In July, ISDA launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is permanently discontinued. Following launch of the consultation, ISDA published a webinar describing the consultation, a set of graphs provided by Bloomberg to illustrate the different term and spread adjustments that are under consideration in the consultation and a set of FAQs.
Today, ISDA published updated FAQs covering questions that market participants have raised since ISDA launched the consultation and a second webinar covering many of the FAQs. This webinar assumes that market participants have viewed the first webinar and reviewed the consultation.
The consultation, FAQs, webinars and Bloomberg graphs are available here. As a reminder, responses are due by October 12, 2018.
Latest
FRTB Impact on Correlation Trading
The capitalization of the correlation trading portfolio (CTP) under the Fundamental Review of the Trading Book will have an adverse economic impact for users of these instruments. In particular, there is a lack of clarity and consistency in the application...
ISDA In Review – September 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in September 2025.
A Path to Greater CFTC-SEC Alignment
Earlier this week, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) held a roundtable on regulatory harmonization – an initiative we wholeheartedly support. The US regulatory framework has evolved over time to facilitate financial markets...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.