CFIF recommends path for winding down BA market ...Middle East

Bankers’ Acceptances (BAs) will no longer be issued by the major Canadian banks after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024. BAs play a major role in Canadian money markets, where they represent a fifth of outstanding assets, and they are important to CDOR submitting banks, which rely on BA rates as an input for determining their daily contributions to the CDOR panel. The CFIF BA Transition Virtual Network (BATVN) has therefore been working closely with key stakeholders to ensure the decline of BAs follows an orderly process in order to limit any negative impacts to market functioning. At CFIF’s September2023 meeting, the BATVN presented a prop

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Last updated : 16 October 2023 clock 10:36 PM

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CFIF recommends path for winding down BA market ...Middle East

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