Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction (2021 Definitions) and Revised ISDA Offshore Deliverable CNY Transaction Disruption Fallback Matrix

Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction (2021 Definitions)

(published on December 30, 2021)

The Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction (2021 Definitions) (the “Additional Provisions”) and ISDA Offshore Deliverable CNY Transaction Disruption Fallback Matrix (“Fallback Matrix”) provide for standard documentation for deliverable CNY FX Transactions, Currency Option Transactions and Swap Transactions (referencing the 2021 ISDA Definitions) where a CNY Disruption Event (as defined in the Additional Provisions) renders CNY non-deliverable. Please note that the Fallback Matrix may be amended from time to time to include new Currency Pairs (as defined in the Additional Provisions).

For your convenience, we have attached sample language illustrating how to incorporate the Additional Provisions into a 2021 ISDA Interest Rate Derivatives Definitions confirmation and into a 1998 FX and Currency Option Definitions confirmation.

 

Revised ISDA Offshore Deliverable CNY Transaction Disruption Fallback Matrix

(published on December 30, 2021)

The revised Fallback Matrix is amended to be used with the “Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction (2021 Definitions)”

Free downloads for Additional Disruption Event Provisions for an Offshore Deliverable CNY Transaction (2021 Definitions) and Revised ISDA Offshore Deliverable CNY Transaction Disruption Fallback Matrix (3)