00000cam 2200000zi 4500 9.965196 CaOODSP 20260814133341 m o d f cr |n||||||||| 260814e20260629oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-8/2026-31E-PDF Auger, Danny, author. Central clearing in repo markets : do the benefits extend to non-dealers? / Danny Auger [and] Adrian Walton. [Ottawa] : Bank of Canada = Banque du Canada, June 29, 2026. ©2026 1 online resource (ii, 11 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-31 Cover title. Includes bibliographical references (pages 10-11). "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. Repurchase agreements Canada. Fixed-income securities Canada. Conventions de rachat Canada. Valeurs mobilières à revenus fixes Canada. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-31. (CaOODSP)9.958938 PDF 667 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-31-eng.pdf