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ARTICLE · 01 FEBRUARY 2022

The End Of LIBOR: January 2022 Update

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As of the end of December 31, 2021, (i) most tenors of LIBOR (24 out of 35) ceased to be published, (ii) certain popular tenors of USD LIBOR will continue to be published, subject to limitations on use, and ...

GlobalFinance and Banking
Kathy Martin
Kathy Martin
Maria Sagan
Maria Sagan
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As of the end of December 31, 2021, (i) most tenors of LIBOR (24 out of 35) ceased to be published, (ii) certain popular tenors of USD LIBOR will continue to be published, subject to limitations on use, and cease or become unrepresentative on June 30, 2023, and (iii) a few of the most widely used GBP and JPY LIBOR tenors were deemed permanently unrepresentative, but will continue to be published on a synthetic basis, for a limited time period for the purpose of legacy contracts.1 In this bulletin, we summarize the current stage of the discontinuation of LIBOR and briefly discuss the implications of the changes for lenders.

1. Cessation of 24 Tenors of LIBOR on December 31, 2021

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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