International Swaps and Derivatives Association Launches IBOR Fallbacks Supplement and Protocol
October 24, 2020
October 24, 2020
NEW YORK, Oct. 24 -- The International Swaps and Derivatives Association issued the following news release on Oct. 23:
ISDA has today launched the IBOR Fallbacks Supplement and IBOR Fallbacks Protocol, marking a major step in reducing the systemic impact of a key interbank offered rate (IBOR) becoming unavailable while market participants continue to have exposure to that rate.
The supplement will amend ISDA's standard definitions for interest rate derivatives to incorp . . .
ISDA has today launched the IBOR Fallbacks Supplement and IBOR Fallbacks Protocol, marking a major step in reducing the systemic impact of a key interbank offered rate (IBOR) becoming unavailable while market participants continue to have exposure to that rate.
The supplement will amend ISDA's standard definitions for interest rate derivatives to incorp . . .