In response to the closure of certain markets and systems in the Philippines, ISDA has drafted guidance regarding the impact of such closures on certain over-the-counter derivative transactions.
Such guidance can be found below.
Please note the guidance may be updated from time to time.
ISDA is continuously monitoring how COVID-19 impacts its members. Developments, including information on market closures and electronic execution, can be found here.
Documents (3) for ISDA Guidance: Philippines Market Closures
- ISDA Philipines Market Closures Guidance 1998 FX Definitions 18032020(pdf) will open in a new tab or window
- ISDA Philippines Market Closures Guidance Equity Definitions 18032020(pdf) will open in a new tab or window
- ISDA Philippines Market Closures Guidance 2006 Definitions 18032020(pdf) will open in a new tab or window
Latest
Safe, Efficient Markets for SFTs
Securities financing transactions (SFTs) – including repurchase agreements (repo), securities lending, buy/sell backs and margin lending – are foundational to the functioning of modern financial markets. They support the day-to-day distribution of liquidity, enable collateral to move efficiently across cash...
ISDA, GFXD, UK Finance, LMA Respond to HMT on UK BMR Reform
On March 11, ISDA, the Global Foreign Exchange Division of the Global Financial Markets Association, UK Finance and the Loan Market Association responded jointly to a consultation from His Majesty’s Treasury on the future regulatory regime for benchmarks and benchmark...
ISDA Recommendations to Simplify EU Regulation
On March 9, ISDA submitted a paper to the European Commission setting out focused proposals to improve the functioning of the EU regulatory framework for derivatives. The paper comprises eight targeted recommendations to simplify selected Level 1 provisions in a...
New Selection Process for Standard Reference Obligations (SROs) FAQs
This Frequently Asked Questions (“FAQ”) document gives information about the new selection process for Standard Reference Obligations (SROs). Note that ISDA may update these FAQs on occasion. Please check back periodically for new versions.