Hopes rise of ISDA recognition for index behind new OIS market

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Hopes rise of ISDA recognition for index behind new OIS market

An overnight index swap market that references secured funding rates across the eurozone — similar to a US market that was launched in July 2012 — could soon be a reality, with work well underway to have the index underlying the potential market recognised by the International Swaps and Derivatives Association (ISDA).

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