| The Asia/Pacific Markit iTraxx indices typically trade on a 5-year maturity and a new series is determined by dealer liquidity poll every 6 months. |
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| Product summary: |
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| The Markit iTraxx Asian indices comprise two Asia ex-Japan indices (A 50 equally-weighted investment grade and a 20 equally-weighted high yield CDS index of Asian entities), an Markit iTraxx Australia index (25 equally-weighted Australian entities) and the iTraxx Japan index (50 equally-weighted CDS of Japanese entities). |
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| Key benefits: |
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| Trading efficiency |
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| Liquidity |
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| Broad market support |
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| Standardisation |
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| Transparency |
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| Key functions: |
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| Exposure to various corporate bonds |
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| Hedge credit risk |
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| Enhance liquidity in the single name market |
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