{"id":14823,"date":"2022-08-18T17:07:03","date_gmt":"2022-08-18T17:07:03","guid":{"rendered":"https:\/\/margill.com\/?p=14823"},"modified":"2025-10-10T09:08:01","modified_gmt":"2025-10-10T13:08:01","slug":"carr-releases-anticipated-cdor-loan-fallback-language","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/","title":{"rendered":"CARR releases anticipated CDOR loan fallback language"},"content":{"rendered":"<p>On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated\u00a0recommended fallback language for loan agreements\u00a0(the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). The Recommended Language was based on language published by the Alternative Reference Rates Committee (ARRC) and the Loan Syndications &amp; Trading Association (LSTA), both of which are related to the replacement of LIBOR with the Secured Overnight Financing Rate (SOFR), which market participants will be familiar with.<\/p>\n<p>To continue reading this article by\u00a0Lisa Mantello and\u00a0Jasmyn Lee of the Osler law firm, <a href=\"https:\/\/www.osler.com\/en\/resources\/regulations\/2022\/carr-releases-anticipated-cdor-loan-fallback-language\" target=\"_blank\" rel=\"noopener\">follow this link.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated\u00a0recommended fallback language for loan agreements\u00a0(the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). The Recommended Language was [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[421],"tags":[],"class_list":["post-14823","post","type-post","status-publish","format-standard","hentry","category-margill-and-industry-new"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>CARR releases anticipated CDOR loan fallback language - Margill<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"CARR releases anticipated CDOR loan fallback language - Margill\" \/>\r\n<meta property=\"og:description\" content=\"On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated\u00a0recommended fallback language for loan agreements\u00a0(the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). The Recommended Language was [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Margill\" \/>\r\n<meta property=\"article:published_time\" content=\"2022-08-18T17:07:03+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-10-10T13:08:01+00:00\" \/>\r\n<meta name=\"author\" content=\"Kim Ouellette\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kim Ouellette\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\"},\"author\":{\"name\":\"Kim Ouellette\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\"},\"headline\":\"CARR releases anticipated CDOR loan fallback language\",\"datePublished\":\"2022-08-18T17:07:03+00:00\",\"dateModified\":\"2025-10-10T13:08:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\"},\"wordCount\":124,\"articleSection\":[\"Margill and Industry New\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\",\"url\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\",\"name\":\"CARR releases anticipated CDOR loan fallback language - Margill\",\"isPartOf\":{\"@id\":\"https:\/\/margill.com\/en\/#website\"},\"datePublished\":\"2022-08-18T17:07:03+00:00\",\"dateModified\":\"2025-10-10T13:08:01+00:00\",\"author\":{\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\"},\"breadcrumb\":{\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/margill.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CARR releases anticipated CDOR loan fallback language\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/margill.com\/en\/#website\",\"url\":\"https:\/\/margill.com\/en\/\",\"name\":\"Margill\",\"description\":\"Loan Servicing Solutions \/ Interest Calculators\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/margill.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/margill.com\/en\/#\/schema\/person\/fb5fb76af498fd0e71cd304825c2c777\",\"name\":\"Kim Ouellette\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CARR releases anticipated CDOR loan fallback language - Margill","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/margill.com\/en\/carr-releases-anticipated-cdor-loan-fallback-language\/","og_locale":"en_US","og_type":"article","og_title":"CARR releases anticipated CDOR loan fallback language - Margill","og_description":"On August 3, 2022, the Canadian Alternative Reference Rate working group (CARR) published the highly anticipated\u00a0recommended fallback language for loan agreements\u00a0(the Recommended Language) that use the Canadian Dollar Offered Rate (CDOR) as the interest rate benchmark, together with a white paper that provides an overview of the language (the White Paper). 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