ISDA says to look for updated ISDAFIX benchmark in 2014

09/19/2013 | Reuters · International Financing Review (free content)

ISDA is in the process of changing ISDAFIX, with a goal of rolling it out next year. Revision of the benchmark entails relying on transaction data, instead of rate submissions from contributing dealers. "The ISDAFIX problem is easier to fix than [the London Interbank Offered Rate] in the sense there is an underlying market of swap transactions," ISDA Chairman Stephen O'Connor said.

View Full Article in:

Reuters · International Financing Review (free content)

Published in Brief: