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Canadian interest rate benchmarks

We are the official administrator and calculator of the Canadian Dollar Offered Rate (CDOR).

Our Canadian interest rate benchmarks

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 bankers’ acceptance rate, Canadian Dollar Offered Rate (CDOR), that is essential to the Canadian banking and financial system.

Their selection of Refinitiv is a testament to our global reputation as a trusted, independent, unbiased provider of accurate and current pricing and reference data for a wide range of assets and geographies.


Our Canadian interest rate benchmarks are administered by Refinitiv Benchmarks Services (UK) Limited (‘RBSL’).

Announcement

Refinitiv is the administrator of numerous indices and benchmarks.

Refinitiv assigned Refinitiv Benchmark Services (UK) Limited (‘RBSL’) to be the regulated administrator of certain benchmarks, such as those used within the EU and thus caught by the EU Benchmark Regulation (EU BMR). RBSL is authorized by the FCA, as listed on the ESMA Register, to administer benchmarks under the EU BMR.

The following benchmarks have been moved to be administered by RBSL since the end of December 2019. The migration has happened therefore it’s okay for users to use them prior to the benchmark statement being published in mid-January 2020. 

  • WM/Reuters Spot, Forward and NDF benchmark rates
  • Refinitiv/CoreCommodity CRB® Index
  • Refinitiv Convertible Indices

Going forward, we will continue to carry out our commitment to EU BMR.

Note: For those benchmarks administered by a non-EU entity within Refinitiv (i.e. a third country administrator), Refinitiv has until the end of the BMR Extension Transition period (Dec 2021) to migrate those benchmarks into an authorized benchmark administrator (i.e. RBSL).

Those Refinitiv benchmarks that fall under the BMR Extension Transition period and are under consideration for migration before the end of 2021 are:

  • Tokyo Swap Rates (administered by RAPL, Refinitiv Asia Pacific Limited)
  • Refinitiv Local Currency Indices
  • Refinitiv IX Global ESG Equal Weighted Index
  • Refinitiv IX Global ESG High Dividend Low Volatility Equal Weighted Index
  • Refinitiv IX Western Europe Small & Mid Cap Index
  • Refinitiv GL Large/Mid D&I Ex Controversial Weapons Equal Weight Index
  • Refinitiv Global Equal Opportunities Select Index
  • Refinitiv Global Resource Protection Select Index
  • Refinitiv Europe Equal Opportunities Select Index
  • Refinitiv Country, Regional and Sector Indices
  • Refinitiv Diversity & Inclusion Index
  • Refinitiv Eurozone ESG Select Index

Refinitiv will perform further assessments to the following Refinitiv benchmarks and notify the users in later stage whether Refinitiv will migrate them by Dec 2021:

  • Refinitiv VNIBOR USD Benchmark
  • Refinitiv VNIBOR VND Benchmark
  • Refinitiv VNDFX Spot and Forward Rates
  • Refinitiv VNDFX VND Reference Rate

Features & 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) with a term of maturity of 1 year or less. 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 7 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.