May 20, 2021

The New 2021 ISDA Definitions: Part 1: An Overview



Ed Parker, Chris Arnold and Patrick Scholl, partners in Mayer Brown’s Derivatives & Structured Products groups, will discuss the release of the 2021 ISDA Definitions. The cornerstone of the $6.5-trillion-plus interest rate derivatives market, the ISDA Definitions—which provides contractual terms, elections and fallbacks for the derivatives market—is receiving its first major “root and branch” update since 2006. Ed, Chris and Patrick will discuss the key changes, what these mean for the participants and how the new definitions will work. A further discussion will follow on June 3, when, in Part 2, the impact of the 2021 ISDA Definitions on products and geographies will be discussed.

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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