CENTRALIZING COMMUNICATION FOR THE RETIREMENT OF LIBOR FOR US DEBT SECURITIES ABOUT THE TRANSITION The Depository Trust & Clearing Corporation (DTCC), Alternative Reference Rate Committee (ARRC) and other industry organizations are collaborating to create an enhanced Legal Notice System (LENS) process that will allow for the centralized communication of fallback index rates ahead of the June 2023 retirement of LIBOR. DTCC, along with the ARRC and the ARRC Operations / Infrastructure subgroup have worked closely with the issuer/agent/trustee community, as well as the data solutions providers and broader industry (i.e., buy-side and sell-side) to outline a process that helps collect, streamline, standardize and communicate descriptive replacement rate details to ensure a smooth transition from the LIBOR benchmark. Please also visit our LIBOR (USD) Transition Product Page for additional information on how DTCC is facilitating the LIBOR rate replacement process. For more information: CONTACT CLIENT SUPPORT Communicate a New Rate Index DTCC Learning BACKGROUND Learn more about the LIBOR Transition in the U.S. Transition Process: Scenarios Download and review the industry best practices. DOCUMENTATION Find and review documents relevant to the transition. FREQUENTLY ASKED QUESTIONS Read and review frequently asked questions and scenarios. MEDIA Read and review related articles and content about the LIBOR transition. PROGRESS Review statements about the progress of the transition efforts in 2023.