TMAC would like to share that we have taken steps to build out partnerships with AFP Chapters across Canada, providing you access to a collective Canada-wide series of virtual educational seminars.
This upcoming session, hosted by AFP Montreal, is being offered complimentary to all attendees.
Bank of Canada- CDOR Cessation & The Future of CORRA (Corporate Input Required)
June 22, 2022
12:00pm - 1:30pm
On May 16, 2022, the administrator of the Canadian Dollar Offered Rate (CDOR) announced that it will cease the calculation and publication of CDOR on June 28, 2024. Following this announcement, the Canadian Alternative Reference Rate committee (CARR) published a consultation, seeking market feedback on whether a forward-looking Term CORRA (Canadian Overnight Repo Rate Average) is needed to replace CDOR in certain products.
The CARR consultation describes and seeks feedback on the potential need for a forward-looking Term CORRA for certain loan and hedging agreements.
We look forward to connecting with you virtually soon!
TMAC Toronto Board of Directors
1698 Flamborough Circle
Mississauga, ON L5M 3M7