On Nov. 30, 2020, Intercontinental Exchange Inc. announced that the ICE Benchmark Administration Limited (“IBA”) will consult on its intention to cease publication of U.S. dollar-denominated London Interbank Offered Rates (“USD LIBOR”):
- For one-week and two-month USD LIBOR, immediately following their Dec. 31, 2021 publications; and
- For overnight, one-month, three-month, six-month and twelve-month USD LIBOR, immediately following their June 30, 2023 publications.
For more information, see the SRZ Alert “LIBOR Transition: ICE Benchmark Administration to Consult on Intent to Cease Publishing USD LIBOR Rates as of Certain Dates; A Possible Temporary Reprieve for Some Rates,” available here.
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