January 31, 2022
Refinitiv Launches Public Consultation on the Potential Cessation of CDOR
TORONTO / NEW YORK / LONDON - Following the publication of the Canadian Alternative Reference Rate (CARR) working group press release, and white paper on December 16th 2021, regarding the future of CDOR, Refinitiv Benchmark Services (UK) Limited (RBSL) has today published a public consultation. The RBSL consultation invites feedback regarding CARR’s findings and recommendation that RBSL ceases publication of all of CDOR’s remaining tenors after the end of June 2024. It will close at 5pm Toronto time on February 28th 2022.
Note that this Refinitiv press release and the issuance of the RBSL consultation do not constitute a decision or a public statement or publication of information that CDOR has ceased or will cease permanently or indefinitely.
Refinitiv has many years of experience designing, calculating, governing, administering and publishing financial benchmarks that lie at the heart of the global financial system and continues to be proactive and at the leading edge in global efforts to reform interest rate benchmarks. In recent years it has supported financial markets around the world to transition to new, evolved or alternative benchmarks. Other interest rate benchmarks administered by RBSL include Term SONIA, USD IBOR Cash Fallbacks and the Tokyo Swap Rate. For more information about Refinitiv benchmarks, visit here.
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With $6.25 billion in revenue, over 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people with choice and opportunity – driving performance, innovation and growth for our customers and partners. For more information visit: www.refinitiv.com.
Refinitiv, London Stock Exchange Group
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