocking Term CORRA - Methodology, Use Cases, Licensing, and More
PwC and CARR held a CDOR webinar focused on lending and hedging, and the transition away from Bankers’ Acceptance.
If you missed Changing lanes: The road ahead post CDOR and BAs, you can now access and view the on-demand recording.
CDOR TRANSITION
Webcast Series
MONTRÉAL EXCHANGE
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Contact Us
For more information, contact our institutional sales team at irderivatives@tmx.com.
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Keep abreast of the CDOR to CORRA transition
Following client validation, Montréal Exchange plans to convert all eligible BAX futures to equivalent 3M CORRA futures contracts in Q2 2024.