Shell bides time over Isda fallbacks

Oil major will adopt Isda protocol as “insurance policy” despite hedge accounting concerns

Shell-Logo

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: