IHS Markit has, following the Index Rule Review announced on the
21 June 2019, consulted with the iTraxx Asia ex-Japan Index Advisory Committee and received additional feedback from market participants.
Based on the feedback received, IHS Markit currently expects to proceed with amending the Index rules for the September 2019 Roll (iTraxx Asia ex-Japan Series 32) with the aim of gradually further aligning the Index with the overall Asia ex-Japan IG USD bond market.
Following the September 2019 Roll, the current expectation is that IHS Markit will continue with this alignment process over subsequent Rolls until the sector and market weights of the CDS index are substantially in line with the Asia ex-Japan USD bond market.
The below presentation outlines the proposed index selection criteria and contains an indicative Provisional List for iTraxx Asia ex-Japan Series 32. This indicative Provisional List is based on CDS liquidity numbers published by DTCC in March 2019 and debt market figures and ratings from the end of June. Please note it is strictly for guidance purposes only and subject to change ahead of the Index Roll with the iTraxx Asia ex-Japan Series 32 list expected to be published in September.
Market participants with questions or wishing to provide final feedback are kindly asked to do so by the 25
th of July by contacting
itraxxadvisory@ihsmarkit.com. Following that date, IHS Markit will provide a further update and, if necessary, publish revised Index Rules.