LIBOR Transition: ISDA Protocol ‐ What do I need to do?

To ensure the smooth transition away from LIBOR upon a LIBOR cessation event, anticipated at the end of 2021, your bank should have proper LIBOR cessation fallbacks in place in each of your derivative transactions.  For derivative transactions in place with Swap Dealers, the quickest and most efficient way to ensure your derivatives have proper LIBOR fallback terms is to adhere to the IBOR Fallbacks Protocol.

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