Minutes of meeting held on 21 April 2021.
LIBOR Trade Association Working Party meeting minutes – 24 March 2021
Minutes of meeting held on 24 March 2021.
ICMSA response: HMT consultation supporting the wind-down of critical benchmarks
ICMSA’s response to HM Treasury consultation supporting the wind-down of critical benchmarks
IBOR transition: Discontinuation of LIBOR/IBORS
The ICSDs’ recommendation for a smooth transition – February 2021.
LIBOR Trade Association Working Party meeting minutes – 24 February 2021
Minutes of meeting held on 24 February 2021.
ICMSA Bulletin 201202/52: ICMSA Recommendation with respect to requirements for Payment Business Days
With the continuing expansion of local currencies now eligible for securities primarily deposited for settlement within Clearstream Banking, Luxembourg and Euroclear Bank SA/NV, the (“ICSDs”), some uncertainty has arisen with regard to the application of ICSDs’ Payment Business Days. A number of countries, particularly within the Middle Eastern Region, maintain business days which fall on a Saturday/Sunday, which are not operative within the ICSDs, and the new revised bulletin is designed to clarify the ICSDs’ position in this regard. The Bulletin sets out all the recommended Payment Business Day criteria to be utilised within newly constituted security documentation as well as for programme updates. In addition, clarification is provided regarding the question of maintaining fungibility for future tap issues.