CARR was launched in March 2018 by the Canadian Fixed-Income Forum to review and enhance CORRA and to consider the creation of a term risk-free Canadian dollar interest rate benchmark that is reliable and resilient to any market stress. CARR ( CARR ) has proposed expanding the range of transactions used to calculate CORRA and introducing a new methodology for calculating the Government of Canada , according to a consultation paper published by RFR . CARR proposed that the RFR would be based on all overnight repo transactions using Government of Canada bonds and treasury bills as collateral. Its recommended calculation methodology is based on the trimmed daily median repo rates of the relevant transactions. The group also announced the launch of two new working groups, two tasked with transitioning widespread use of the RFR and the other with constructing a term RFR benchmark.
CARR ( CARR ) has proposed expanding the range of transactions used to calculate CORRA and introducing a new methodology for calculating the Government of Canada , according to a consultation paper published by RFR . CARR proposed that the RFR would be based on all overnight repo transactions using Government of Canada bonds and treasury bills as collateral. Its recommended calculation methodology is based on the trimmed daily median repo rates of the relevant transactions. The group also announced the launch of two new working groups, two tasked with transitioning widespread use of the RFR and the other with constructing a term RFR benchmark.