ISDA understands that on March 15, 2022, the National Finance Association announced that with immediate effect MosPrime would no longer appear on Reuters Screen MOSPRIME 11 and indicated that the level for the benchmark would be published on www.mosprime.com going forwards. ISDA considers that the announcement results in www.mosprime.com constituting a Successor Source under Section 7.2(b)(i) of the 2006 ISDA Definitions and that the definition of “RUB-MOSPRIME-NFEA” (that was added as Section 7.1(s)(i) by the publication of Supplement 4 to the 2006 ISDA Definitions on January 29, 2008) should be read accordingly. ISDA notes that the definition of “RUB-MosPrime” contained in the 2021 ISDA Interest Rate Derivatives Definitions is price-source agnostic and so remains unaffected.
1Refinitiv has also provided ISDA with the following statement: “As of 14th March 2022, Refinitiv is no longer the calculation agent for nor a distributor of the following benchmarks administered by NFA: MOSPRIME, RUREPO, NFEAFIX and ROISFIX. These benchmark rates can be accessed via NFA.”
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