CCPs’ successful Libor switch raises hopes for sterling move

Optimism follows hitch-free conversion of cleared yen, Swiss franc and euro Libor swaps to RFRs

Libor-conversions-go-smoothly
Risk.net montage

Last weekend’s smooth clearing house swap conversion moving yen, Swiss franc and euro Libor swaps onto the relevant risk-free rates has given market participants confidence that the sterling equivalent later this month will follow suit.

The transition on December 4 and 5 saw more than 100,000 contracts at LCH referencing the three Libor currencies, totalling $6 trillion, switch to the designated replacement rates. Japan Securities Clearing Corporation saw 140,000 cleared yen swaps convert to

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: