| The Markit iTraxx LevX indices are the first European indices on Leveraged Loans CDS. They are constructed from the universe of European corporates with leveraged loan exposures. The Markit iTraxx LevX Senior Series 6 Index comprises the 40 most liquid 1st lien credit agreements traded in the European Leveraged Loan CDS market. |
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| Product summary: |
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The Markit iTraxx LevX indices are the first European indices on Leveraged Loans CDS. They are constructed from the universe of European corporates with leveraged loan exposures.
The Markit iTraxx LevX Senior Series 6 Index comprises the 40 most liquid 1st lien credit agreements traded in the European Leveraged Loan CDS market.
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| Key benefits: |
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| Trading efficiency |
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| Liquidity |
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| Wide dealer and industry support |
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| Market acceptance |
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| Standardization |
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| Transparency |
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| Key functions: |
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| Exposure to the loans asset class |
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| Hedge cash loan positions |
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| A 5-year maturity is traded |
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| The indices are quoted in price terms |
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| The indices rolls semi-annually. Roll Dates are 20th March and 20th September |
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