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May 1, 2018

Stroock Special Bulletin

On Wednesday, April 25th, Intercontinental Exchange, Inc. announced that ICE Benchmark Administration Limited published a new LIBOR report on its website, “ICE LIBOR Evolution.” The report touches on LIBOR rates today, including current calculation methodologies, but shifts to focus on the effort to strengthen LIBOR, with the transition to the Waterfall Methodology.

This Stroock Special Bulletin summarizes the new developments.

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