LIBOR Transition-ISDA fallbacks
Across the world, banks are engaging with the complex issue of the phasing out of the LIBOR. In this connection, the International Swaps and Derivatives Association (ISDA) has published IBOR Fallbacks Supplement and IBOR Fallbacks Protocol. This will amend ISDA’s standard definitions for interest rate derivatives to incorporate fallbacks for derivatives linked to certain IBORs, […]