The ISDA 2019 NTCE Protocol allows parties to amend their legacy transactions to incorporate the 2019 Narrowly Tailored Credit Event Supplement to the 2014 ISDA Credit Derivatives Definitions.
**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol** The Cut-off Date for adherence to this Protocol has been further extended to Friday, November 8, 2019 at 12 noon. The Cut-off Time for purposes of revoking adherence remains 5:00 p.m. New York time.
**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol:** This protocol originally closed as of 12 pm, New York time, on Friday, November 8, 2019. ISDA determined that nine Reference Banks have adhered to the Protocol as at 5pm New York time on Friday, November 8, 2019, and therefore the Protocol Effectiveness Condition is satisfied. Please note that the Implementation Date has been extended to January 27, 2020.
**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol:** The protocol reopened on Monday, January 6, 2020 and will remain open until 12 noon New York time on Friday, January 24, 2020 to allow new market participants time to adhere to the Protocol and for any adherence errors to be corrected. We note that entities that have already adhered do not need to do anything further, as your adherence remains valid.
** ICE Clear Credit LLC, ICE Clear Europe Limited and LCH S.A. have notified ISDA that it has received all relevant regulatory authorizations and will implement on the Implementation Date equivalent amendments to those made under the Protocol, and therefore the CCP Condition is satisfied. **