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New Changes To The CDOR Benchmark Are On The Horizon - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. In addition to the latest updates regarding the revocation of the LIBOR reference rate (read the latest on LIBOR practices here), the market must prepare for yet another upcoming shift in the use of reference rates in the financial market. Refinitiv, the administrator of the Canadian Dollar Offered Rate (CDOR), announced on November 12, 2020, that it will abandon the application of the six- and 12-month CDOR tenors. As a result, six-month and 12-month CDOR tenors will cease to apply as a benchmark rate for bankers acceptances (BAs) effective May 17,

What is CDOR? - SWFI

What is CDOR? Posted on 02/08/2021 CDOR stands for the Canadian Dollar Offered Rate. The Canadian Dollar Offered Rate is a daily benchmark for the Bankers’ Acceptance (BA) market. CDOR is published daily at 10:15am ET and individual contributions from panel banks are currently published at the same time as CDOR. CDOR is the executable rate for corporate borrowers with credit facilities with banks that reference CDOR.CDOR is widely used in interest rate swaps, floating rate notes, and other financial products. 5 Tenors 5. 12 Months Refinitiv announced that the 6-month and 12-month CDOR tenors would cease to be published from May 17, 2021. Calculation of CDOR

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