Consultation on a fallback rate for Stibor
This is a consultation on a possible recommendation from the Swedish Bankers’ Association for the design of a fallback solution for Stibor. A fallback here refers to a process defined in financial contracts that stipulates what happens if the reference rate, Stibor, were to be discontinued. The type of fallback described in this consultation is part of an ongoing global effort to strengthen financial contracts and it standardises what happens should the reference rate in contracts be discontinued.
The Consultation period ends the 10th of June 2021.
Answers to the questions and any other comments should be sent to the Swedish Bankers’ Association at the e-mail address: email@example.com no later than 10 June 2021.
Questions in relation to the consultation can be sent to Jonny Sylvén: firstname.lastname@example.org.