FAQs on the ISDA Benchmarks Supplement
ISDA has today published the ISDA Benchmarks Supplement developed by an ISDA working group that includes dealers, asset managers, institutional investors, funds and other end users.
The Benchmarks Supplement provides market participants with the ability to enhance contractual robustness for certain derivatives which reference interest rate, equity, fx and commodities benchmarks. It has been designed to help firms address the requirements of the European Benchmarks Regulation and also responds to IOSCO’s Statement on Matters to Consider in the Use of Financial Benchmarks.
Linklaters is delighted to have advised ISDA on this project and is pleased to provide a series of FAQs outlining key aspects of the Benchmarks Supplement and its operation.