<p><span>ISDA has published the following statement in response to yesterday’s announcements by the </span><a href="https://www.bankofcanada.ca/2021/12/carr-publishes-white-paper-recommended-future-cdor/">Canadian Alternative Reference Rate (CARR)</a><span> working group and </span><a href="https://www.refinitiv.com/en/media-center/press-releases/2021/december/refinitiv-responds-to-white-paper-by-the-canadian-alternative-reference-rate-working-group-regarding-cdor">Refinitiv Benchmark Services (UK) Limited</a><span> (RBSL), the administrator of the Canadian Dollar Offered Rate (CDOR).</span></p>