International Swaps and Derivatives Association

Rule Changes

Submitted comment on the proposal

Since October 8, every Canadian and Mexican interest rate swap cleared in US-regulated markets must reference one of two new overnight benchmarks. The old rates, the Canadian Dollar Offered Rate and Mexico's 28-day TIIE, no longer trade, and the Commodity Futures Trading Commission's final rule, published September 8, retired their clearing mandates.

Updated Oct 9