Depository Trust & Clearing Corporation (DTCC) News

DTCC launches new centralised communication solution as part of its LENS service in support of LIBOR Cessation

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for global financial services announced that it has launched its new LIBOR Benchmark Replacement Index solution to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as well as other new fallback rate indices by June 30, 2023. Market participants will be able to access the solution through DTCC’s Legal Notice System (LENS), a...