ISDA is currently undertaking work to amend the 2006 ISDA Definitions to implement fallbacks for LIBOR and other key IBORs. The fallbacks will be to an alternative risk-free rate, subject to certain adjustments. As part of its work, ISDA is conducting a request-for-proposal (RFP) process open to all interested vendors in order to select the vendor that will publish the adjustments. Please view the background materials below for additional information.

ISDA expects to publish the RFP in early February 2019 and provide interested vendors approximately four weeks to respond.

In advance of publishing the RFP, ISDA held a call on January 25 for all interested vendors to go through the background materials and answer questions. If you were not able to listen, a recording of the call is available here.