I'm a bit confused by the Phase 2 amendments.
If a derivative is replaced by a new derivative due to benchmark reform and the terms of the new derivative are not substantially modified, do I need to terminate and de-designate the existing hedge relationship (with a original derivative) or can I continue it and only need to amend the hedge documentation?
IBOR Reform
Re: IBOR Reform
Have you got your answer?
Could you share it with us please?
Thanks you !
Could you share it with us please?
Thanks you !
Re: IBOR Reform
I haven’t got any replies , neither here nor anywhere else but I think it’s covered by Phase 2 of IBOR reform expedients and only hedge documentation would need to be amended.
Re: IBOR Reform
Yes, you can continue the original hedge relationship if indeed the derivative has been replaced just because of the interest rate benchmark change
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- Joined: 08 Jan 2020, 13:49
Re: IBOR Reform
Any practical examples on IBOR reform phase 2?