Isda plans separate workstream for currency disruption provisions
Industry body to exclude update from 2020 definitions
The International Swaps and Derivatives Association has dropped plans to include an update to its provisions for deliverable currency disruption events in the new 2020 definitions.
Originally meant to be part of its ongoing work to revise the interest rate derivatives definitions, the trade body will instead approach the issue of drafting a set of additional provisions for such events as a standalone project.
Discussions are at the early stages with a number of stakeholders, including the
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