• USD LIBOR 1W & 2M Tenor Discontinuation - Effective November 3, 2021

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 21-394
      • Notice Date
      • 01 November 2021
      • Effective Date
      • 03 November 2021

    • Please be advised that CME will amend all in-scope USD LIBOR swaps and FRAs affected by the one-week and two-month USD LIBOR tenor discontinuation in the New Release environment on Wednesday, November 3, 2021. Beginning on Wednesday, November 10, 2021, CME will apply updated product validations on new trades referencing the one-week and/or two-month USD LIBOR tenors in the New Release environment.

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

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