Following the publication of the ISDA Benchmark Supplement in September, the association has published the accompanying protocol supplement. The documents are intended to provide details of the actions parties will take for specified contracts if a referenced benchmark is materially changed or no longer provided. The ISDA Benchmarks Supplement also sets out primary triggers and fallbacks if a benchmark (including an IBOR) does not qualify for use in a relevant jurisdiction or qualification is subsequently suspended or withdrawn. Adherance to the protocol will be open from 10 December and can be applied by both ISDA members and non-members. Relevant document: http://www.isda.org/index.php/resources/pdf/benchmark_supplement.pdf.
Following the publication of the ISDA Benchmark Supplement in September, the association has published the accompanying protocol supplement. The documents are intended to provide details of the actions parties will take for specified contracts if a referenced benchmark is materially changed or no longer provided. Adherance to the protocol will be open from 10 December and can be applied by both ISDA members and non-members. Relevant document: http://www.isda.org/index.php/resources/pdf/benchmark_supplement.pdf.