IMA® (Institute of Management Accountants), the worldwide association of accountants and financial professionals in business, today released a report about talent pipeline challenges in the accounting and finance profession in the Asia Pacific region in collaboration with the ASEAN Federation of Accountants (AFA), the umbrella organization for the recognized national Professional Accountancy Organizations of the ASEAN Member States. The report, "Talent Retention in the Asia-Pacific Accounting an
A customer enters the store with their mom's Costco card and is forced to buy a new membership in order to leave. Is this justified or just ridiculous?
Haryana Chief Minister Manohar Lal Khattar on Friday directed the officers concerned to complete the work regarding conducting special Girdawari (crop damage assessment) to compensate the farmers for the crop damage due to untimely rain and hailstorm by April 15 so that the compensation to all the
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Following years of consultations, ISDA published its long-awaited IBOR Fallbacks Supplement to the 2006 ISDA Definitions (the Supplement) and Protocol on October 23, 2020. The Supplement and Protocol provide a standardized and efficient means of transitioning derivatives contracts currently referencing IBORs to risk-free rates (more information on which can be found in our earlier blog post).
Market participants are reminded that the Supplement and Protocol will become effective on January 25, 2021 (the Protocol Effective Date). At present over 4,800 parties have adhered to the Protocol.
How do the Protocol and Supplement work?
New trades: The Supplement amends the 2006 ISDA Definitions by, among other things, including fallbacks to the risk-free rates in the relevant IBOR definitions. The new fallbacks will apply to all new trades entered into on or after the Protocol Effective Date which reference the 2006 ISDA Defini