On 4 October 2021, the ISDA issued a product table for RFR conventions and IBOR fallbacks.

The table is intended to help counterparties understand how the fallbacks would function in their legacy and new derivatives that reference IBORs. It sets out how fallbacks in ISDA’s amended documentation (without reference to the 2021 ISDA Interest Rate Derivatives Definitions) would function for various different products, including certain non-linear products. The ISDA also sets out the standard conventions for the same products that reference IBORs and the standard and/or expected conventions for such products that reference risk free rates as of the date of the document.