| 000 | 00000nam 2200000zi 4500 |
| 001 | 9.957720 |
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| 003 | CaOODSP |
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| 005 | 20251127080714 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 251127e20251124oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-6/2025-14E-PDF |
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| 100 | 1 |aAdams, Greg, |eauthor. |
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| 245 | 14|aThe dealer-to-client repo market : |ba buoy on a swaying sea / |cGreg Adams, Evan Dudley, Jean-Sébastien Fontaine, Sofia Tchamova, Andreas Uthemann. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cNovember 24, 2025. |
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| 264 | 4|c©2025 |
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| 300 | |a1 online resource (ii, 21 pages) : |bgraphs. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |a[Staff discussion paper = |aDocument d'analyse du personnel], |x1914-0568 ; |v2025-14 |
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| 500 | |aCover title. |
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| 500 | |aIncorrect series statement (Staff analytical note/Note analytique du personnel) printed in this publication. |
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| 504 | |aIncludes bibliographical references (page 21). |
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| 520 | 3 |a"In 2024, the overnight funding market experienced sustained pressure and the benchmark Canadian Overnight Repo Rate Average (CORRA) rose to 7 basis points above the Bank of Canada's target overnight rate. Settlement balances were declining, but hedge fund borrowing also grew by over $30 billion, increasing the client share of total repo volumes. With limited balance sheets and substantial market power, dealers raised clients' rates, which increasingly influenced CORRA. Overall, this episode highlights the effect that dealers' balance sheet constraints and bargaining power have on where CORRA settles but downplays the role of the settlement balances channel in the dealer-to-client market"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aInterest rates|zCanada. |
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| 650 | 0|aCommercial loans|zCanada. |
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| 650 | 0|aDerivative securities|zCanada. |
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| 650 | 0|aMonetary policy|zCanada. |
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| 650 | 6|aTaux d'intérêt|zCanada. |
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| 650 | 6|aPrêts commerciaux|zCanada. |
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| 650 | 6|aInstruments dérivés (Finances)|zCanada. |
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| 650 | 6|aPolitique moneĢtaire|zCanada. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2025-14.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s897 KB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-14-eng.pdf |
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