imported>Doug Williamson |
imported>Doug Williamson |
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| Canadian Dollar Interbank Offered Rate.
| | In certain circumstances financial statements may contain information about a matter which has been appropriately presented or disclosed, but which the auditors deem to be fundamental to the users’ understanding of the financial statements as a whole.<br /> |
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| | The auditors will draw attention to this matter in their auditors' report of their opinion.<br /> |
| | This part of the auditors' opinion is known as an ‘emphasis of matter’. |
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| :<span style="color:#4B0082">'''''Publication of CDOR to cease after June 28, 2024'''''</span>
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| :“Today’s announcement from RBSL provides a clear direction for market participants to transition their activities away from CDOR.
| | == See also == |
| | | *[[Auditors’ report]] |
| :It sets in motion the two-staged transition timeline that CARR had outlined in its December White Paper with derivatives and securities transitioning to CORRA by the end of June 2023, with an extra year for loan products to transition before CDOR ceases to be published,” said Karl Wildi and Harri Vikstedt, CARR co-chairs.
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| :“The Canadian transition will be designed specifically for the needs of the Canadian market, and it will leverage the best practices established through the LIBOR transition.
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| :CARR will work closely with all stakeholders to achieve a transparent and effective transition through to the end of CDOR in June 2024.”
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| :''Bank of Canada - market notice - May 2022.''
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| ==See also== | |
| * [[Bank of Canada]] | |
| * [[BBSW]]
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| * [[Canada]]
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| * [[Canadian Alternative Reference Rate Working Group]] (CARR)
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| * [[Canadian Overnight Repo Rate Average]] (CORRA)
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| * [[Derivative]]
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| * [[IBOR]]
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| * [[InterBank Offered Rate]]
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| * [[MIBOR]]
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| * [[Refinitiv Benchmark Services (UK) Limited]] (RBSL)
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| * [[Security]]
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| * [[SIBOR]]
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| * [[SONIA]]
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| ==External link==
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| *[https://www.bankofcanada.ca/2022/05/carr-welcomes-rbsls-decision-to-cease-the-publication-of-cdor-after-june-28-2024/ Bank of Canada - market notice - 16 May 2022]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]]
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| [[Category:Financial_products_and_markets]]
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In certain circumstances financial statements may contain information about a matter which has been appropriately presented or disclosed, but which the auditors deem to be fundamental to the users’ understanding of the financial statements as a whole.
The auditors will draw attention to this matter in their auditors' report of their opinion.
This part of the auditors' opinion is known as an ‘emphasis of matter’.
See also
