• Acceptance for Clearing of USD Overnight Index Swaps (OIS) on the Secured Overnight Funding Rate (SOFR) Interest Rate Index - Effective: September 30, 2018

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 18-387
      • Notice Date
      • 27 September 2018
      • Effective Date
      • 30 September 2018

    • Effective Sunday, September 30, 2018 for trade date Monday, October 1, 2018, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) shall amend CME Chapter 901 (“Interest Rate Swaps Contract Terms”) to provide for the acceptance of USD overnight index swaps (“OIS”) on the Secured Overnight Funding Rate (“SOFR”) denominated in USD (the “Contracts”). USD overnight index swaps on the SOFR interest rate index will be available for submission for clearing via CME ClearPort.

      For the full text of this advisory, please click here.

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