August 9, 2022
After much anticipation in the Canadian financial market, on August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published recommended fallback language for loan agreements that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language.
Join us for an interactive and in-depth discussion with Lisa Mantello, partner with Osler’s Financial Services practice and Jasmyn Lee, associate, who were actively involved with CARR in drafting the fallback language and white paper. Moderated by Joyce Bernasek, also a partner, in the Financial Services practice, they will answer the most frequently asked questions (including questions you may have about credit spread adjustments and bankers’ acceptances), and talk about their expectations for the transition from CDOR to the Canadian Overnight Repo Rate Average (CORRA).
Ontario – Substantive - 0.5
Quebec – General credits - 0.5
British Columbia – General - 0.5
Partner, Financial Services
Associate, Financial Services