Following the previously announced rule review
for iTraxx Asia-ex Japan, IHS Markit has decided to continue reviewing a possible amendment to the index rules that would allow for the inclusion of large debt issuers in the index that currently do not have liquid CDS traded on them. IHS Markit will continue to consult market participants on the rule change and will look to make an announcement ahead of the iTraxx Asia ex-Japan Series 31 index roll.
For iTraxx Asia ex-Japan Series 30, IHS Markit is making one adjustment to the index rules: all entities included in the index will need to have an outstanding minimum publicly traded debt of USD 150m or guarantee USD 150m. Replacement entities included in the index will be selected from the CDS liquidity list provided that the issuer country is a country that is currently underweight in the iTraxx Asia ex-Japan index in comparison to the iBoxx Asia ex-Japan USD Investment Grade Index.
IHS Markit would ask market participants to please contact (email@example.com
) with any queries or feedback.