ISDA selects Bloomberg for fallback provision
The International Swaps and Derivatives Association has selected Bloomberg Index Services to assist with fallbacks provision as the derivatives industry prepares to transition away from Libor as its standard reference rate.
Bloomberg’s index business will calculate and publish adjustments related to fallbacks that ISDA intends to implement.Benchmark reform represents a major challenge for the financial industry. Making sure that robust fallback rates exist while market participants transition from Ibor referencing to alternative rates has been one of the most ...
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