Key Date Reminder: ISDA's IBOR Fallbacks Goes Live | McGuireWoods LLP
To embed, copy and paste the code into your website or blog: ISDA’s IBOR Fallbacks Supplement and Protocol came into effect today. These fallbacks, which are discussed in more detail here, will be incorporated with immediate effect into all new derivatives contracts which incorporate the 2006 ISDA Definitions, and in all legacy non-cleared derivatives where both parties have adhered to ISDA’s IBOR Fallbacks Protocol. To date, over 12,000 parties have adhered to the Protocol, which remains open for adherence for the foreseeable future. The Fallbacks Supplement and Protocol is an important ...
Source: jdsupra.com