ISDA's IBOR Supplement and Protocol: Background, Operation, Prognosis
By EsqSocial Corporation 29/10/20
The International Swaps and Derivatives Association, Inc. ("ISDA") has finally published its long-awaited "Amendments to the 2006 ISDA Definitions to include new IBOR fallbacks" ("IBOR Supplement") and accompanying "protocol" ("Protocol"). The Protocol will be open for adherence on October 23, 2020, and the IBOR Supplement will be "effective" January 25, 2021. Briefly stated, the IBOR Supplement introduces a set of "hard-wired" fallbacks that would become operational upon the demise of an...
By: Jones Day