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CAD – Canadian Overnight Repo Rate Average (CORRA)

Canadian Overnight Repo Rate Average (CORRA): An Alternative Reference Rate for Canadian Financial Markets

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The following 8 datasets are available for resale as part of the CORRA data package:

CAD OIS CORRA

1W – 18M

CAD CORRA Treasury Spreads

2Y – 40Y

CAD Spread CORRA vs BOC Dates

1st BOC Meeting – 7th BOC Meeting

CAD OIS CORRA vs 3M CDOR

1Y – 30Y

CAD CORRA Single Period Swaps

1M, 3M, 6M & 12M curves

CAD OIS CORRA vs USD SOFR

SN – 30Y

CAD OIS CORRA vs EUR ESTR

SN – 30Y

CAD OIS CORRA vs GBP SONIA

SN – 30Y

SUMMARY

By transitioning to CORRA, financial services can ensure they are providing the most accurate and up-to-date information to their clients, and contributing to a more stable and fair financial market.

What is CORRA?

CORRA (Canadian Overnight Repo Rate Average) is a new alternative reference rate for the Canadian dollar overnight market. Enhanced methodology was recommended, and the Bank of Canada (BOC) took over publication in June 2020. It is designed to replace the current reference rate, the Canadian Dollar LIBOR (CDOR), which was phased out at the end of 2021.

How is CORRA calculated?

CORRA is based on actual transactions in the Canadian dollar overnight market, making it more robust and reliable than CDOR. Additionally, it is calculated and published on a daily basis, providing more frequent and up-to-date information. The use of CORRA also promotes greater transparency and fairness in the market.

BENEFITS OF CORRA

Financial services professionals can use CORRA in a variety of ways, including:

Pricing financial products and instruments

Determining interest rates for loans and mortgages

Calculating returns on investment portfolios

Evaluating the performance of financial investments

CAD – Canadian Overnight Repo Rate Average (CORRA)

The following 8 datasets are available for resale as part of the CORRA data package:

By transitioning to CORRA, financial services can ensure they are providing the most accurate and up-to-date information to their clients, and contributing to a more stable and fair financial market.

What is CORRA?

How is CORRA calculated?

Financial services professionals can use CORRA in a variety of ways, including:

Related products

USD – SOFR

CAD – Canadian Overnight Repo Rate Average (CORRA)

The following 8 datasets are available for resale as part of the CORRA data package:

By transitioning to CORRA, financial services can ensure they are providing the most accurate and up-to-date information to their clients, and contributing to a more stable and fair financial market.

What is CORRA?

How is CORRA calculated?

Financial services professionals can use CORRA in a variety of ways, including:

Related products

USD – SOFR

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