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.”
Latest
ISDA In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.
ISDA Presents Lock-Up Agreement Proposal
ISDA is pleased to present the proposed Lock-Up Agreements and CDS – Proposed Auction Solution. “Lock-Up Agreements” are market-wide arrangements, broadly standardized and predominantly integrated with court sanctioned restructuring or bankruptcy processes. Numerous end users will sign material Lock-Up Agreements...
Key Trends in OTC Derivatives Market H2 2024
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows a modest increase in notional outstanding during the second half of 2024 compared to the same period in 2023. Notional outstanding for interest rate, foreign...
Request to Extend Relief on No-Action Letter 22-18
On July 3, ISDA requested to extend the relief under the Commodity Futures Trading Commission's (CFTC) no-action letter No. 22-18. ISDA requests that the relief is extended until further action by the CFTC resolves the overlapping and contradictory reporting obligations...