Markit
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Markit CDX
Markit CDX family of indices is the standard North American and Emerging Markets tradeable credit default swap family of indices worldwide.
Product summary:

The Markit CDX indices are a family of indices covering multiple sectors. The main indices are: Markit CDX North American Investment Grade (125 names), Markit CDX North American Investment Grade High Volatility (30 names from CDX IG),  Markit CDX North American High Yield (100 names), Markit CDX North American High Yield High Beta (30 names), Markit CDX Emerging Markets (15 names), and Markit CDX Emerging Markets Diversified (40 names).

The Markit CDS indices roll semi-annually in March and September. Credit events that trigger settlement for individual components are Bankruptcy and Failure to pay. Credit events are settled via credit event auctions.

Key benefits:
Trading efficiency - Participants can trade large sizes quickly and confirm all trades electronically
Liquidity - Wide dealer and industry support allow for significant liquidity in all market conditions
Market acceptance - Markit CDX indices are accepted as a key benchmark of the overall market credit risk
Standardization - All characteristics are standard and documented leaving no room for interpretation
Transparency - Pricing is freely available daily on all indices
Key functions:
Exposure to corporate credit - Participants can easily gain exposure to a diversified portfolio of credits
Hedge credit risk - Indices are an efficient liquid method to hedge a portfolio's credit risk via a transparent and standardized basket
Enhance liquidity in the single name market - The liquidity of the index flows into the single name CDS market
Index Trade Volume
Daily CDS Index Trade Volume Data
More Information
Markit LCDX Rules (Mar 2013)Markit LCDX Rules (Mar 2013)
Markit CDX HY and IG Rules (Mar 2013)Markit CDX HY and IG Rules (Mar 2013)
Markit CDX EM Rules (Mar 2013)Markit CDX EM Rules (Mar 2013)
Markit Credit Indices TimelineMarkit Credit Indices Timeline
Index Documents
Index Annex
Confirmations
Index Annex Archives
Confirmations Archives
Primers
Settled Entity Matrix
Related Links
Credit Fixings
For more information about Markit, please contact us at any of our regional offices
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