ISDA Statement on BOI's TELBOR Announcement
April 17, 2024
April 17, 2024
NEW YORK, April 17 -- The International Swaps and Derivatives Association issued the following statement on April 16, 2024:
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ISDA has published the following statement in response to today's announcement by the Bank of Israel (BOI) on the future cessation of all TELBOR tenors.
"Today's announcement constitutes an index cessation event under the 2021 ISDA Interest Rate Derivatives Definitions and the November 2022 Benchmarks Module to the ISDA 2021 . . .
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ISDA has published the following statement in response to today's announcement by the Bank of Israel (BOI) on the future cessation of all TELBOR tenors.
"Today's announcement constitutes an index cessation event under the 2021 ISDA Interest Rate Derivatives Definitions and the November 2022 Benchmarks Module to the ISDA 2021 . . .