LCH and CME to start clearing SOFR swaps in third quarter

Robert Mackenzie Smith
11 Apr 2018

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The two largest clearers of US dollar interest rate swaps will start clearing derivatives referencing the new secured overnight financing rate (SOFR) in the third quarter – ahead of the first quarter of 2019 targeted by the Alternative Reference Rates Committee.

LCH will clear outright SOFR swaps versus fixed and basis swaps versus Libor out to 50 years, and basis swaps versus the Effective Federal Funds Rate out to 30 years. CME will initially clear all three products out to at least five

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]