All posts tagged "Fallbacks"
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304Market InfrastructureSingapore Consults on Adjustment Spreads for Legacy SOR Contracts
Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.
May 19, 2022 -
330Australia & NZASX to Implement Fallbacks in OTC Interest Rate Derivatives
From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.
March 24, 2022 -
483Market InfrastructureUPDATED – US LIBOR Legislation Advances in Omnibus Bill
The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.
March 11, 2022 -
854Asia-PacificIndonesian Regulators Publish LIBOR Transition Guide
The guide recommends five steps for market participants with LIBOR exposures, to help them respond to and prepare for the transition.
December 28, 2021 -
390FeatureISDA Publishes New Set of Fallbacks for IBOR Derivatives
The new fallbacks cover IBORs in India (MIFOR), Malaysia (KLIBOR), New Zealand (BKBM), Norway (NIBOR), the Philippines (PHIREF) and Sweden (STIBOR).
December 17, 2021 -
460JapanRefinitiv Set to Launch Tokyo Swap Rate Fallback
The Tokyo Swap Rate Fallback is based on a static spread adjustment and the Tokyo Swap Rate (for swaps referencing TONA), which was launched in October.
December 13, 2021 -
Press Release
ISDA Named Industry Association of the Year
ISDA was recognised for its work on LIBOR transition, initial margin compliance, Basel III benchmarking, digitisation initiatives, a new digital documentation platform, and ESG standards.
December 10, 2021 -
Press Release
ISDA Awarded Best LIBOR Transition Solution for Fallbacks Work
The ISDA IBOR Fallbacks Protocol enables market participants to incorporate robust fallbacks into legacy trades referencing LIBOR, significantly mitigating systemic risk.
December 10, 2021 -
310International
Refinitiv Launches USD IBOR Institutional Cash Fallbacks
Fallbacks for institutional cash products are now production benchmarks. Prototype fallbacks for consumer cash products will be launched on 3 January 2022.
December 2, 2021 -
390Market InfrastructureUS Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
October 22, 2021
