• OTC IRS New Release Advisory – USD-LIBOR FRA Clearing Support

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 22-144
      • Notice Date
      • 13 April 2022
      • Effective Date
      • 13 April 2022

    • Please be advised that CME will amend clearing support for USD-LIBOR Forward Rate Agreements (USD FRAs) in the New Release environment effective April 13, 2022 and in the Production environment on May 2, 2022. The amendment will limit the maximum maturity currently supported for this product from 3 years (from Cleared Date) to June 30, 2023. This change is being made well in advance of the “Index Cessation Effective Date” for all major USD LIBOR tenors immediately following June 30, 2023.

      Click here for the full text of the advisory

      22-144

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