Iolie Calochristos

On 16 July 2025, the International Swaps and Derivatives Association (ISDA) launched the ISDA Notices Hub and the ISDA 2025 Notices Hub Protocol ("Notices Hub Protocol"). ISDA and S&P Global have developed the ISDA Notices Hub to address the challenges of effectively delivering notices under the ISDA Master Agreement. Issues can arise where an ISDA Master Agreement contains out-of-date address details for a party or if circumstances prevent the physical delivery of notices.

Our global team of expert derivatives lawyers have produced a series of quick-reference comparison tables analysing the differences and similarities between the ISDA Master Agreement and various local-law governed master agreements. The jurisdictions covered draw on the full width of our global practice and include contributions from relevant jurisdictions, including Australia, Brazil*, Canada, England, France, Germany, the Netherlands, Peru, Switzerland and the United States.

In brief On 23 October 2020, ISDA launched the ISDA 2020 Fallbacks Protocol (the IBOR protocol) and the ISDA Fallbacks Supplement to the 2006 ISDA Definitions (the IBOR Supplement). In this alert we provide a summary of the protocol and supplement, its implications and suggested next steps for firms regarding their derivatives documentation.