On Demand Webinar

CDOR cessation and credit agreements – Part 2 – what you need to know!

Date of recording

Aug 9, 2022

Time

30 min

Speakers
Lisa Mantello

Partner, Financial Services, Toronto

Joyce M. Bernasek

Partner, Financial Services, Toronto

Jasmyn Lee

Associate, Financial Services, Toronto

CLE / CPD Credit Information

  • Ontario – Substantive - 0.5
  • Quebec – General credits - 0.5
  • British Columbia – General - 0.5

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).

Language:  English

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