A new suite of basis swap templates being rolled out by LCH could take some of the pain out of the Libor transition, making it easier for compression providers to tear up existing Libor contracts and replace them with trades referencing new risk-free rates (RFRs). “We created templates to give compression providers more flexibility in their algorithms to re-imply the replacement of risks into standardised templates,” says Cameron Goh, global head of product, rates at LCH. “This is helpful as Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
LCH has developed a suite of basis swap templates for LIBOR replacement trades designed to make it easier for compression providers to cancel LIBOR contracts and replace them with trades linked to new RFRs.