Canadian Dollar Offered Rate (CDOR)

The Canadian Dollar Offered Rate, named CDOR, is the recognized benchmark index for bankers' acceptances with a term-to-maturity of one year or less. CDOR serves both money and derivative markets: it is employed for the final settlement price for the BAX futures contracts as well as for the OTC derivatives market synthetic instrument calculations like FRAs and swaps.

CDOR is determined daily from a survey of six market makers in bankers' acceptances (BA), including:

  • Bank of Montreal
  • Bank of Nova Scotia
  • Commercial Imperial Bank of Commerce
  • National Bank of Canada
  • Royal Bank of Canada
  • Toronto-Dominion Bank

More information on CDOR can be found on Refinitiv's website.