• OTC IRS Production Advisory – USD LIBOR 1W & 2M Tenor Discontinuation

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 21-423
      • Notice Date
      • 16 November 2021
      • Effective Date
      • 16 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 Production environment on Friday, November 19, 2021, following the close-of-business. Beginning on Monday, November 22, 2021, CME will apply updated product validations on new trades referencing the one-week and/or two-month USD LIBOR tenors.

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

       

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2026 CME Group Inc. All rights reserved.