Getting closer to SOFR First! The SOFR share at LCH was last week at 43.7%, highest share and getting closer to 50%.
Figure 1: Weekly share by product types at LCH
Note that there is no more LIBOR swaps outstanding at LCH in GBP and JPY. We had to wait July to make such an announcement as the last LIBOR-6M, fixed at the end of December, were paid at the end of June (GBP, T+0) and beginning of July (JPY, T+2). In CHF, there is still CHF 30 millions of LIBOR swaps outstanding; this is probably a LIBOR-12M swap with one coupon still to be paid.