DTCC: Opens new Libor replacement communications port
- DTCC is the premier post-trade market infrastructure for the global financial services industry
- Announced that it has launched its new LIBOR Benchmark Replacement Index solution to support the industry’s transition
- With the new solution, users will be able to view information for over 100,000 debt securities
- Subscribers can also leverage the solution to stay informed on LIBOR replacement rate information submitted by issuers
- For decades, market participants have used LIBOR as the benchmark reference for determining interest rates for debt instruments
- LIBOR cessation is a significant operational undertaking that could pose risk for firms around the globe
