CDOR Cessation and Credit Agreements – What You Need to Know

Event Information

Date

June 2, 2022

Time

30 Min

Delivery Method

Webinar (On Demand)

Overview

On May 16, 2022, Refinitiv Benchmark Services (UK) Limited (RBSL), the administrator of the Canadian Dollar Offered Rate (CDOR), announced [PDF] that it would cease the calculation and publication of all tenors of CDOR immediately following a final publication on Friday, June 28, 2024.

Join us for an interactive discussion about the cessation of CDOR, the transition to the Canadian Overnight Repo Rate Average (CORRA) and the impact on credit agreements and other debt instruments. Discussion topics include:

  • The impact of Refinitiv’s announcement on Credit Agreements

  • CDOR loan fallback language

  • Transition to CORRA – differences from CDOR (including credit spread adjustments) 

  • Impacts on the financial market – timelines, changes to documentation, and next steps

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