Request for Information and Comment 86 FR 88476
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17 CFR Part 50 Swap Clearing Requirement To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates
See also:
87 FR 32898
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5/31/2022
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17 CFR Part 50 Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates
SUMMARY: The Commodity Futures Trading
Commission (Commission or CFTC) is proposing to amend its interest rate swap
clearing requirement regulations adopted under applicable provisions of the
Commodity Exchange Act (CEA) in light of the global transition from reliance on
certain interbank offered rates (IBORs) (e.g., the London Interbank Offered
Rate (LIBOR)) that have been, or will be, discontinued as benchmark reference
rates to alternative reference rates, which are predominantly overnight, nearly
risk-free reference rates (RFRs). The proposed amendments would revise the set
of interest rate swaps that are required to be submitted for clearing pursuant
to the CEA and the Commission's regulations to a derivatives clearing
organization (DCO) that is registered under the CEA (registered DCO) or a DCO
that has been exempted from registration under the CEA (exempt DCO).
87 FR 52182
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8/24/2022
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PDF Version
17 CFR Part 50 Clearing Requirement Determination Under Section 2(h) of the Commodity Exchange Act for Interest Rate Swaps To Account for the Transition From LIBOR and Other IBORs to Alternative Reference Rates