LIFFE Offers Euromark Conversion To Euribor.

LIFFE announced on January 13 that it would offer voluntary conversion of its Euromark contracts into Euribor futures positions next week. LIFFE's three-month Euromark contracts are based on Libor, a competitor to the Euribor rate set in London. The exchange plans a mandatory conversion of Euromark and Eurolira futures into Euro Libor on the weekend of January 23-24. The voluntary conversion to Euribor is set for January 19.