• OTC IRS Production Advisory – USD-LIBOR FRA Clearing Support - Effective May 02, 2022

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 22-161
      • Notice Date
      • 25 April 2022
      • Effective Date
      • 02 May 2022

    • Please be advised that CME will amend clearing support for USD-LIBOR Forward Rate Agreements (USD FRAs) in the Production environment on May 2, 2022. The change has been live in the New Release environment since April 13, 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.

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

       

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