OTC IRS New Release Advisory – 2021 ISDA Interest Rate Definitions: New Floating Rate Options - Effective August 16, 2021

CME will begin supporting the 2021 ISDA Interest Rate Definitions in our New Release environment on August 25, 2021. The primary operational and technical impact is support for the new 2021 Floating Rate Option (FRO) labels on new trades submitted to clearing. Thirty-four of the thirty-five FROs CME clearing supports today, under the 2006 ISDA IR Definitions, will have a corresponding FRO label under the 2021 ISDA IR Definitions. Clearing support will continue for OTC IR products referencing the 2006 FRO labels.

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