LIFFE Converts 355,656 Euromark Lots To Euribor.

LIFFE announced on January 19 that 355,656 lots of its three-month Euromark contract had been converted to the euro benchmark rate Euribor in a voluntary conversion process. The 355,656 lots became 177,828 Euribor positions, reflecting the mark-euro exchange rate. Outstanding lots will be mandatorily converted to the London-based euro Libor rate later.