ISDA Response to the Quebec Charter of the French Language Proposed Amendments

The International Swaps and Derivatives Association, Inc. (“ISDA”) submitted a comment letter regarding proposed amendments to the Charter of the French Language, which would have a substantial impact on the derivatives industry in Quebec. ISDA proposed that the section at issue would not apply to contracts by mutual agreement in which the special terms and conditions specific to the parties were negotiable between them.

The CPI Quandary

The recent US government shutdown didn’t just create weeks of political drama – it also left inflation-linked swaps dealers with a major headache: how should they determine an initial value for new trades given the US Bureau of Labor Statistics...