December 21, 2023

Exchange Notification – December 21, 2023

December 21, 2023

Dear Members:

As you know, AFX reserves the right to change our benchmarks from time to time at our discretion. As a result of our new leadership’s ongoing review of our Benchmarks and in response to changing market factors, management has decided to discontinue the following set of credit sensitive rate data as of December 29:

1 – week: “AMBOR 1W”
1 – month: “AMBOR 1M”
3 – month: “AMBOR 3M”
6 – month: “AMBOR 6M”
1 – year: “AMBOR 1Y”
2 – year: “AMBOR 2Y”

The AMERIBOR series will continue to publish as will our AMBOR T-series. According to our research, most loans that use our credit sensitive rates use the T series, and we believe that in most cases the AMERIBOR and/or the AMBOR T series can be used as a substitute for the discontinued data.

Should you or anyone within you organization have any question feel free to contact us –

Scott Woodbury
Managing Director – liquidity Operations & Sales

Seth Steele
Director – Liquidity Operations

Best for the Holidays and New year

John Shay