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TRANSITIONING OFF
THE LIBOR (USD) BENCHMARK

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.

For more information, please contact DTCC Client Support:

 
DOCUMENTATION

Find and review documents relevant to the transition

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PROGRESS

Review statements about the progress of the transition efforts in 2023

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