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GIC Sensitivities Non-Redeemable is a closed GIC, which periodically pays a fixed coupon and pays the principal at maturity. Redeemable GIC is a GIC where one month after inception till maturity (up to 7 years), the holder has an option to redeem the principal and accrued interest less a penalty based on the "call" rate specified by the exercise schedule; the schedule may include up to six contiguous windows with individual call rates. Prime GIC has a three year maturity. Over two respective 30 day windows, which start on inception anniversary dates, the holder has an option to redeem the principal and accrued interest less penalty interest based on the call rates assigned to the respective windows. Flexible is a one year maturity GIC whose holder has an option to redeem the principal and accrued interest without any penalty from one month after inception till maturity. If the holder chooses to redeem the GIC within the first 30 days after inception, a zero call rate is applied. Key Rate DV01 is the first derivative of the price with respect to a downward shift, measured in basis points, of an individual basis yield curve key rate; Treasury calculates the respective Key Rate DV01 for each input basis yield curve key rate
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