About a-team Marketing Services

A-Team Insight Blogs

DTCC Releases LIBOR Benchmark Replacement Index Solution

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) has released a new LIBOR Benchmark Replacement Index solution to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as well as other new fallback rate indices by 30 June 2023.

The solution will allow users to view information for over 100,000 debt securities whose rate is currently based on USD LIBOR and disseminate new alternative indices. Market participants can access the solution through DTCC’s Legal Notice System (LENS), a repository of notices designed to report organisational actions that affect securities issues from issuers, agents and trustees, as well as via an automated data feed that will support machine-to-machine capture of standardised reference data.

Ann Marie Bria, managing director, asset services business manager at DTCC, says: “With the solution now live and centrally communicating LIBOR benchmark replacement rates, we are ready to partner with market participant firms as they work to achieve compliance by the June deadline.”

Users benefits of the DTTC solution include a single user interface to communicate all LIBOR index replacement needs for applicable securities, standardised data to streamline communications and enable machine-to-machine interactions, and choice in how to receive the data.

In addition to offering the new LIBOR Benchmark Replacement Index solution, DTCC Data Services will provide data on many of the USD LIBOR-impacted debt securities to market data vendors and subscribed users via automated data feeds, helping the industry prepare for the transition.

Subscribe to our newsletter

Related content


Recorded Webinar: The challenges and potential of data marketplaces

Data is the lifeblood of capital markets. It is also a valuable commodity providing financial institutions with additional insight when gathered in an internal data marketplace, or packaged and sold externally to other institutions. While the theory is sound, the practice of setting up a data marketplace can be challenging. Internally, vast amounts of data...


GLEIF Extends LEI Validation Agent Scheme with Sparkasse Bank Malta and Diligencia

The Global Legal Entity Identifier Foundation (GLEIF) has added two validation agents to the Global Legal Entity Identifier System, bringing the global total of agents able to provide their clients with LEIs to 10. The additions are Sparkasse Bank Malta, a European bank offering corporate and private banking, investment, and custody services; and Diligencia, a...


FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.


Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...