IBOR Transition Disclosure

INTERBANK OFFERED RATE TRANSITION DISCLOSURES

Around the world, regulators, financial institutions and service providers are working to improve the transparency and reliability of interest rates. RBC is participating in changes to interest rates used for credit facilities, derivatives, and other financial products in multiple jurisdictions and varying currencies. Those developments will result in changes to interbank offered rates set by financial institutions and implementation of new rates announced by regulators.

CDOR (Canadian Dollar Offered Rate) / BA (Bankers Acceptance) Transition Disclosure