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008260814e20260629oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-8/2026-31E-PDF
1001 |aAuger, Danny, |eauthor.
24510|aCentral clearing in repo markets : |bdo the benefits extend to non-dealers? / |cDanny Auger [and] Adrian Walton.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJune 29, 2026.
264 4|c©2026
300 |a1 online resource (ii, 11 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-31
500 |aCover title.
504 |aIncludes bibliographical references (pages 10-11).
520 |a"This note examines whether central clearing of repurchase agreements (repos) provides benefits not only to bank-owned dealers but also to non-dealer market participants in Canadian fixed-income markets. While prior research has largely emphasized the dealer perspective—showing that central clearing can reduce funding and balance-sheet costs—less is known about its implications for clients. Given the central role of repos in supporting liquidity and funding in Canadian fixed-income markets, understanding these broader effects is essential for evaluating the potential contribution of central clearing to market efficiency and resilience. This note explores how centrally cleared repos may affect non-dealer participation and considers whether expanded access to clearing could strengthen the overall functioning and stability of core Canadian funding markets"--Abstract, page ii.
650 0|aRepurchase agreements|zCanada.
650 0|aFixed-income securities|zCanada.
650 6|aConventions de rachat|zCanada.
650 6|aValeurs mobilières à revenus fixes|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-31.|w(CaOODSP)9.958938
85640|qPDF|s667 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-31-eng.pdf