The transition will commence on July 1, the day after the ICE Benchmark Administration ceases publication of a representative rate for all remaining tenors of USD LIBOR.
The securities include Freddie Mac Participation Certificates, Giants, Collateralized Mortgage Obligations, Credit Risk Transfer securities and Multifamily PCs and SPCs, according to the firm’s news release. The list provides a CUSIP, prior index and replacement index for each security. Freddie Mac said it will choose the replacement index.
Freddie Mac posted the list on its website, including links to the LIBOR Transition Playbook, Frequently Asked Questions and Answers about the LIBOR Transition, a table showing the Selected Replacement Index for each legacy LIBOR product, and other relevant information.
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