Speakers
Partner, Financial Services, Toronto
Associate, Financial Services, Toronto
Partner, Financial Services, Toronto
CLE / CPD Credit Information
- British Columbia – General - 0.50
- Ontario – Substantive - 0.50
- Quebec – General credits - 0.50
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.
Joyce Bernasek, Lisa Mantello and Jasmyn Lee of the Osler Financial Services practice group will discuss the fallback language, answer 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).
Agenda 12:00 p.m. – 12:30 p.m.: Lunch 12:30 p.m. – 1:00 p.m.: Presentation
