Pursuant to an Executive Order of the President of the United States, December 24 and December 26 have been designated as federal holidays for U.S. federal government purposes.
The designation of such dates as U.S. federal holidays is not expected to affect the calculation or publication of the benchmarks referenced in the USD Floating Rate Options incorporated in the Floating Rate Matrix to the 2021 ISDA Interest Rate Derivatives Definitions (“2021 Definitions”).
Both December 24, 2025 and December 26, 2025 are expected to be good New York City Business Days, U.S. Government Securities Business Days and New York Fed Business Days as defined in the 2021 Definitions.
Latest
US FX Derivatives Review
ISDA has expanded its SwapsInfo website to include data on US foreign exchange (FX) derivatives, extending the platform's coverage beyond interest rate and credit derivatives to a third over-the-counter derivatives asset class. The US FX Derivatives Review covers trading activity...
Response to FCA on Post-trade Transparency
On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30. While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope...
Efficiency is Vital to Delivering Resilience
With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...
ISDA In Review – September 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in September 2026.