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Eingabehilfen

Author: Hannah Patterson Smith

ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol

On 18 August the International Swaps and Derivatives Association, Inc. (ISDA) launched and opened for adherence the ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol (the Protocol). The Protocol provides a mechanism for market participants to, amongst other things, amend the terms of certain legacy ISDA collateral agreements which reference EONIA to incorporate a fallback to €STR plus 8.5 basis points upon the cessation of EONIA. Please read more about it in our note, linked to below.