Tag: Protocol
2021- Breaking Points
As a form of due diligence, I have to plough through such an amount of Fear-Uncertainty-Doubt “marketing” articles to have developed a deep dislike for the breed. That said, we thought it instructive to briefly remind readers of the 2021 Regulatory calendar, at least while some time remains to mitigate. Benchmark Reform The ISDA Fallbacks […]
Protocol starts with a bang
ISDA have today officially launched the IBOR Fallbacks and Supplement and Protocol. The supplement amends ISDA’s standard 2006 definitions for interest rate derivatives, incorporating robust fallbacks for IBOR-linked derivatives. Changes take effect on 25 January 2021, from which date the fallbacks will be included in all new cleared and OTC derivative transactions that reference the […]
ISDA early Protocol on suspension of early termination rights
The ISDA Protocol on suspension of early termination rights is likely to be released in September, two months earlier than expected. Only G-SIFIs trading with other G-SIFIs would be covered initially, reflecting the less than enthusiastic reaction of other market participants to give away their early termination rights for the sake of reducing systemic risk. […]