ISDA launches IBOR fallback protocols as end of an era nears
Mitigating systemic risks when LIBOR expires is all about fallback clauses and the International Swaps and Derivatives Association is taking further steps to firm up the post-IBOR world.
For corporate treasurers, contract fallback clauses are designed to ensure a safe landing in a post-LIBOR world. Despite Covid hitches, this is still scheduled for the end of 2021.
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