• REVISED: Change in Terminology of Interest Rate Benchmark for USD Cash Balances

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 21-228R
      • Notice Date
      • 29 June 2021
      • Effective Date
      • 29 July 2021

    • REVISED: Interest on Excess Reserves (IOER) Rate being replaced with Interest on Reserve Balances (IORB) Rate as benchmark for interest paid on USD PB cash.

      Click here for the full text of the REVISED advisory.  

      21-228R

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