• Fed Funds and SOFR Maximum Maturity Extension to 51 years in Production

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 20-298
      • Notice Date
      • 03 August 2020
      • Effective Date
      • 03 August 2020

    • CME is extending the maximum maturity of Fed Funds and SOFR OTC Interest Rate products eligible for clearing, pending completion of all regulatory review periods. All OTC swaps referencing Fed Funds and SOFR indices will be eligible to clear out to 51 years (currently 30 years) from the cleared date.

      Click here for the full text of the advisory

      20-298

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