LCH LTD USD LIBOR Contracts

Published on: May 27, 2025

On May 22, LCH LTD issued notice re USD LIBOR SwapClear Contracts.

  • LCH LTD informed of cessation of the solution for USD LIBOR SwapClear Contracts.
  • Main Points
  • Further to Circular No 4235, LCH LTD confirmed that the solution for USD LIBOR SwapClear Contracts will no longer be available following the operational cut-off time.
  • It was submitted for registration subsequent to the completion of LCH’s Conversion processes in 2023, each a legacy swap that satisfied time limited eligibility criteria.
  • Effectiveness
  • The operational cut-off time takes place on Friday Jun. 27, 2025.
Regulators
LCH LTD
Entity Types
Depo; Exch; FCM; OTC
Reference
Cir 4351, 5/22/2025
Functions
Compliance; Financial; Operations; Risk; Settlement
Countries
EU Exchange
Category
State
N/A
Products
Clearing; Commodities; Derivatives; Fixed Income
Rule Type
Final
Regions
EMEA
Rule Date
May 22, 2025
Effective Date
Jun 27, 2025
Rule ID
255825
Linked to
N/A
Reg. Last Update
May 22, 2025
Report Section
EU