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
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 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.