| SuperMedia Inc. and Dex Media West, Inc. Removed from Markit LCDX |
|
19 April 2013 - Bankruptcy credit events have occured for both Supermedia Inc. and Dex Media West, Inc. Credit auctions will be held to settle LCDS trades for both names on April 24, 2013. To facilitate processing of these events, two sets of new versions will be issued for the impacted Markit LCDX index series. The sequence of removal of the entities will be consistent with the expected sequence of the auctions. The first set of new versions will have an annex date of April 23, 2013, with the weighting for SuperMedia set to zero. The provisional RED codes for the new versions are listed below. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
14 |
6 |
5F199GGO9
|
| LCDX.NA |
15 |
5 |
5F199GGP6
|
| LCDX.NA |
16 |
5 |
5F199GGQ4
|
| LCDX.NA |
17 |
4 |
5F199GGR2
|
| LCDX.NA |
18 |
3 |
5F199GGS0
|
| LCDX.NA |
19 |
2 |
5F199GGT8 |
|
The second set of new versions will have an annex date of April 24, 2013, with the weighting for both SuperMedia and Dex Media set to zero. The provisional RED codes for the new versions are listed below. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
14 |
7 |
5F199GGU5
|
| LCDX.NA |
15 |
6 |
5F199GGV3
|
| LCDX.NA |
16 |
6 |
5F199GGW1
|
| LCDX.NA |
17 |
5 |
5F199GGX9
|
| LCDX.NA |
18 |
4 |
5F199GGY7
|
| LCDX.NA |
19 |
3 |
5F199GGZ4 |
|
| Reliant Energy, Inc. Removed from Markit LCDX |
|
| 15 April 2013 - All loans listed on the Syndicated Secured List for GenOn Energy, Inc. were voted off through a dealer poll. The entity was listed under the Reliant Energy, Inc. name in older series. The 30 business day window for suggesting substitute obligations ends at the close of business April 16, 2013. A new version of the impacted Markit LCDX series will be issued at that point, with an annex date of April 16, 2013. As per best practices, cash settlement can occur after ten business days on April 30, 2013. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
10 |
34 |
5F199GGL5
|
| LCDX.NA |
12 |
25 |
5F199GGM3
|
| LCDX.NA |
13 |
17 |
5F199GGN1 |
Please note that the entity was listed under the RRI Energy, Inc. name in LCDX series 14. As that series was launched under the Bullet contract, it does not include optional early termination provisions.
Additionally, no new versions will be issued for Markit LCDX series 8 or Markit LCDX series 9 as all issued tenors of those series have matured. |
| Credit Events Determined for Dex Media West, Inc., and SuperMedia Inc. |
|
| 02 April 2013 – Bankruptcy credit events have occurred for Dex Media West, Inc., and SuperMedia Inc. Credit auctions will be conducted for both names to determine the final price for LCDS trades. Dex Media West, Inc., and SuperMedia Inc. will be removed from Markit LCDX series 14, 15, 16, 17, 18 and 19 once the auctions are completed. |
| Names Updated in Markit LCDX.NA.20 |
|
| 02 April 2013 - Please note that the two constituents listed below have gone through renames. The records have been updated for the upcoming Markit LCDX index and the new names will appear in the final annex of series 20. |
| Previous Name |
Current Name |
| DaVita Inc. |
DaVita HealthCare Partners Inc.
|
| Realogy Corporation |
Realogy Group LLC |
|
| Coupon and RED Code for Markit LCDX.NA.20 |
|
| 28 March 2013 – The coupon for Markit LCDX.NA.20 will remain at 250 bps. The provisional RED code for the index is listed below. |
| Index |
RED Code |
| LCDX.NA Series 20 Version 1 |
5F199GGK7 |
|
| Updated List of Additions for Markit LCDX.NA.20 |
|
| 21 March 2013 – Following are the updated additions for the upcoming Markit LCDX.NA.20 index that will roll on 3 April, 2013. Please note that this list remains provisional till publication of the final annex for the index. |
| Additions |
| Affinion Group, Inc.
|
| Navistar, Inc.
|
| Silver II US Holdings, LLC
|
| Tribune Company |
|
| List of Additions for Markit LCDX.NA.20 |
|
| 20 March 2013 – Following are the additions expected for the upcoming Markit LCDX.NA.20 index that will roll on 3 April, 2013. Please note that this list remains provisional till publication of the final annex for the index. |
| Additions |
| Affinion Group, Inc.
|
| Hamilton Sundstrand
|
| Navistar, Inc.
|
| The Neiman Marcus Group, Inc. |
|
| List of Removals for Markit LCDX.NA.20 |
|
| 18 March 2013 – Following are the removals expected from the upcoming Markit LCDX.NA.20 index that will roll on 3 April, 2013. Please note that this list remains provisional till publication of the final annex for the index. |
| Removals |
| Dex Media West, Inc.
|
| Mylan Inc.
|
| MetroPCS Wireless, Inc.
|
| SuperMedia Inc. |
|
| Index Roll Timeline Published |
|
| 01 March 2013 - The index roll timeline for Markit LCDX is now available below. |
| Mylan Inc. Removed from Markit LCDX Indices |
|
| 18 January 2013 - All loans listed on the Syndicated Secured List for Mylan Inc. were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations ends at the close of business January 18, 2013. A new version of the impacted Markit LCDX series will be issued at that point, with an annex date of January 18, 2013. As per best practices, cash settlement can occur after ten business days on February 4, 2013. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
10 |
33 |
5F199GGH4 |
| LCDX.NA |
12 |
24 |
5F199GGI2 |
| LCDX.NA |
13 |
16 |
5F199GGJ0 |
|
|
|
| Markit LCDX Series 19 Tranches |
|
| 28 November 2012 – The index tranches for Markit LCDX will roll on 8 January, 2012. The attachment and detachment points will remain as 0-8%, 8-15%, 15-30% and 30-100%. |
| Coupon and RED code for Markit LCDX.NA.19 |
|
| 28 September 2012 – The coupon for Markit LCDX.NA.19 will remain at 250 bps. The provisional RED code for the new series, scheduled to launch on October 3, is as follows: |
| Index |
Series |
Version |
9 digit RED ID |
| LCDX.NA |
19 |
1 |
5F199GGG6 |
|
| Provisional list of additions for Markit LCDX.NA |
|
| 19 September 2012 - Following are the additions expected for the upcoming Markit LCDX.NA.19 index that is set to roll on 3 October, 2012. Please note that these changes remain provisional until publication of the finalized annex for the index. |
| Additions |
| WideOpenWest Finance, LLC
|
| Party City Holdings Inc.
|
|
|
| Provisional list of removals for Markit LCDX.NA.19 |
|
| 14 September 2012 - Following are the changes expected for the upcoming Markit LCDX.NA.19 index that is set to roll on 3 October, 2012. Please note that these changes remain provisional until publication of the finalized annex for the index. |
| Removals |
| Hawker Beechcraft Acquisition Co LLC |
| Ford Motor Company |
|
| Markit LCDX Roll Timeline |
|
| 31 August 2012 - the index roll timelines for the Markit LCDX Index is available. |
| Ford Motor Company Removed from Markit LCDX Indices |
|
| 17 July 2012 – All loans listed on the Syndicated Secured List for Ford Motor Company were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations has ended as of the close of business today, July 17, 2012. New versions of the impacted Markit LCDX series have been issued with an annex date of July 17, 2012. As per best practices, cash settlement can occur after ten business days on July 31, 2012. Please note that Ford Motor Company was also a constituent of Markit LCDX series 8. A new version will not be issued for that series as all issued tenors have matured. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
9 |
35 |
5F199GGF8
|
| LCDX.NA |
10 |
32 |
5F199GGB7
|
| LCDX.NA |
12 |
23 |
5F199GGD3
|
| LCDX.NA |
13 |
15 |
5F199GGC5 |
|
| Solo Cup Company Removed from Markit LCDX |
|
28 June 2012 – All loans listed on the Syndicated Secured List for Solo Cup Company were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations ends at the close of business June 28, 2012. A new version of the impacted Markit LCDX series will be issued at that point, with an annex date of June 28, 2012. As per best practices, cash settlement can occur after ten business days on July 13, 2012. Please note that Solo Cup Company was also a constituent of Markit LCDX series 8. A new version will not be issued for that series as all issued tenors have matured. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
9 |
34 |
5F199GGA9 |
|
| Hawker Beechcraft Acquisition Removed from Markit LCDX |
|
| 24 April 2012 – A failure-to-pay credit event has been declared for Hawker Beechcraft Acquisition Company, LLC, by the ISDA Determinations Committee. A credit auction will be held to settle LCDS trades on April 26, 2012. Therefore, new version of the impacted Markit LCDX index series will be issued with Hawker Beechcraft removed and an annex date of April 26, 2012. The RED codes for the new versions are listed below. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
13 |
14 |
5F199GFU6
|
| LCDX.NA |
14 |
5 |
5F199GFV4
|
| LCDX.NA |
15 |
4 |
5F199GFW2
|
| LCDX.NA |
16 |
4 |
5F199GFX0
|
| LCDX.NA |
17 |
3 |
5F199GFY8
|
| LCDX.NA |
18 |
2 |
5F199GFZ5 |
|
| Insight Midwest Holdings, LLC to be Removed from Markit LCDX |
|
| 24 April 2012 – All loans listed on the Syndicated Secured List for Insight Midwest Holdings, LLC, were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations ends at the close of business April 25, 2012. A new version of the impacted Markit LCDX series will be issued at that point, with an annex date of April 25, 2012. As per best practices, cash settlement can occur after ten business days on May 10, 2012. |
| Index |
Series |
Version |
9 digits REDID |
| LCDX.NA |
8 |
37 |
5F199GFS1
|
| LCDX.NA |
9 |
33 |
5F199GFT9 |
|
| Credit Event Determined for Hawker Beechcraft Acquisition |
|
| 11 April 2011 - A failure-to-pay credit event has been declared for Hawker Beechcraft Acquisition Company, LLC, by the ISDA Determinations Committee. Following a round of voting, the Markit LCDX dealers have confirmed that an auction will be held to determine the final price for LCDS trades. Hawker Beechcraft Acquisition will be removed from LCDX Series 13, 14, 15, 16, 17 and 18 after the auction is completed. |
| Coupon for Markit LCDX.NA.18 |
|
| 29 March 2012 – The coupon for Markit LCDX.NA.18 will be 250 bps. The index continues to roll with a maturity of 5 years. |
| Provisional RED Code for Markit LCDX.NA.18 |
|
| 28 March 2012 – The provisional RED code for Markit LCDX.NA.18, scheduled to launch on April 3, is as follows: |
| Index |
Series |
Version |
9 digit RED ID |
| LCDX.NA |
18 |
1 |
5F199GFR3 |
|
| Provisional list of additions for Markit LCDX.NA.18 |
|
| 20 March 2012 - Following are the additions expected for the upcoming Markit LCDX.NA.18 index that is set to roll on 3 April, 2012. Please note that these changes remain provisional until publication of the finalized annex for the index. |
| Additions |
| Asurion, LLC
|
| NOVELIS INC.
|
| Terex Corporation
|
|
|
| Provisional list of removals for Markit LCDX.NA.18 |
|
| 16 March 2012 - Following are the changes expected for the upcoming Markit LCDX.NA.18 index that is set to roll on 3 April, 2012. Please note that these changes remain provisional until publication of the finalized annex for the index. |
| Removals |
| Eastman Kodak
|
| Domtar Corporation
|
| Nalco Company |
|
| Dresser, Inc., Removed from Markit LCDX |
|
| 29 February 2011 - All loans listed on the Syndicated Secured List for Dresser, Inc., were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations ran out at the close of business February 27, 2012. A new version of the impacted Markit LCDX series was issued at that point, with an annex date of February 27, 2012. As per best practices, cash settlement can occur after ten business days on March 12, 2012. |
| Index |
Series |
Version |
On the Run |
RED Code |
| LCDX.NA |
13 |
13 |
N |
5F199GFQ5 |
|
| Markit LCDX Roll Timeline |
|
| 27 February 2012 – The index roll timeline for Markit LCDX is now available. |
| Nalco Company Removed from Markit LCDX |
|
31 January 2012 - All loans listed on the Syndicated Secured List for Nalco Company were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations runs out at the close of business January 31, 2012. New versions of the impacted Markit LCDX series will be issued at that point, with an annex date of February 1, 2012. Please note that trading on the index, with Nalco removed, is expected to begin on February 1, 2012. The Cash Settlement Date for this event is being determined by ISDA in consultation with the market participants. Accruals with Nalco included will only run up to the close of business January 31, 2012. The RED codes for the new versions are as follows: |
| Index |
Series |
Version |
On the Run |
RED Code |
| LCDX.NA |
8 |
36 |
N |
5F199GFL6
|
| LCDX.NA |
9 |
32 |
N |
5F199GFM4
|
| LCDX.NA |
10 |
31 |
N |
5F199GFN2
|
| LCDX.NA |
12 |
22 |
N |
F199GFO0
|
| LCDX.NA |
13 |
12 |
N |
5F199GFP7
|
|
|
| Eastman Kodak Company Removed from Markit LCDX due to Bankruptcy |
|
| 30 January 2012 - A bankruptcy credit event has been declared for Eastman Kodak Company by the ISDA Determinations Committee. It has now been confirmed that no auction will be held to settle LCDS trades. Therefore, new version of the impacted Markit LCDS index series will be issued with Kodak Eastman Company removed and an annex date of January 31, 2012. The RED codes for the new versions are as follows: |
| Index |
Series |
Version |
On the Run |
RED Code |
| LCDX.NA |
12 |
21 |
N |
5F199GFF9
|
| LCDX.NA |
13 |
11 |
N |
5F199GFG7
|
| LCDX.NA |
14 |
4 |
N |
5F199GFH3
|
| LCDX.NA |
15 |
3 |
N |
5F199GFI5
|
| LCDX.NA |
16 |
3 |
N |
5F199GFJ1
|
| LCDX.NA |
17 |
2 |
Y |
5F199GFK8
|
|
|
| Domtar Corporation Removed from Markit LCDX |
|
24 January 2011 - All loans listed on the Syndicated Secured List for Domtar Corporation were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations runs out at the close of business January 24, 2012. New versions of the impacted Markit LCDX series will be issued at that point. As per best practices, cash settlement can occur after ten business days on February 7, 2012. |
| Index |
Series |
Version |
On the Run |
RED Code |
| LCDX.NA |
8 |
35 |
N |
5F199GFA0
|
| LCDX.NA |
9 |
31 |
N |
5F199GFB8
|
| LCDX.NA |
10 |
30 |
N |
5F199GFC6
|
| LCDX.NA |
12 |
20 |
N |
5F199GFD4
|
| LCDX.NA |
13 |
10 |
N |
5F199GFE2
|
|
|
|
|
| GEORGIA-PACIFIC LLC and Graham Packaging Company, L.P., Removed from Markit LCDX |
|
21 November 2011 – All loans listed on the Syndicated Secured List for GEORGIA-PACIFIC LLC and Graham Packaging Company, L.P., were voted off through a dealer poll. The 30 business day window for suggesting substitute obligations for these two names runs out at the close of business November 21, 2011. New versions of the impacted Markit LCDX series will be issued at that point. Recovery will be assumed as 100%. As per best practices, cash settlement can occur after ten business days on December 6, 2011. The RED codes for the new versions are as follows: Index | Series | Version | On the Run | RED Code | | LCDX.NA | 8 | 34 | N | 5F199GEV5 | | LCDX.NA | 9 | 30 | N | 5F199GEW3 | | LCDX.NA | 10 | 29 | N | 5F199GEX1 | | LCDX.NA | 12 | 19 | N | 5F199GEY9 | | LCDX.NA | 13 | 9 | N | 5F199GEZ6 |
|
| Dynegy Holdings, LLC, Removed from Markit LCDX due to bankruptcy |
|
10 November 2011 - A bankruptcy credit event has been declared for Dynegy Holdings, LLC by the ISDA Determinations Committee. However, it has been confirmed that no auction will be held to settle LCDS trades. Recovery will be assumed as 100%. New version of the impacted Markit LCDS index series will be issued with Dynegy Holdings, LLC removed. The RED codes for the new versions are below Index | Series | Version | On the Run | RED Code | LCDX.NA | 14 | 3 | N | 5F199GES2 | LCDX.NA | 15 | 2 | N | 5F199GET0 | LCDX.NA | 16 | 2 | N | 5F199GEU7 |
|
| Dynegy Holdings, LLC, Removed from Markit LCDX |
|
7 October 2011 – All loans listed on the SSL for Dynegy Holdings, LLC, were voted off. The 30 business day window for finding substitute obligations ends at close of business, October 7, 2011. New versions of the affected LCDX series will be issued at that point, the provisional RED codes for which are as follows: Index | Series | Version | On the Run | RED Code | LCDX.NA | 12 | 18 | N | 5F199GEQ6 | LCDX.NA | 13 | 8 | N | 5F199GER4 |
Cash settlement will be ten business days later on October 24, 2011. |
| Coupon for Markit LCDX.NA.17 |
|
| 28 September 2011 – The coupon for Markit LCDX.NA.17 will be 250 bps. The index continues to roll with a maturity of 5 years. |
| Provisional RED Code for Markit LCDX.NA.17 |
|
27 September 2011 – The provisional RED code for Markit LCDX.NA.17, scheduled to launch on October 3, is as follows: Index | Series | Version | 9 digits REDID | | LCDX.NA.17 | 17 | 1 | 5F199GEP8 |
|
| Newpage Corporation Removed from Markit LCDX |
|
22 September 2011 – New versions have been issued for Markit LCDX index series impacted by the NewPage Corporation credit event. Please note that the RED codes are as follows: Index | Series | Version | 9 digits REDID | LCDX.NA | 8 | 33 | 5F199GEK9 | LCDX.NA | 9 | 29 | 5F199GEL7 | LCDX.NA | 10 | 28 | 5F199GEM5 | LCDX.NA | 12 | 17 | 5F199GEN3 | LCDX.NA | 13 | 7 | 5F199GEO1 |
|
| Provisional list of Additions for Markit LCDX.NA.17 |
|
20 September 2011 - Following are the additions expected for the upcoming Markit LCDX.NA.17 index that is set to roll on 3 October, 2011. Please note that these changes remain provisional till publication of the finalized annex for the index. Additions | Chrysler Group LLC | Dynegy Power, LLC | The Gymboree Corporation | Lawson Software, Inc. | NBTY, Inc. |
|
| No Auction to be Held for Newpage Corporation |
|
| 19 September 2011 - Participating Dealers have voted not to hold an Auction for purposes of Bullet LCDS or Bullet LCDX transactions referencing NewPage Corporation. NewPage is reported to have repaid the only outstanding loan on the relevant syndicated secured list. As a result, the Eligible LCDX Members do not intend to pursue the development of Auction Settlement Terms for LCDS and LCDX transactions and so no Auction for NewPage will be held. Pursuant to the LCDS Auction Rules published May 22, 2007, the NewPage Auction will be formally abandoned on September 22. |
| Provisional list of removals for Markit LCDX.NA.17 |
|
15 September 2011 - Following are the changes expected for the upcoming Markit LCDX.NA.17 index that is set to roll on 3 October, 2011. Please note that these changes remain provisional till publication of the finalized annex for the index. Removals | Dynegy Holdings Inc. | Intelsat Corporation | Smurfit-Stone Container Corporation | GEORGIA-PACIFIC LLC | Graham Packaging Company, L.P. |
|
| Credit Event Determined for NewPage Corporation |
|
| 8 Sep 2011 - Following a round of voting, the Markit LCDX dealers have agreed that a credit event has occured for NewPage Corporation. An auction will be held to determine the final price for LCDS trades. NewPage Corporation will be removed from LCDX Series 8, 9, 10, 12 and 13 after the auction is completed. |
| Markit LCDX Roll Timeline |
|
| 26 August 2011 - The index roll timeline for the Markit LCDX index is available. |
| Intelsat Coportation Removed from Markit LCDX |
|
29 July 2011 - The Markit LCDX dealers voted to remove Intelsat Coportation from the Markit LCDX Series 8, 9, 10, 12 and 13. Intelsat Coportation was removed from the Syndicated Secured List and no current obligations are listed for the entity. The 30 business day window will expire at close of business on 29 July 2011. New versions of the affected indices will be launched at that point, the provisional RED codes for which are as follows: | Index | Series | Version | REDID |
|---|
| LCDX.NA | 8 | 32 | 5F199GEF0 | | LCDX.NA | 9 | 28 | 5F199GEG8 | | LCDX.NA | 10 | 27 | 5F199GEH6 | | LCDX.NA | 12 | 16 | 5F199GEI4 | | LCDX.NA | 13 | 6 | 5F199GEJ2 |
|
| Updated Cash Settlement Date for Freeport-McMoRan Copper & Gold Inc. |
|
| 10 June 2011 - The ISDA Credit Implementation Group has selected June 24 as the cash settlement date for the Freeport-McMoRan Copper & Gold Inc. optional early termination event. |
| Freeport-McMoRan Copper & Gold Inc. Removed from Markit LCDX |
|
7 June 2011 - The Markit LCDX dealers voted to remove Freeport-McMoRan Copper & Gold Inc. from the Markit LCDX Series 8 and 9 indices. Freeport-McMoRan was removed from the Syndicated Secured List and no current obligations are listed for the entity. The 30 business day window will expire at close of business on 8 June 2011. New versions of the affected indices will be launched at that point, the provisional RED codes for which are as follows: | Index | Series | Version | REDID |
|---|
| LCDX.NA | 8 | 31 | 5F199GEC7 | | LCDX.NA | 9 | 27 | 5F199GED5 |
|
| DIRECTV Holdings LLC Removed from Markit LCDX |
|
| 17 May 2011 - The Markit LCDX dealers voted to remove DIRECTV Holdings LLC from the Markit LCDX Series 8, 9, 10, 12 and 13 Indices. DIRECTV Holdings LLC was removed from the Syndicated Secured List and no current obligations are listed for the entity. The 30 business day window expired at close of business on 17 May 2011. Cash settlement will occur on 1 June 2011. |
| Markit LCDX.NA.16 RED Code |
|
| 31 March 2011 – The RED code for Markit LCDX.NA.16, set to roll on April 4, 2011, will be 5F199GDW4 |
| Coupon Finalized for Markit LCDX.NA.16 |
|
| 30 March 2011 – The Fixed Coupon for Markit LCDX.NA.16, set to roll on 4 April, 20110, will be 250 bps. The index continues to roll with just the 5 year tenure. |
| Updated Provisional List of Changes for Markit LCDX.NA.16 |
|
24 March 2011 - DIRECTV Holdings LLC is a constituent of Markit LCDX.NA.15. It appears that there are no secured loans outstanding for this entity any longer, making it ineligible for the upcoming Markit LCDX.NA.16 index. DIRECTV has been added to the list of removals and the list of additions has also been updated, with J. Crew Group, Inc., being selected for inclusion in the new series. | Expected Removals | Expected Additions |
|---|
| DIRECTV Holdings LLC | Carestream Health, Inc. | | Dresser, Inc. | General Motors Holdings LLC | | Hanesbrands Inc. | iStar Financial Inc. | | Healthsouth Corporation | J. Crew Group, Inc. | | Hexion Specialty Chemicals, Inc. | Univar Inc. |
|
| Provisional List of Additions for Markit LCDX.NA.16 |
|
22 March 2011 - Following are the new additions expected for the upcoming Markit LCDX.NA.16 index that is set to roll on 4 April, 2011. Please note that these changes remain provisional till publication of the final annex for the index. Any suggested name that is not included in the Markit Syndicated Secured List will be polled for addition prior to the index launch. | Expected Additions |
|---|
| Carestream Health, Inc. | | General Motors Holdings LLC | | iStar Financial Inc. | | Univar Inc. |
|
| Updated List of Removals for Markit LCDX.NA.16 |
|
21 March 2011 - Hexion Specialty Chemicals, Inc. is a constituent of the current series 15 and underwent a corporate change to become Momentive Specialty Chemicals Inc. This entity is an affiliate of another constituent of series 15, Momentive Performance Materials Inc. Based on feedback received, it has been determined that Momentive Specialty Chemicals Inc. (formerly Hexion Specialty Chemicals, Inc.) will be removed from the upcoming Markit LCDX.NA.16 index. Momentive Performance Materials Inc. will remain a constituent of the new series. The updated list of removals is as follows: | Expected Removals |
|---|
| Dresser, Inc. | | Hanesbrands Inc. | | Healthsouth Corporation | | Hexion Specialty Chemicals, Inc. |
|
| Provisional list of removals for Markit LCDX.NA.16 |
|
17 March 2011 - Following are the changes expected for the upcoming Markit LCDX.NA.16 index that is set to roll on 4 April, 2011. Please note that these changes remain provisional till publication of the finalized annex for the index. Additionally, Hexion Specialty Chemicals, Inc. is a constituent of the current series 15 and underwent a corporate change to become Momentive Specialty Chemicals Inc. This entity is an affiliate of another constituent of series 15, Momentive Performance Materials inc. This development is being investigated and one of the affiliated entities will be removed from the upcoming Markit LCDX.NA.16 index, as per the rules. | Expected Removals |
|---|
| Dresser, Inc. | | Hanesbrands Inc. | | Healthsouth Corporation |
|
| Markit LCDX Roll Timeline |
|
04 March 2011 - the index roll timeline for the Markit LCDX index is available. |
| Mirant North America, LLC Removed from Markit LCDX |
|
| 23 February 2011 - The Markit LCDX dealers have voted to remove Mirant North America, LLC from the Markit LCDX Series 8, 9, 10, 12 and 13 Indices. Mirant North America, LLC was removed from the Syndicated Secured List on 10 January 2011. As a result, the 30 business day window expired close of business on 23 February 2011. Cash settlement will occur on 9 March 2011. |
Annex Available for the Markit LCDX.NA.15 Index Scheduled to Roll on 4 October, 2010
| Markit LCDX Series 15 Index Coupon and Recovery Rate Determined |
|
| 29 September 2010 - Following a round of voting, it has been determined that the coupon for Markit LCDX Series 15 Index will be 250 basis points. Additionally, the recovery rate for the Markit LCDX Series 15 Index will be 70%. The recovery rate for all off-the-run indices will be changed to 70% as well. |
| Provisional RED Codes for Markit LCDX Index Scheduled to Roll October 2010 |
|
| Ticker | CDX Indices | New 9 digit RED code |
|---|
| LCDXNA | LCDX.NA | 5F199GDQ7 |
|
| GenOn Energy, Inc. Replaced as Addition to Markit LCDX Series 15 by Amgen Inc. |
|
| 24 September 2010 - Upon further review, GenOn Energy, Inc. is not eligible to be added to the Markit LCDX Index. Following a vote, the Markit LCDX dealers have agreed to add AGFS Funding Company to the Markit LCDX in place of GenOn. |
| Composition of Markit LCDX.NA.15 Index Determined |
|
| 21 September 2010 - Following a round of voting, as per the Markit LCDX rules, the final composition of the Markit LCDX.NA.15 Index has been determined. |
| Entities Removed |
Entities Added |
| Boston Generating, LLC |
Avaya Inc.
|
| Chrysler Financial Services Americas LLC |
CDW Corporation
|
| Mirant North America, LLC |
AGFS Funding Company
|
| RRI Energy, Inc. |
Reynolds Group Holdings Inc.
|
| WM. WRIGLEY JR. COMPANY |
Smurfit-Stone Container Corporation |
|
| Boston Generating, LLC Final Price Determined |
|
| 21 September 2010 - The final price for Boston Generating, LLC has been determined. As a result of the auction, Boston Generating, LLC will be removed from the Markit LCDX Index. The auction results have been published on www.creditfixings.com. |
| Removals for Markit LCDX.NA.15 Index Determined |
|
| 20 September 2010 - Following a round of voting, as per the Markit LCDX rules, it has been determined that Boston Generating, LLC, Chrysler Financial Services Americas LLC, Mirant North America, LLC, RRI Energy, Inc. and WM. WRIGLEY JR. COMPANY will be removed from the Markit LCDX Index. |
| Markit LCDX Roll Process Set to Begin |
|
02 September 2010 - The LCDX Roll Process for Markit LCDX Series 15 is set to begin. Below is the Markit LCDX timeline. |
| Chrysler Financial Services Americas LLC Removed from Markit LCDX |
|
| 16 July 2010 - The Markit LCDX dealers voted to remove Chrysler Financial Services Americas LLC from the Markit LCDX Series 9, 10, 12 and 13 Indices. Chrysler Financial Services Americas LLC was removed from the Syndicated Secured List on 3 June 2010. As a result, the 30 business day window expired close of business on 16 July 2010. Cash settlement will occur on 30 July 2010. |
Markit LCDX Series 14 Version 1 Annex
| Affiliated Computer Services, Inc. Removed from Markit LCDX |
|
| 30 March 2010 - The Markit LCDX dealers voted to remove Affiliated Computer Services, Inc. from the Markit LCDX Series 8, 9, 10 and 12 Indices. Affiliated Computer Services, Inc. was removed from the Syndicated Secured List on 16 February 2010. As a result, the 30 business day window expired close of business on 30 March 2010. Cash settlement will occur on 13 April 2010. |
| Composition of Markit LCDX Index Determined |
|
| 22 March 2010 - Following a round of voting, as per the Markit LCDX rules, the final composition of the Markit LCDX Index has been determined. The table below outlines the companies that will be added to and removed from the Markit LCDX Index. The changes to the indices will be effective as of the roll date. |
| Index |
Entities Removed |
Entities Added |
| Markit LCDX |
NewPage Corporation |
Dex Media West LLC
|
|
Getty Images, Inc. |
Charter Communications Operating, LLC
|
|
Warner Chilcott Company, LLC |
Idearc Inc. (Supermedia) |
|
| Markit LCDX Roll Process Set to Begin |
|
15 March 2010 - The LCDX Roll Process for Markit LCDX Series 14 is set to begin. Below is the Markit LCDX timeline. |
|
