TELBOR Cessation Guidance

ISDA has published guidance for parties to over-the-counter derivatives that are affected by the announcement made on April 16, 2024 by the TELBOR Committee relating to the future cessation of all TELBOR tenors.

The TELBOR Committee announced that the publication of all tenors of TELBOR will permanently cease immediately following a final publication on June 30, 2025.

Click on the attached PDF to read the guidance in full.

Response to EC Consultation on MICA Review

On September 29, ISDA responded to the European Commission’s (EC) targeted consultation on the review of the Markets in Crypto-Assets Regulation (MICA). ISDA’s response focuses on tokenization in over-the-counter derivatives and collateral markets. It argues that tokenized collateral can enable...

2026 FX Definitions: Act Now

On November 22, 2027, the 2026 FX Definitions will come into effect. From that point, these definitions will become the market standard for all cleared and new non-cleared FX derivatives, and the Swift messaging service will halt its support of...