Parrying

Summary

Players may parry melee attacks with shields, two-handed weapons, wrestling weapons and parry daggers.
Weapon parrying will result in the weapon taking durability damage similar to shields, albeit at a reduced rate
Players with both 80 Magery and 80 Parrying or greater may cast spells and meditate with a shield (meditation rate will still be affected by the shield's meditation penalty)
Players with 80 Parrying and 80 Tactics or 80 Wrestling can use a Codex of Parrying
Armor rating provided from shields is (50% * Shield Base AR) + (50% * Shield Base AR * (Parrying Skill / 100))
Provides a (50% * (Effective Parry Skill / 100)) reduction to Stamina losses that occur due to taking damage

Chance to parry a melee attack is (50% * (Parrying Skill / 100))
Successfully parrying an attack from another player or creature will reduce its damage by 75%
Successfully parrying an attack from another player, while wielding a two-handed weapon, will reduce its damage by only 50% however

Players have a (25% * (Parrying Skill / 100)) chance to parry a spell cast by a creature
Successfully parrying a spell from a creature will reduce its damage by 75%
You cannot parry spells in PVP

Players may attempt to Taunt by typing [Taunt or by shift-clicking themselves and selecting the "Taunt" entry
Players can elect to target a specific creature to taunt, or they may taunt all nearby creatures by selecting themselves or the ground
If the player successfully passes a Parry skill check, they will perform a Taunt
Players can only make one Taunt attempt every 15 seconds

Lasts for 15 seconds
Drastically increases player's Aggro to the targeted creature
Provides an Effective Armor Rating bonus of (25 * (Effective Parry Skill / 100)) against all creatures

Lasts for 15 seconds
Drastically increases player's Aggro to all nearby creatures
Provides an Effective Armor Rating bonus of (25 * (Effective Parry Skill / 100)) against all creatures

Players with 80 Parrying and 80 Tactics or 80 Wrestling can use a Codex of Parrying to further reduce damage taken.

Parry Codex Stances and Finishers
Type	Name	Description
Stance	Shield Bash	Increases Damage Resistance against player's combatant by 3% per rank and has a 4% per rank chance when hit by melee attack from combatant to Hinder them for 3 seconds
Stance	Warding	Reduces Poison, Bleed, and Disease tick damage by 8% per rank
Stance	Testudo	Damage Resistance increased by 1.5% per rank for each creature currently aggroed onto player up to a maximum of 5 creatures
Stance	Mirror	Reduces spell damage taken by 7% per rank
Stance	Bulwark	Increases Damage Resistance by 5% per rank if player has been stationary for 3 seconds or more
Finisher	Last Stand	Has a 5% chance per rank to reduce any damage taken to 1
Finisher	Barrier	Has a 10% chance per rank to reduce any Poison, Bleed, or Disease tick Damage to 1

Note that after about 0.5% of Skill gained, a monster will stop giving parry skill gain requiring you to get new ones.

Skill	Activity
0-50	Train from NPC
50-80	Passively when damage is dealt to the player while in the New Player Dungeon
80-100	Gather low level Creatures (graveyards or pets in cities for example) and let them hit you Have another character hit you with a training weapon (much slower but uncapped).