Dec 18 2014
    Launch of the Markit iBoxx Australia and New Zealand Inflation-Linked Indices

    As part of the Markit iBoxx Annual Index Review, Markit is pleased to announce the launch of Australian and New Zealand dollar inflation-linked indices as part of the overall Markit iBoxx Global Inflation-Linked indices. The cut-off for the AUD and NZD Sovereign bonds in the Markit iBoxx Global Inflation-Linked indices will be AUD 500m and NZD 500m, respectively.

    The following new indices have been created:

    Index Name ISIN TRI ISIN CPI
    Markit iBoxx Australia Inflation-Linked Index GB00BSPBWQ38 GB00BSPBWR45
    Markit iBoxx Australia Inflation-Linked Index 1-5 GB00BSPBWS51 GB00BSPBWT68
    Markit iBoxx Australia Inflation-Linked Index 5+ GB00BSPBWV80 GB00BSPBWW97
    Markit iBoxx Australia Inflation-Linked Index 5-10 GB00BSPBWX05 GB00BSPBWY12
    Markit iBoxx Australia Inflation-Linked Index 10+ GB00BSPBWZ29 GB00BSPBX048
    Markit iBoxx New Zealand Inflation-Linked Index GB00BSPBX154 GB00BSPBX261
    Markit iBoxx New Zealand Inflation-Linked Index 1-5 GB00BSPBX378 GB00BSPBX485
    Markit iBoxx New Zealand Inflation-Linked Index 5+ GB00BSPBX592 GB00BSPBX600
    Markit iBoxx New Zealand Inflation-Linked Index 5-10 GB00BSPBX717 GB00BSPBX824
    Markit iBoxx New Zealand Inflation-Linked Index 10+ GB00BSPBX931 GB00BSPBXB59

    The inclusion of the AUD and NZD bonds in the Markit iBoxx Global Inflation- Linked indices, and subsequent launch of the indices listed above, will take place after the close of business on December 31st 2014.

    If you have any queries, please contact us at iBoxx@markit.com.

    Dec 18 2014
    Launch of new Singapore Dollar indices

    Markit is pleased to announce the launch of a wide range of new indices which will form part of the Markit iBoxx Singapore Dollar index family.

    The full list of indices, 232 in total, can be found in the attached document. These indices will be part of the EOD Indices files from Friday December 19th 2014 and the EOM XREF file from December 31st 2014. The EOD indices files and EOM XREF files are available on our FTP server in the following folders:

    • IBOXX_SGD\SGD_EOD_INDICES
    • IBOXX_SGD\SGD_EOM_XREF

    If you have any queries, please contact us at iboxx@markit.com

    Dec 17 2014
    Iosco compliance statement

    Markit administers its benchmark products in compliance with the Iosco Principles

    Markit announced on July 14th 2014 that it will administer its benchmarks products in compliance with Iosco’s final report on Principles for Financial Benchmarks (the “Iosco Principles”) before the end of 2014. Markit confirms today that it has completed full implementation of its compliance framework, which includes the following components:

    • Administrator Code of Conduct detailingthe policies and procedures to be followed by Markit as benchmark Administrator responsible for the development, administration, calculation and dissemination of products and services classified as benchmarks in the Iosco Principles

    • Governance and oversight structure designed to reconcile regulatory compliance with daily business management and industry expertise.

    • Conflicts of Interest Policies, Transition Policy and Complaints Procedures

    • The publication of transparent benchmark methodologies

    • Submitter Code of Conductdefining controls to be adopted by Submitters in accordance with Iosco Principle 14.

    Markit is now fully compliant with the Iosco Principles for the Markit iBoxx bond indices, the excess return and total return versions of the Markit CDX and iTraxx credit indices, and the Markit Dividend Focus indices. Markit’s Iosco related documentation including Markit’s Administrator Code of Conduct, Submitter Code of Conduct, statement on Iosco compliance and benchmarks classification can be found on Markit’s website here. This documentation will be updated periodically as Markit continues to work with Submitters and other stakeholders to make adjustments to the framework for submissions and to address the changing regulatory environment.

    While Markit has determined that several of its index products and services do not fall within scope of the “benchmark” definition under the Iosco Principles, Markit intends to administer these indices in alignment with its benchmark compliance framework and the Iosco Principles.

    Dec 16 2014
    Lithuania to become 19th member of eurozone

    On January 1st 2015 Lithuania will become a member of the monetary union of the European Union.

    Markit has identified the following three bonds issued by the Republic of Lithuania which are anticipated to enter the Markit iBoxx EUR Sovereigns index at the December 31st 2014 rebalance.


    ISIN Currency Issuer Name Ticker Coupon Maturity Amount Outstanding
    XS0212170939 EUR Republic of Lithuania LITHUN 3.75% 10-Feb-2016 1,000,000,000
    XS0327304001 EUR Republic of Lithuania LITHUN 4.85% 07-Feb-2018 1,400,000,000
    XS1130139667 EUR Republic of Lithuania LITHUN 2.13% 29-Oct-2026 1,000,000,000


    Please note, these bonds are currently in the Markit iBoxx EUR Overall index and are classified as Sub-Sovereigns > Other Sovereigns.Therefore the bonds listed above will be re-classified as Sovereigns > LITHUANIA.

    A new Lithuanian Sovereigns index will be launched to coincide with the inclusion of their bonds in the Markit iBoxx EUR Sovereigns index. This index will be included in the daily EUR indices files from January 2nd 2015. The base date will be December 31st 2014.


    Index Name Return Type ISIN SEDOL
    Markit iBoxx EUR Lithuania TRI GB00BTHH2T93 BTHH2T9
    Markit iBoxx EUR Lithuania CPI GB00BTHH2V16 BTHH2V1
    Markit iBoxx EUR Lithuania Mid Price TRI GB00BTHH2W23 BTHH2W2
    Markit iBoxx EUR Lithuania Mid Price CPI GB00BTHH2X30 BTHH2X3


    None of the bonds issued in Lithuanian Litas are eligible for the Markit iBoxx EUR Sovereigns index as their amount outstanding, after conversion to euros, is below the minimum cut-off of EUR 1bn.

    The projected weight of the Lithuanian bonds in the Markit iBoxx EUR Sovereigns index (based on November 30th 2014 values) is 0.069%.

    The Lithuanian bonds, with their new classification, are now available in the preview file which was published on December 12th 2014.

    For further information, please contact iboxx@markit.com

    Dec 15 2014
    December 2014 Quarterly Forecast for Markit iBoxx Asia Ex-Japan Indices

    Please find attached the quarterly weights forecast for the Markit iBoxx Asia Ex-Japan indices.

    For further information, please contact us at iboxx@markit.com

    Dec 15 2014
    December 2014 Quarterly Forecast for Markit iBoxx Pan Asia Indices

    Please find attached the quarterly weights forecast for the Markit iBoxx Pan Asia indices.

    For further information, please contact us at iboxx@markit.com

    Dec 10 2014
    Restatement of Markit iBoxx USD Leveraged Loan indices

    Please note Markit has restated the Markit iBoxx USD Leveraged Loans index and the Markit iBoxx USD Liquid Leveraged Loan index for December 1st 2014 through December 9th 2014.

    The following constituent changes have occurred:
    Markit iBoxx USD Leveraged Loans index
    Addition: LX118871 Texas Competitive Electric Holdings Company LLC (TXU)

    Markit iBoxx USD Liquid Leveraged Loan index
    Addition: LX118871 Texas Competitive Electric Holdings Company LLC (TXU)
    Removal: LX134084 Salix Pharmaceuticals Ltd.

    In addition to the December monthly components files, the following daily files have been restated from December 1st 2014 through December 9th 2014:

    iBoxx USD Leveraged Loan index:
    markit_iboxx_usd_lev_ln_eod_indices_YYYYMMDD.csv
    markit_iboxx_usd_lev_ln_eod_underlyings_YYYYMMDD.csv
    markit_iboxx_usd_lev_ln_eom_components_20141130.csv

    iBoxx USD Liquid Leveraged Loan index:
    markit_iboxx_usd_liquid_100_lev_ln_eod_indices_YYYYMMDD.csv
    markit_iboxx_usd_liquid_100_lev_ln_eod_underlyings_YYYYMMDD.csv
    markit_iboxx_usd_liquid_100_lev_ln_eom_components_20141130.csv

    The updated data is now available on our FTP server as well as the Markit indices website.

    For more information, please contact us at iboxx@markit.com.

    Dec 03 2014
    Restatement of Markit iBoxx USD Liquid High Yield Mid Price Indices

    Due to a price change for bond US30251GAK31 (FMGAU 6.0% 04/01/17), the following USD Liquid High Yield Mid Price indices and underlyings files have been restated as of the December 2nd 2014:

    iboxx_usd_lq_hy_mid_eod_underlyings_20141202.csv
    iboxx_usd_lq_hy_mid_eod_indices_20141202.csv

    This price change only affects the indices listed below:
    Index name Previous level Updated level
    iBoxx USD Liquid High Yield Mid Price 112.89927995 112.81589844
    iBoxx USD Liquid High Yield 1-3 Mid Price Index 109.58504236 108.62527715
    iBoxx USD Liquid High Yield Basic Materials Mid Price Index 111.14091042 110.04822685
    iBoxx USD Liquid High Yield BB Mid Price Index 112.67092971 112.51127194

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com.

    Dec 01 2014
    Restatement of Markit iBoxx EUR EOM Components files

    Due to a data change for bond FR0012329845 - BNP Paribas - 4.032% - Perpetual - EUR 1bn, the following EUR EOM Component files have been restated as of the November 30th 2014 rebalance:

    iboxx_eur_eom_components_201412.csv
    iboxx_eur_eom_components_mid_201412.csv

    The newly published files are now available on our FTP server at the following locations:

    /IBOXX_EUR/EUR_EOM_COMPONENTS
    /IBOXX_EUR/EUR_EOM_COMPONENTS/MID

    For more information, please contact us at iBoxx@markit.com

    Dec 01 2014
    Discontinuation of real time Markit iBoxx FX Trade Weighted indices

    As of Monday December 8th, Markit will no longer disseminate the following real time Markit iBoxx FX Trade Weighted indices:
    Index Name Reuters RIC
    Markit iBoxxFX AUD TWI .IBOXXFXAUD
    Markit iBoxxFX CAD TWI .IBOXXFXCAD
    Markit iBoxxFX CHF TWI .IBOXXFXCHF
    Markit iBoxxFX EUR TWI .IBOXXFXEUR
    Markit iBoxxFX GBP TWI .IBOXXFXGBP
    Markit iBoxxFX JPY TWI .IBOXXFXJPY
    Markit iBoxxFX NOK TWI .IBOXXFXNOK
    Markit iBoxxFX NZD TWI .IBOXXFXNZD
    Markit iBoxxFX SEK TWI .IBOXXFXSEK
    Markit iBoxxFX USD TWI .IBOXXFXUSD

    The European and US end of day snaps for the Markit iBoxx FX Trade Weighted indices will not be affected.

    Please contact iBoxx@markit.com if you have further questions.

    Dec 01 2014
    Enhanced pricing methodology released for Markit iBoxx indices

    Following our notifications on July 1st and November 3rd 2014, we are writing to confirm that changes to the pricing methodology for bonds contained in a number of Markit iBoxx indices were implemented and released on December 1st 2014.

    The index families affected include:

    •Markit iBoxx EUR
    •Markit iBoxx EUR High Yield
    •Markit iBoxx GBP
    •Markit iBoxx Global Inflation Linked

    This change follows the rollout of pricing methodology enhancements to the Markit iBoxx USD indices, Markit iBoxx Asian indices and Markit iBoxx GEMX indices. It completes the global review of the pricing methodology for Markit iBoxx indices.

    From December 1st 2014, the majority of Markit iBoxx indices are powered by Markit’s bond pricing service. This service collects market data from a variety of sources, including:

    •contributed data
    •indicative pricing from market makers
    •third party data
    •transaction data

    The data is validated against a number of dynamic parameters to increase the accuracy and quality of pricing data used as an input for the calculation of the indices. Midday and end of day bond pricing are enhanced while real time bond pricing is not affected by this change.

    The updated index methodology documents as well as the Markit iBoxx Pricing Rules are available on the Markit website here.

    Please contact iboxx@markit.com if you have further questions.

    Nov 19 2014
    Updated List of Retail Bonds

    Markit has identified additional Retail issues. The bonds in question have been added to the attached lists.

    Nov 17 2014
    Updated List of Private Placements

    Markit has identified additional Private Placement issues. The bonds in question have been added to the attached lists.

    Nov 17 2014
    Markit launches Markit iBoxx Contingent Convertible Indices

    The Markit iBoxx Contingent Convertible index family tracks the performance and emergent issuance of bank Additional Tier 1 (AT1) and Tier 2 (T2) Contingent Convertible (CoCo) instruments from January 1st 2013 onwards which are Basel III compliant.

    The indices provide a broad representation of the developed and emerging market bank CoCo issuance in GBP, EUR and USD. The sub indices for AT1 and T2 capital tiers allow for detailed multidimensional analysis of the underlying bank CoCo market for sophisticated performance measurement and comparison.

    For more information, please contact iBoxx@markit.com

    Nov 12 2014
    UPDATE: FTP File Format Changes

    On October 15th 2014 Markit announced the introduction of a unified file format for a subset of iBoxx indices. The iBoxx files in question are the end of day indices and underlying files, and the end of month component files (including previews) for the following indices:

    Markit iBoxx EUR Benchmark indices
    Markit iBoxx GBP Benchmark indices
    Markit iBoxx USD Benchmark indices
    Markit iBoxx EUR Liquid indices
    Markit iBoxx GBP Liquid indices
    Markit iBoxx USD Liquid IG indices
    Markit iBoxx USD Liquid HY indices

    Following a consultation period with customers regarding the impact these changes will have on their processes, it has been agreed that the final cut-off date for customers to transition to the new format will be Monday, February 2nd 2015.

    On this date, Markit will cease to publish files in the current format and will only publish files in the new format in the main folders of their respective indices. The files in their current format will be published in the main folders for the final time on January 31st 2015.

    To facilitate the change-over for customers, files in the new format are currently published on our FTP server in a separate folder called AIR2013. For example, the new format Markit iBoxx EUR EOD Indices file is published here:

    \IBOXX_EUR\EUR_EOD_INDICES\AIR2013.

    On Monday, February 2nd 2015 this same file will only be published here:

    \IBOXX_EUR\EUR_EOD_INDICES.

    Files will no longer be published in the AIR2013 folders once the change-over is completed.

    Mapping files

    Please find attached the previous announcement regarding the change-over, as well as the mapping files which will aid in the transition. We have also included an FAQ document which should address any additional questions you may have relating to the change.

    If you require any further information, please feel free to contact us at iboxx@markit.com

    Nov 03 2014
    Update - Markit confirms implementation of pricing methodology enhancements for Markit iBoxx indices

    November 3rd 2014

    Markit announced on July 1st 2014 that changes to the pricing methodology would be implemented for bonds contained in a number of Markit iBoxx indices.

    To complete the global review of the pricing methodology for Markit iBoxx indices, the implementation will take place on December 1st 2014.

    The index families that will be affected include:

    •Markit iBoxx EUR
    •Markit iBoxx EUR High Yield
    •Markit iBoxx GBP
    •Markit iBoxx Global Inflation Linked

    This change follows the rollout of pricing methodology enhancements to the Markit iBoxx USD indices, Markit iBoxx Asian indices and Markit iBoxx GEMX indices.

    From December 1st 2014, the majority of Markit iBoxx indices will be powered by Markit’s bond pricing service. This service collects market data from a variety of sources, including:

    •contributed data
    •indicative pricing from market makers
    •third party data
    •transaction data

    The data is validated against a number of dynamic parameters to increase the accuracy and quality of pricing data used as an input for the calculation of the indices. Midday and end of day bond pricing will be enhanced while the real time bond pricing will not be affected by this change.

    The updated index methodology documents as well as the Markit iBoxx Pricing Rules will be available on the Markit website here prior to December 1st 2014.

    Please contact iBoxx@markit.com if you have further questions.

    Oct 29 2014
    Markit Launches IOS indices

    Oct 29 2014
    Markit Launches CMBX.NA.AM Sub-Indices

    Oct 29 2014
    Markit to Launch Additional IOS and PO Indices

    Oct 29 2014
    Markit CMBX Series 7 - January 27th, 2014 launch date announced. Draft annexes now available.

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