ISDA is currently working with members to draft the 2021 ISDA Interest Rate Derivatives Definitions, a root and branch update of the 2006 ISDA Definitions. To facilitate engagement with the project, recordings of the working group calls will be uploaded to this page and an implementation timeline is attached below. Please see details set out below.
If you are interested in participating in this project and future calls, please log on to your ISDA account and join the Interest Rate Definitions Working Group.
Changes to terms relating to payments/calculations and floating amounts (note there have been no changes to the fixed amounts), including formulae, interpolation and other concepts associated with calculating payments due.
Summary of the proposed changes to the terms relating to dates and periods, including Business Days, Payment Dates and Period End Dates reflecting the conclusions drawn from previous working group discussions and responses to feedback requests.