Designated Maturity - ISDA Definition

ISDA Definitions Go Premium In a Nutshell™ Section 7.3(b): 7.3(b) “Designated Maturity” means the period specified as such in the Confirmation. view template 2006 ISDA Definitions: The full text of Section 7.3(b): 7.3(b) “Designated Maturity” means, in respect of a Swap Transaction or a party, the period of time specified as such in the related Confirmation. view template Resources: 2006 ISDA DefinitionsArticles: 1 General definitions | 2 Parties | 3 Term and dates | 4 Definitions relating to payments | 5 Fixed Amounts | 6 Floating Amounts | 7 | 8 | 9 Payments | 10 | 11 | 12 | 13 Exercise of Options | 14 | 15 | 16 Optional Early Termination | 17 Mandatory Early Termination | 18 Cash Settlement | 19 ISDA Settlement Matrix | Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Yes, and I know what you’re thinking: that was worth missing the last train home for, wasn’t it.

It relates to the calculation of interest periods which, in the 2006 ISDA Definitions, are defined without reference to a particular duration: for example: “AUD-Swap Rate-Reuters”. To get your actual rate you need to apply a Designated Maturity — three months, or overnight, for example.

Trying, I know. Well — not so much trying as stupefyingly dull — and since LIBOR — cue the dramatic look gopher — is now going the way of all flesh, they’ll probably have to rip up and redo the 2002 ISDA Equity Derivatives Definitions anyway. It would be fun to see the look on Linklaters’ faces if someone says, “hey let’s do the whole thing in FpML!”

See also

• FpML
• Hindenburg
• Flight 19