About us

Canadian and US-Pay Commercial Paper Program

Canadian Commercial Paper Program

Launched in 1989, the Wheat Board Note Program (WBN) is the CWB's primary source of funding for both Canadian and U.S. dollars. The CWB's Canadian interest rates are based on Government of Canada Treasury Bill rates. Canadian rates are posted to Treasury Bill auction weeks, but the CWB will also consider dates outside of these ranges at the request of the investor. U.S. rates are comparable to U.S. Treasury Bills and the Government of Canada's U.S. Commercial Paper Program (Canada Bills program).

Outstanding WBN as of December 31, 2011:	C$832 million and US$0 million
Maximum Term:	365 days (366 days in a leap year)
Terms of Issuance:	one to 12 months
Minimum Size:	$100,000 with increments of $1,000 thereafter
Currency:	Canadian & U.S. Dollars
Settlement:	Canadian Depository for Securities Ltd. (CDS)
Yield basis:	Discount or interest-bearing

The CWB Commercial Paper program is available through a select group of financial institutions acting as agents on behalf of the CWB:

Members of the WBN dealer group:

BMO Nesbitt Burns
First Canadian Place
3rd Floor, Podium
100 King Street West
Toronto, ON
M5X 1A1
Telephone: 1-800-387-9296
Henry Sanchez, Director, Debt Capital Markets

TD Securities
Ernst & Young Tower
7th Floor
222 Bay Street
Toronto, ON
M5K 1A2
Telephone: (416) 982-3131
Colin Perdue, Vice President, Debt Capital Markets

RBC Capital Markets Inc.
Royal Bank Plaza
P.O. Box 50
South Tower, 2nd Floor
200 Bay Street
Toronto, ON
M5J 2W7
Telephone: (416) 842-6222
Elaine Marcus, Director, Global Debt Markets
Money Markets & Fixed Income, Canada

Scotia Capital Inc
Scotia Plaza, 68th Floor
40 King Street West
Box 4085, Station "A"
Toronto, Ontario
M5W 2X6
Telephone: 416-863-7611
David Ford, Managing Director

Please contact one of the above dealers to receive more information on the program.