• Dress Rehearsal 3 for LIBOR to SOFR Conversion of USD Interest Rate Swaps - Effective March 03, 2023

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 23-067
      • Notice Date
      • 01 March 2023
      • Effective Date
      • 03 March 2023

    • CME will conduct a Dress Rehearsal for the USD LIBOR to SOFR Swap Conversion in the New Release environment on Friday, March 03, 2023. This test simulates the Secondary Conversion to be held in Production on July 03, 2023 and will include Zero Coupon Swaps. The dress rehearsal will begin following the close-of-business at 6:00 pm ET.

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

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