ISDA Market Practice Note for the Rebasing of European Inflation Indices

(Revised and republished March 12, 2026)

ISDA Market Practice Note for Rebasing of the:

FRC – Excluding Tobacco-Non-Revised Consumer Price Index

EUR – Excluding Tobacco-Non-revised Consumer Price Index

ITL – Inflation for Blue Collar Workers and Employees-Excluding Tobacco Consumer Price Index

SEK – Non-revised Consumer Price Index

ESP – National-Non-revised Consumer Price Index

EUR – All Items – Non-revised Consumer Price Index

IRL – Excluding Tobacco – Harmonised-Non-revised Consumer Price Index

NLG – Non-revised Consumer Price Index

NOK – Non-revised Consumer Price Index

DKK – Non-revised Consumer Price Index

Documents (1) for ISDA Market Practice Note for the Rebasing of European Inflation Indices

IRD Trading Activity FY 2025 and Q4 2025

This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the full year 2025 include: European...

A Financial Markets Revolution

Every financial center has its own unique features, but it was particularly fitting that ISDA’s recent Annual General Meeting (AGM) was held in Boston – not only a global hub for asset management and insurance, but also a city that...