In this conversation, J.P. Morgan Research analysts Josh Younger and Henry St John discuss the upcoming Big Bang transition to SOFR discounting for cleared swaps, with a focus on key developments this week, as well as an overview of some of the mechanics involved with the transition process.

This podcast was recorded on September 15, 2020.

This communication is provided for information purposes only. Institutional clients can read the related report at https://www.jpmm.com/research/content/GPS-3494132-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “Preparing for the Big Bang transition to SOFR discounting: 15 September 2020.” © 2020 JPMorgan Chase & Co. All rights reserved.