- LCH issues an invitation on December 15, 2020 to respond to a consultation about LIBOR. Active engagement was reported and preliminary results for some questions are being reported by LCH. Given the current information from the market, a conversion process for CHF, EUR, GBP, JPY LIBOR contracts is expected to run in late 2021. The same process for USD LIBOR would occur at a later date. A fee will be applied to contracts that are subject to the conversion process
- Majority of respondents said LCH should implement a conversion process for any remaining LIBOR contracts after the effective cessation date. Majority of respondents also said that the process should convert remaining LIBOR contracts to standard RFR trades
- https://www.lch.com/membership/ltd-membership/ltd-member-updates/summary-lchs-consultation-its-solution-outstanding-0
