ISDA 2020 IBOR Fallbacks Protocol: What you need to know

The International Swaps and Derivatives Association, Inc. (ISDA) has published the ISDA 2020 IBOR Fallbacks Protocol (the IBOR Fallbacks Protocol). This client alert sets out key issues counterparties may wish to consider in relation to the IBOR Fallbacks Protocol.

Who should read this client alert?

If you have derivatives contracts that are linked to, or refer to, floating rate indices you should read this client alert because your existing and future contracts may be affected and you may be receiving communications from your dealers to modify your contracts. This could affect commercial end users of derivatives, including corporates, funds, pensions funds, insurers and, of course, sell side financial institutions.


Click here to read the full publication.



Authored by Isobel Wright.

James Doyle
Evan Koster
Partner, Global Coordinator for Derivatives and Commodities
New York
Katia Merlini
Jennifer O'Connell
Isobel Wright
Counsel Knowledge Lawyer


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