LIBOR cessation
LIBOR cessation
LIBOR ceased on 31 December 2021 for all Swiss franc, euro, British pound and Japanese yen settings as well as for the 1-week and 2-month US dollar settings. For certain British pound and Japanese Yen settings, synthetic LIBOR is being published for a limited time for use in all legacy contracts except cleared derivatives.
UBS has replaced its LIBOR-referencing product offering with products based on alternative reference rates or other appropriate solutions. Questions on how the transition affects your portfolio? Contact your client advisor or sales specialist.
New use of US dollar LIBOR prohibited
New use of US dollar LIBOR prohibited
The overnight, 1-, 3-, 6- and 12- month US dollar LIBOR settings are being published until June 2023 to facilitate the transition of legacy positions. In line with regulatory guidance, UBS no longer offers new US dollar LIBOR-based contracts (except in very limited use cases).
UBS remains fully engaged in the market transition with focus on the ongoing US dollar LIBOR wind-down. Continue to look out for communications from us on any changes to your LIBOR positions as well as available options.
Information provided through the above links is intended for existing clients with existing LIBOR-referencing transactions, trades or products with the relevant UBS business division only.
