CurveGlobal Markets LIBOR Cessation Trigger Event
Date
05/03/2021
Market Notice 2021/005 announced the CurveGlobal Markets LIBOR cessation fallback provisions for the CurveGlobal® Three Month Sterling Futures and the CurveGlobal® 1 Million Three Month Sterling Futures contracts (“the CurveGlobal® LIBOR futures”).
CurveGlobal Markets confirms that a “
Pre-Cessation ICE LIBOR Trigger Event”, as defined in the “
Cessation of 3- month GBP ICE LIBOR” section of the CurveGlobal® LIBOR futures contract specifications, occurred today, 5th March 2021. Please see the following link for the FCA announcement for further information.
As a result of the occurrence of the Pre-Cessation ICE LIBOR Trigger Event, for the purposes of the CurveGlobal® LIBOR futures contract specifications: