Shell bides time over Isda fallbacks
Oil major will adopt Isda protocol as “insurance policy” despite hedge accounting concerns
More than 12,000 entities have future-proofed their Libor derivatives contracts via a swaps fallback protocol devised by the International Swaps and Derivatives Association. One of those that hasn’t is Anglo-Dutch oil and gas giant Shell.
That is set to change next week as the company prepares to add its name to the list of signatories amid growing regulatory pressure on holdouts.
According to Frances Hinden, vice-president for treasury operations at Shell International, the company was
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