On December 15, 2023, the International Swaps and Derivatives Association, Inc. ("ISDA") published its legal opinion (the "ISDA RMI Opinion") as to the enforceability under the law.
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January 29, 2024, marks the end of an era for the interest rate derivatives (“IRD”) markets, since on this date the International Swaps and Derivatives Association (“ISDA”) and Clarus.