The RBNZ has signed the IBOR Fallbacks Protocol issued by the International Swaps and Derivatives Association (ISDA) in an essential move for the Bank to help an effective and efficient shift away from LIBOR and additional crucial interbank offer rates (IBORs) by the end of 2021.
ISDA has lately published new documentation that will assist in easing the transition from IBORs to alternative risk-free rates.
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