| LCH circular number: | 4303 |
| Date: | April 24, 2024 |
| To: | All SwapClear Users |
On 29 March 2024, Poland’s Steering Committee of the National Working Group for benchmark reform (“Polish NWG”) announced a review and analysis of risk-free rate (“RFR”) replacement choices for WIBOR[1]
In light of this announcement, and pending the outcome of the Polish NWG’s review, LCH SwapClear will suspend clearing eligibility for PLN WIRON contracts from (and including) 24 April 2024 and any such contracts submitted to LCH SwapClear for clearing on or after such date will be rejected[2].
Should you have any comments or questions, or if you require further information, please do not hesitate to contact LCHSales@lseg.com.