13  Page 6 of 12  We have not yet finalised the issue of adjustment spreads in our jurisdiction. The MPG will examine whether ISDA’s approach is appropriate for the domestic cash and derivatives markets and consider whether the methodology needs to be adjusted to account for the recent change in  the SARB’s monetary policy implementation  framework (MPIF).
This should only matter to the extent that the change in the new MPIF had a significant effect on the residual risk factors contained in the risk premium. Nonetheless, the MPG will make a determination on this in due course, as the adjusted ZARONIA rate will only be used as a replacement or fallback rate after the cessation of Jibar.