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Company Circular No:

LCH.Clearnet Limited Circular No 3341

Service Circular No:SwapClear Circular No 95
Date:20 September 2013
To:All SwapClear Clearing Members (including FCM Clearing Members)

Association of Banks in Singapore changes to SGD-SOR reference rates

On September 30th 2013 the Association of Banks in Singapore will discontinue the calculation and publication of the existing SGD-SOR-Reuters rate (the “Old Rate”) and will begin publication of a new SGD-SOR-VWAP rate (the “Replacement Rate”) on 1 October 2013.

For more information please see:


As a consequence of the above,  LCH.Clearnet Limited intends to take steps with respect to both the SCM and FCM SwapClear Services such that:

Changes to the rulebook have been self-certified with the Commodity Futures Trading Commission and will become effective on October 4th 2013.

If you require additional information please contact Boaz Schechter (SCM Clearing Members) on Tel: +44 20 7426 3797 Email: boaz.schechter@lchclearnet.com or Nicholas Varelakis (FCM Clearing Members) on Tel: +1 212 513 8294 Email: nicholas.varelakis@lchclearnet.com