The 2005 definitions for interest rates and currency options may not make it out until 2006. These definitions will be an update to and consolidation of the 2000 definitions, Annex A definitions and various supplements and matrixes to the definitions that have collected over the years. Changes include definitions of hundreds of new rate sources, currencies and other market products that did not exist five years ago, said Katherine Darras, assistant general counsel at ISDA.
'05 Interest Rate Definitions May Become '06
