CDOR Cessation
The calculation and publication of all tenors of CDOR will permanently cease immediately following a final publication on Friday June 28, 2024. See the CDOR Cessation Notice under Key Items below for more information.
Our Canadian interest rate benchmark
We are the provider of choice and administrator for the official benchmark representing interest rates charged by Canadian banks for short-term loans.
We were appointed by a joint committee of the Canadian Bankers Association and the Investment Industry Association of Canada to calculate, distribute and administer the Canadian Dollar Offered Rate (CDOR), a Canadian bankers’ acceptance rate that is essential to the Canadian banking and financial system.
Our Canadian interest rate benchmark is administered by Refinitiv Benchmarks Services (UK) Limited (‘RBSL’).
RBSL complies with the Canadian Securities Administrators’ benchmark rule in the administration of CDOR.
Announcements
Refinitiv Responds to White Paper by the Canadian Alternative Reference Rate Working Group Regarding CDOR
TORONTO / NEW YORK / LONDON, December 16, 2021 – Refinitiv acknowledges and responds to the white paper issued today by the Canadian Alternative Reference Rate Working Group (CARR)¹ regarding the future of the Canadian Dollar Offered Rate (CDOR) benchmark. Refinitiv has been engaged with CARR and is fully informed on their review of CDOR. Read the press release
Press Release: Refinitiv designated benchmark administrator for the Canadian Dollar Offered Rate as of 15th September 2021
Ontario Securities Commission and Autorité des marchés financiers announce Refinitiv as the designated benchmark administrator for the Canadian Dollar Offered Rate. Read the press release
Reminder: Calculation and publication of the 6-month and 12-month CDOR tenors ceased from Monday 17 May 2021 onwards.
The last day of publication for the 6-month and 12-month CDOR tenors was Friday 14 May 2021. The 1-month, 2-month and 3-month tenors were not affected by this action. Please see the November 2020 announcement by Refinitiv for further details. A related Canadian Securities Administrators (CSA) staff notice and a related ISDA notice are available.
Key resources
Methodology
CORRA transition to Bank of Canada useful information
CDOR Oversight Committee
features and benefits
What you get with our Canadian interest rate benchmarks
Canadian Dollar Offered Rate (CDOR)
The rate at which banks are willing to lend to companies.
Real-time rates
Data at the time of publication up to, but not including, 4pm ET on the day.
Embargoed rates
Embargoed data is free of charge and made available from 4pm ET.
how it works
Canadian Dollar Offered Rate (CDOR) in more detail
Canadian Dollar Offered Rate (CDOR)
CDOR is the recognized financial benchmark in Canada for bankers’ acceptances (BAs). It is the rate at which banks are willing to lend to companies. We determine CDOR daily from a survey of bid-side rates provided by 6 principal market-makers, including the major Canadian banks.
Real-time rate access to CDOR
Real-time data is defined as data at the time of publication up to, but not including, 4pm ET on the day. To access the Canadian Dollar Offered Rate (CDOR), users will need to enter into a licensing agreement.
Embargoed Canadian Interest Rate Benchmarks
Please submit your details to access the rates at 4pm daily for the:
- Canadian Dollar Offered Rate (CDOR)
The calculation of Canadian interest rate benchmark is based on an established, published methodology, which is fully aligned with the IOSCO Principles for Financial Benchmarks.
You can use the rates for price discovery in real-time.
Canadian Dollar Offered Rate (CDOR) 1
CDOR is the recognized financial benchmark for bankers’ acceptances with a term to maturity of one year or less. CDOR is determined daily from a survey of bid-side rates provided by six principal market-makers, including the major Canadian banks.
Daily quotes delayed at least 6 hours and reflects GMT.
| Date | CDOR 1M | CDOR 2M | CDOR 3M |
|---|---|---|---|
| 25 Apr 2024 | 5.2875 | 5.2825 | 5.2775 |
| 24 Apr 2024 | 5.2875 | 5.2825 | 5.2775 |
| 23 Apr 2024 | 5.2850 | 5.2800 | 5.2750 |
| 22 Apr 2024 | 5.2850 | 5.2800 | 5.2750 |
| 19 Apr 2024 | 5.2850 | 5.2800 | 5.2750 |
The Canadian Dollar Offered Rate (CDOR) is provided by RBSL. RBSL makes no warranty or representation as to the accuracy, timeliness, completeness or correctness of the Rate or to the Rate being uninterrupted or error free or that all errors in the Rate will be corrected.
Neither RBSL, nor its affiliates, nor any of its third party suppliers, shall be liable for any damages or loss that may arise from any reliance by any party on the Rate.
The Rate should not be used, stored, copied, distributed or be made available to third parties.
Access the rates throughout the day
You can use the rate for price discovery in real time.
1 CDOR is calculated and administered by Refinitiv Benchmarks Services Ltd (RBSL). Neither RBSL nor any submitting bank nor their respective affiliates (collectively the “CDOR Disclaiming Parties”) shall be liable in respect of the accuracy or the completeness of or for any errors, omissions, delays or interruptions in CDOR. CDOR is provided “as is” and the CDOR Disclaiming Parties expressly disclaim all warranties, conditions or other terms, express or implied, with respect to CDOR, including any warranty of merchantability, fitness for a particular purpose or satisfactory quality.
