ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.
March 8, 2021Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.
February 25, 2021MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.
February 23, 2021More than 12,000 entities across nearly 80 jurisdictions have so far adhered to the protocol, which will remain open for adherence.
January 26, 2021Bloomberg delivers a comprehensive suite of solutions to support IBOR transition, including scenario analysis to determine the impact of the transition on portfolios.
December 16, 2020ISDA was recognised for its work to implement robust contractual fallbacks for derivatives referencing key IBORs as well as pre-cessation fallbacks for LIBOR over the past two years.
December 15, 2020The OCR compound index provides market participants with a standardised method of calculating term risk-free interest rates in arrears.
December 3, 2020New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
November 20, 2020Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.
November 9, 2020Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
October 22, 2020