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Index Rules Amendments for SGMDMAP and SGMDMAPD

6

DEC
2021

On the close of the 15 th December, the rulebooks of SGMDMAP and SGMDMAPD will be amended to reflect the below changes :

  • Replacement of US0003M Index by SOFRRATE Index + 0.26161% as a Basket Component Rate, due to future decommission of USD Libor and in accordance with the Joint Statement on Managing the LIBOR Transition, dated October 20, 2021, by the Board of Governors of the Federal Reserve System, the Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the States Bank and Credit Union Regulators
  • Replacement of GBP Libor 3M by SONIO/N + 0.1193%
  • Replacement of JPY Libor 3M by MUTKCALM Index + 0.00835%

Replacement of SGIXBU5S Index and SGIXBE5S Index by SGIXU05S Index and SGIXE05S Index respectively.