International Swaps and Derivatives Association

Clearing & Post-Trade

ISDA, CCDC to Promote Global Use of China Bonds as Collateral

By Editors | 15/09/2020

ISDA and the CCDC will soon publish research making the case for yuan-denominated bonds to be used internationally as collateral.

Market Risk

ISDA Chief Urges Continued Work on Initial Margin Implementation

By Editors | 09/09/2020

Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.

Structural Regulation

Singapore: SOR Fallback Rate to Only be Available Temporarily

By Manesh Samtani | 01/09/2020

Fallback Rate (SOR), the primary fallback reference rate for SOR derivatives, will be permanently discontinued about three years following the fallback trigger.

Structural Regulation

ISDA Calls for Global Alignment in UPI, UTI Implementation

By Manesh Samtani | 25/08/2020

ISDA is urging the FSB to “intensify monitoring and coordination of jurisdictional alignment” to the global UTI, UPI and CDE recommendations.

Structural Regulation

Japan Proposes Mid-2021 Cut-off on New LIBOR Loans, Bonds

By Manesh Samtani | 10/08/2020

Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.

Trading & Investment

APAC Firms Lag in IBOR Transition Preparation – Report

By Manesh Samtani | 05/08/2020

Apart from G-SIBs operation in the region, APAC firms are not prepared for the transition away from IBORs, according to a new report from Sia Partners.

Structural Regulation

Trade Bodies Jointly Commit to Tackling Market Inefficiencies

By Manesh Samtani | 30/07/2020

The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.

Market Data & Technology

ISDA Launches New Indicator to Monitor RFR Adoption in Derivatives

By Editors | 28/07/2020

The indicator is intended to help derivatives market participants keep tabs on progress to shift to risk-free rates ahead of the end of 2021, when LIBOR is due to be discontinued.

Structural Regulation

Covid Disrupts APAC LIBOR Transition, But Market Participants Unfazed

By Editors | 23/07/2020

A poll of APAC corporate treasury, finance and legal executives by APLMA and Bloomberg showed most participants still aim to be on track for the move to risk-free-rates by end-2021.