REFINITIV LAUNCHES CONSULTATION ON FUTURE OF CDOR
Refinitiv Benchmark Services Limited, the administrator for CDOR, issued a consultation paper seeking input from market participants on the potential cessation of the Canadian Dollar Offered Rate (CDOR) benchmark.
The IIAC participates on Refinitiv’s CDOR Oversight Committee which contributed to the publication of the consultation paper. The consultation is in response to the recommendations made December 16, 2021 by the Canadian Alternative Reference Rate Working Group (CARR) to cease CDOR by June 2024.
The IIAC encourages members and other market participants to submit comments to Refinitiv. The consultation period ends February 28, 2022.