In January 2019 the Investment Industry Regulatory Organization of Canada (IIROC) began publishing transaction-based one- and three-month Bankers’ Acceptance (BA) rates. These rates are published on a delayed basis for informational purposes only and replace the BA rates formerly published on the Bank of Canada website.
The data IIROC uses to calculate the Bankers’ Acceptance rates are transaction-based data delivered daily to IIROC through the Market Trade Reporting System (MTRS 2.0) as required by IIROC Rule 2800C. In May 2018, IIROC also began publishing transaction-based Bond and Money Markets Secondary Trading Statistics, also formerly published by the Bank of Canada. The publication of the BA rates is another step in IIROC’s work with the Bank of Canada to further enhance transparency of the debt market in Canada for the benefit of all market participants.
Key Features and Coverage on RIMES
For this data source, RIMES hosts two money market incices, including 1 and 3 Month BA Rates. Some of the data items available include:
- Database Domain Code
- Last Price Date
- Database Symbol