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LCH completes $45tn Libor transition

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fnlondon.com

With a little more than a month until US Libor ends, only a sliver of contracts now refer to the rate set for extinction.LCH SwapClear reported moving $45tn worth of interest rate swaps contracts to Sofr this past weekend, the replacement rate for Libor.Over two weekends 19 May and 21 April, the clearing arm of the London Stock Exchange...

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