Fallbacks for GBP LIBOR® ICE Swap Rate®, USD LIBOR® ICE Swap Rate® and JPY LIBOR® Tokyo Swap Rate

On August 18, 2021 the International Swaps and Derivatives Association, Inc. (“ISDA”) published a Form of Amendment to enable parties to amend one or more existing confirmations to incorporate the GBP LIBOR ICE Swap Rate Fallback Provisions, which introduce fallbacks for provisions in the 2006 ISDA Definitions which refer or relate to the GBP LIBOR ICE Swap Rate.

On November 10, 2021, ISDA published a second Form of Amendment to enable parties to amend one or more existing confirmations to incorporate the GBP LIBOR ICE Swap Rate Fallback Provisions, the USD LIBOR ICE Swap Rate Fallback Provisions and/or the JPY LIBOR Tokyo Swap Rate Fallback Provisions, which introduce fallbacks for provisions in the 2006 ISDA Definitions which refer or relate to the GBP LIBOR ICE Swap Rate, the USD LIBOR ICE Swap Rate and/or the JPY LIBOR Tokyo Swap Rate (as applicable).

On November 22, 2021, ISDA published a standalone Form of Agreement for use in adding the new fallbacks for JPY LIBOR TSR; and a standalone Form of Agreement for use in adding the new fallbacks for USD LIBOR ICE Swap Rate.

Free downloads for Fallbacks for GBP LIBOR® ICE Swap Rate®, USD LIBOR® ICE Swap Rate® and JPY LIBOR® Tokyo Swap Rate (6)