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.
Documents (1) for Recording: ISDA Call: ISDA IBOR Fallbacks: The Role of a Vendor
Latest
A Global Blueprint for Market Risk Reform
The global financial crisis of 2007-2009 exposed fundamental weaknesses in how banks measured and managed risk, and the repercussions were felt by economies all over the world. In response, policymakers sought to rebuild trust and resilience in the global financial...
SwapsInfo Q3 2025 and Year-to-September 30, 2025
Trading activity in interest rate derivatives (IRD) and credit derivatives increased in the third quarter of 2025 compared with the same period in 2024, reflecting shifting monetary policy expectations and broader market conditions. IRD traded notional rose by more than...
ISDA Extends Saudi Arabia Netting Opinions
ISDA has extended its netting opinions for Saudi Arabia to cover regulations published by the Capital Market Authority (CMA) earlier this year that recognize the enforceability of close-out netting. The CMA regulations were published in July, and follow similar rules...
ISDA Publishes ISDA SIMM® Methodology, Version 2.8+2506
ISDA has published the ISDA SIMM® Methodology, version 2.8+2506, which is effective from December 6, 2025. This version of the SIMM includes updates based on the calibration of the main delta risk weights and other parameters using data up to...