KeyBank has elected to follow the International Swaps and Derivatives Association’s (ISDA) 2020 IBOR Fallbacks Protocol. Visit ISDA.org to read KeyBank’s adherence letter and view the list of adhering parties. If you, too, adhere to the Protocol, then swaps entered into between us before January 25, 2021, will be deemed amended to incorporate the Protocol’s fallback provisions. For swaps entered into on or after January 25, 2021, the 2006 ISDA definitions (which contain the relevant fallback language similar to that contained in the Protocol) are incorporated. KeyBank does not require, and cannot recommend or advise, a borrower to adhere to the Protocol. The decision on whether to adhere is entirely the borrower’s decision to make. KeyBank can accommodate borrowers who adhere to the Protocol or do not adhere to the Protocol.