Interest Rate Derivatives, Benchmark Rates and Development of Financial Markets in EMDEs

This paper outlines the critical role of interest rate derivatives (IRDs) in supporting the development of financial markets in emerging market and developing economies (EMDEs). It also examines the significance of reliable, robust interest rate (IR) benchmarks, a cornerstone for developing efficient IRD markets. The paper draws valuable lessons from the transition from LIBOR to overnight risk-free rates in advanced economies, applying these insights to the context of EMDEs. Through case studies, it shows how various EMDE jurisdictions have successfully adopted and implemented more robust and transparent IR benchmarks.

Documents (1) for Interest Rate Derivatives, Benchmark Rates and Development of Financial Markets in EMDEs

Response on Commodity Derivatives Markets

On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...

Episode 50: The Value of Derivatives

A new report from ISDA shows that companies all over the world use derivatives to alleviate uncertainty, transfer risk and enhance profitability. ISDA discusses the findings with Boston Consulting Group’s Roy Choudhury. Please view this page via Chrome to access...