{"id":172403,"date":"2020-12-02T17:38:09","date_gmt":"2020-12-02T17:38:09","guid":{"rendered":"https:\/\/wordpress-693215-2610341.cloudwaysapps.com\/index.php\/2020\/12\/02\/will-anyone-trade-libor-after-2021\/"},"modified":"2020-12-02T17:38:09","modified_gmt":"2020-12-02T17:38:09","slug":"will-anyone-trade-libor-after-2021","status":"publish","type":"post","link":"https:\/\/theotcspace.com\/will-anyone-trade-libor-after-2021\/","title":{"rendered":"Will Anyone Trade LIBOR After 2021?"},"content":{"rendered":"<p>US regulators have announced that banks should cease entering into any new contracts referencing USD LIBOR from 31st December 2021.<\/p>\n<p><!--more--><\/p>\n<h4>Over at ClarusFT they&#39;ve written a comprehensive update on the status of USD LIBOR:<\/h4>\n<hr \/>\n<h4>US regulators have announced that banks should cease entering into any new contracts referencing USD LIBOR from 31st December 2021.<\/h4>\n<p>This is consistent with the announcement last week from the UK regulators, who pointed out that LIBOR fixings may be published after end-2021 but that no new business could be written against them. These announcements were coordinated with announcements from&nbsp;ICE&nbsp;that they will consult on the specific timelines for LIBOR cessation. These consultations will end in January 2021.<\/p>\n<p>They are&nbsp;summarised well enough on the ICE website:<\/p>\n<p><a href=\"www.clarusft.com\/will-anyone-trade-libor-after-2021\/\"><img decoding=\"async\" class=\" size-full wp-image-19310\" alt=\"LIBOR ICE announcement\" src=\"https:\/\/theotcspace.com\/wp-content\/uploads\/2020\/12\/image-3-2048x661.png\" style=\"height:258px; width:800px\" width=\"1200\" height=\"387\" \/><\/a><\/p>\n<p>We may see USD LIBOR continuing to be published all the way into 2023, but that may only be used for legacy contracts. Clarity is coming!<\/p>\n<p><span style=\"font-size:16px\"><a href=\"https:\/\/www.clarusft.com\/will-anyone-trade-libor-after-2021\/\" rel=\"nofollow noopener\" target=\"_blank\">Click here to read the full article<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US regulators have announced that banks should cease entering into any new contracts referencing USD LIBOR from 31st December 2021.<\/p>\n","protected":false},"author":1,"featured_media":19309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2845],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/172403"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/comments?post=172403"}],"version-history":[{"count":0,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/172403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=172403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/categories?post=172403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/tags?post=172403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}