Canadian Dollar Offered Rate

Publication of CDOR has ceased

The final publication of all tenors of CDOR was on Friday 28th June 2024. See the CDOR Cessation Reminder Notice (issued on 30th April 2024) or the original CDOR Cessation Notice (issued on 16th May 2022) under Key resources below for more information. The information on this webpage will be kept available for reference purposes.

Former Canadian interest rate benchmark

RBSL was the provider of choice and administrator for the former official benchmark representing interest rates charged by Canadian banks for short-term loans.

RBSL was appointed by a joint committee of the Canadian Bankers Association and the Investment Industry Association of Canada to calculate, distribute and administer the Canadian Dollar Offered Rate (CDOR), a Canadian bankers’ acceptance rate that was essential to the Canadian banking and financial system prior to CDOR’s cessation.

CDOR was administered by Refinitiv Benchmarks Services (UK) Limited (‘RBSL’) up to its cessation on Friday 28th June 2024.

RBSL complied with the Canadian Securities Administrators’ benchmark rule in the administration of CDOR prior to its cessation.

Key resources

features and benefits

What you get with our Canadian interest rate benchmarks

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Canadian Dollar Offered Rate (CDOR)

The rate at which banks are willing to lend to companies.

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Real-time rates

Data at the time of publication up to, but not including, 4pm ET on the day.

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Embargoed rates

Embargoed data is free of charge and made available from 4pm ET.

how it works

Canadian Dollar Offered Rate (CDOR) in more detail

Canadian Dollar Offered Rate (CDOR)

CDOR is the recognized financial benchmark in Canada for bankers’ acceptances (BAs). It is the rate at which banks are willing to lend to companies. We determine CDOR daily from a survey of bid-side rates provided by 6 principal market-makers, including the major Canadian banks.

Real-time rate access to CDOR

Real-time data is defined as data at the time of publication up to, but not including, 4pm ET on the day. To access the Canadian Dollar Offered Rate (CDOR), users will need to enter into a licensing agreement.

Embargoed Canadian Interest Rate Benchmarks

Please submit your details to access the rates at 4pm daily for the:

  • Canadian Dollar Offered Rate (CDOR)

The calculation of Canadian interest rate benchmark is based on an established, published methodology, which is fully aligned with the IOSCO Principles for Financial Benchmarks.

You can use the rates for price discovery in real-time.

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