Dealers commence tackling US Libor swaptions transition

Complexity of legacy book and CCP deadlines sees banks turn to new Capitalab service

Banks confront Swaptions puzzle

Dealers have ramped up efforts to switch their stock of US Libor-referencing swaptions to the secured overnight financing rate, or SOFR, amid rising fears about the complexity of physical delivery and deadlines set by clearing houses for acceptance of legacy Libor positions.

Nine dealers transitioned a chunk of swaptions on June 29, using a new service from Capitalab that replaces their Libor contracts with like-for-like SOFR positions. David Briggs, a salesperson at Capitalab, says the firm

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

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