LIBOR FRB FAQ 3 – Would the physical settlement of a contract that existed prior to year-end 2021 (e.g., a swaption) be viewed as a new contract?

Compliance > Regulation Z - TILA > LIBOR Transition
Q:  Would the physical settlement of a contract that existed prior to year-end 2021 (e.g., a swaption) be viewed as a new contract?
 
A:   No, this would not be viewed as a new contract.

 
This Q&A was created based on information from the Federal Reserve’s website (which may be updated from time to time) that provides Answers to Frequently Asked Questions on the Transition Away from LIBOR.  This information may be found here:  https://www.federalreserve.gov/supervisionreg/srletters/SR2112a2.pdf
 

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