ISDA IBOR Fallbacks Webinar Series

ISDA has developed a series of short webinars to help market participants understand new fallbacks for derivatives referenced to key interbank offered rates (IBORs).

The first webinar covers the IBOR Fallbacks Supplement and IBOR Fallbacks Protocol. The supplement amends the 2006 ISDA Definitions to include the fallbacks, while the protocol enables market participants to choose to incorporate the fallbacks into their legacy non-cleared derivatives trades with other counterparties that also opt to adhere to the protocol. IHS Markit provides a demonstration and information on how agents can adhere on behalf of certain underlying clients on the ISDA Amend platform.

The second webinar, Methodology and Bloomberg Publication, covers the methodology that is used to calculate the fallbacks that will apply if LIBOR or another key IBOR is discontinued or, in the case of LIBOR, becomes non-representative. It also provides an overview of the calculations and data that Bloomberg uses to produce the fallbacks, the timing for publication of those fallbacks and an example calculation.

The third webinar, Bilateral Templates, ISDA Create and IHS Markit Outreach360, covers the bilateral templates that ISDA has published for counterparties to use in implementing the IBOR fallbacks. The webinar also covers how to negotiate and agree to those templates on ISDA Create, as well as the Outreach360 service provided by IHS Markit for firms to engage with their counterparties on implementation of the new fallbacks.

For additional information from ISDA relating to financial benchmark reform, including the implementation of new derivatives fallbacks, visit the ISDA website.

Please contact benchmarkreform@isda.org with any questions related to these webinars.

 

IBOR Fallbacks Supplement and IBOR Fallbacks Protocol:


  • If you can’t access the YouTube video above, please click here (best viewed in Chrome).

 

Methodology and Bloomberg Publication:


  • If you can’t access the YouTube video above, please click here (best viewed in Chrome).

 

Bilateral Templates, ISDA Create and IHS Markit Outreach360:


  • If you can’t access the YouTube video above, please click here (best viewed in Chrome).

ISDA Wins Regulation Asia Award

ISDA has been awarded Outstanding Contribution to Regulatory Reforms for the ISDA Digital Regulatory Reporting (ISDA DRR) solution by Regulation Asia at its ninth annual Awards for Excellence. The ISDA DRR uses the Common Domain Model to convert an industry-agreed...

ISDA Launches RFP for Trade Eligibility Solution

ISDA has launched a request for proposal (RFP) for the development of a trade reporting eligibility tool for use alongside the ISDA Digital Regulatory Reporting (DRR) solution. The eligibility tool is intended to provide analysis on whether a derivatives transaction...

Joint Response to ETS Review

On November 2, ISDA and the Association for Financial Markets in Europe submitted a joint statement on the European Commission’s call for feedback on the review of the EU Emissions Trading System (ETS). The response highlights the importance of a...