Questions specific to FIs and Dealers

Q. What do the recent program changes mean to me and my customers?

OSBs will no longer be issued. There are no changes to the procedures you currently follow with regards to bond processing.

Q. Will Variable-Rate bonds from active series continue to be re-set until maturity?

Yes. The Variable-Rate Bonds, active series will continue to be re-set annually until their maturity date as per the usual procedure. Rate information is available.

Q. What impact does this announcement have on bondholders?

The only impact of the announcement to bondholders is that OSBs are no longer available for purchase. OSBs that customers currently hold are safe, guaranteed, and will be honoured. The bonds will continue to earn interest until redemption or maturity, whichever comes first.


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