• Modification of Cleared Over-the-Counter USD LIBOR Interest Rate Swap Products and Limitation of Acceptance for Clearing - Effective April 21, 2023

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 23-103
      • Notice Date
      • 28 March 2023
      • Effective Date
      • 21 April 2023

    • CME will transition CME-cleared USD LIBOR Swaps by converting such contracts to reference SOFR on the relevant conversion dates and methodology as outlined in this advisory notice and CME submission 23-082.

      CME Clearing will cease to accept for clearing certain USD LIBOR Swaps following the Secondary Conversion on July 3, 2023 and perform daily conversions on any USD LIBOR Swaps cleared after this date.

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

       

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