Modification of Cleared Over-the-Counter (“OTC”) Interest Rate Swap Products Referencing the Bloomberg Short-term Bank Yield Index (“BSBY”) and Limitation of Acceptance for Clearing

Modification of Cleared Over-the-Counter (“OTC”) Interest Rate Swap Products Referencing the Bloomberg Short-term Bank Yield Index (“BSBY”) and Limitation of Acceptance for Clearing - Effective July 12, 2024
- - To
  - Clearing Member Firms; Back Office Managers
- - From
  - CME Clearing
- - #
  - 24-185
- - Notice Date
  - 01 July 2024
- - Effective Date
  - 12 July 2024
- Subject to regulatory review, CME will transition CME cleared BSBY Swaps by converting each affected BSBY Swap on the July 12, 2024 Conversion Date, utilizing a mandatory conversion process as summarized in this notice.
  
  Click here for the full text of the advisory
  
  24-185

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Modification of Cleared Over-the-Counter (“OTC”) Interest Rate Swap Products Referencing the Bloomberg Short-term Bank Yield Index (“BSBY”) and Limitation of Acceptance for Clearing - Effective July 12, 2024