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ARTICLE · 10 OCTOBER 2022

Interest Rates Watch: Canadian Alternative Reference Rates Working Group Agrees To Begin Process Of Developing A Term Corra Benchmark

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Welcome back to our Interest Rates Watch series, developed to provide timely updates and practical advice on developments related to interest rates and benchmarks on a regular basis. As always, we are here to help.

CanadaFinance and Banking
Jennifer Wasylyk
Jennifer Wasylyk
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Welcome back to our Interest Rates Watch series, developed to provide timely updates and practical advice on developments related to interest rates and benchmarks on a regular basis. As always, we are here to help.

Following the announcement of Refinitiv Benchmark Services (UK) Limited, the administrator of the Canadian Dollar Offered Rate (CDOR), that the calculation and publication of all tenors of CDOR will permanently cease following a final publication in June 2024, the Canadian Alternative Reference Rates working group (CARR) launched a public consultation on whether there is a need for a forward-looking term rate based on the Canadian Overnight Repo Rate Average (Term CORRA).

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