Update: The deadline to request the reissue of a payment is June 28, 2022. Requests received after this date may not be able to be honored.
If You Owned a U.S. Dollar LIBOR-Based Instrument
Between August 2007 and May 2010
You May Be Eligible for a Payment from a $130 Million Settlement
On December 28, 2021, the Net Settlement Funds with respect to the Settlements between the OTC Plaintiffs and Barclays, Citibank, Deutsche Bank, and HSBC in the In re LIBOR-Based Financial Instruments Antitrust multidistrict litigation were distributed to Authorized Claimants whose Proof of Claims were approved for payment by the Court. The Plans of Distribution approved by the Court can be found on this website in the Court Documents link. Checks must be cashed within 90 days. If you need to request a reissue of a check, please contact us by calling 1 (888) 568-7640, or by writing to info@USDollarLiborSettlement.com or U.S. Dollar LIBOR Settlement, PO Box 2602, Faribault MN 55021-9602. Some of the payments are tax reportable per IRS guidelines and the applicable tax forms were included with the payments. The Settlement Administrator cannot offer tax advice; Authorized Claimants with tax-related questions should consult their tax advisor.
There is a Settlement with Citibank N.A. and Citigroup Inc. ("Citibank") that impacts individuals and institutions that entered into over-the-counter financial derivative and non-derivative instruments directly with Citibank, Barclays Bank plc or a Non-Settling Defendant that received payments tied to U.S. Dollar LIBOR. Citibank, 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 Citibank, 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.
If you filed a previous claim in the OTC-Barclays Settlement, you will need to complete and submit a simple proof of claim in the Citibank Settlement by March 29, 2018, even if your previous Proof of Claim is accurate and complete. If you filed a previous claim in the OTC-Barclays Settlement and want to supplement your original Proof of Claim with additional information, you will need to complete and submit a new Proof of Claim in the Citibank Settlement by March 29, 2018.
If you have not previously submitted a claim, you need to ask for a payment, and you will need to complete and submit a Proof of Claim in the Citibank Settlement by March 29, 2018.
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.
Please Check This Website Regularly. Documents, Dates and Other Information May Change and Any Updates Will be Posted on this Website.