U.S. Dollar Libor Settlement

You May Be Eligible for a Payment from a $120 Million Settlement

Update as of July 14, 2021: The Motion to Authorize Distribution of the Barclays, Citi, Deutsche Bank, and HSBC Net Settlement Funds to Claimants and Reimbursement of Claims Administration Expenses has been submitted, and the Court provided approval.  Please check back often for updates regarding the distribution to Claimants.

There is a Settlement with Barclays Bank that impacts individuals and institutions that entered into over-the-counter financial derivative and non-derivative instruments directly with Barclays or a Non-Settling Defendant that received payments tied to U.S. Dollar LIBOR.  Barclays and the Non-Settling Defendants are U.S. Dollar LIBOR Panel Banks.  The instruments include certain interest rate swaps, forward rate agreements, asset swaps, collateralized debt obligations, credit default swaps, inflation swaps, total return swaps, options, and floating rate notes.

Individuals and institutions are included in the Settlement if they:

• Directly purchased certain U.S. Dollar LIBOR-based instruments;
• From Barclays or any Non-Settling Defendant (or their subsidiaries or affiliates);
• In the United States; and
• Owned the instruments at any time between August 2007 and May 2010.

To ask for a payment, you will need to complete and submit a Proof of Claim.

To learn more about your right to receive payment, or to learn how to object or exclude yourself from the Settlement, read the Long Form Notice.