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DateTitle
05/01/2013
Exclusion of Egypt from the Markit iBoxx GEMX
Egypt is no longer eligible for Markit iBoxx GEMX due to its minimum local currency debt rating has fallen below B-. All Egypt sovereign bonds have been excluded from the index during the rebalancing effective after the close of 30 April 2013. For more information please contact iboxx@markit.com.
04/25/2013
Launch of Markit iBoxx EUR country-specific Covered Bond Indices

On 30 April 2013 Markit will launch country-specific Covered Indices for all the covered bonds in the Markit iBoxx EUR Benchmark index currently classified as EUR > Collateralized > Covered > Other Covered. There are in total 28 new Bid and Mid price country indices being launched, one each for the Total Return and Clean Price indices.

DateIndex NameISINSEDOL
30-Apr-2013Markit iBoxx EUR Australia Covered CPIGB00B8XT8T40B8XT8T4
30-Apr-2013Markit iBoxx EUR Australia Covered Mid CPIGB00B90ZKG38B90ZKG3
30-Apr-2013Markit iBoxx EUR Australia Covered Mid TRIGB00B8L7TW07B8L7TW0
30-Apr-2013Markit iBoxx EUR Australia Covered TRIGB00B41T3156B41T315
30-Apr-2013Markit iBoxx EUR Belgium Covered CPIGB00B8VXYP64B8VXYP6
30-Apr-2013Markit iBoxx EUR Belgium Covered Mid CPIGB00B90PYL60B90PYL6
30-Apr-2013Markit iBoxx EUR Belgium Covered Mid TRIGB00B7Y95620B7Y9562
30-Apr-2013Markit iBoxx EUR Belgium Covered TRIGB00B9LDKF59B9LDKF5
30-Apr-2013Markit iBoxx EUR Denmark Covered CPIGB00B95RYM88B95RYM8
30-Apr-2013Markit iBoxx EUR Denmark Covered Mid CPIGB00B94DF574B94DF57
30-Apr-2013Markit iBoxx EUR Denmark Covered Mid TRIGB00B9355090B935509
30-Apr-2013Markit iBoxx EUR Denmark Covered TRIGB00B96QT630B96QT63
30-Apr-2013Markit iBoxx EUR Finland Covered CPIGB00B9LCHY03B9LCHY0
30-Apr-2013Markit iBoxx EUR Finland Covered Mid CPIGB00B8JH2891B8JH289
30-Apr-2013Markit iBoxx EUR Finland Covered Mid TRIGB00B5V8D970B5V8D97
30-Apr-2013Markit iBoxx EUR Finland Covered TRIGB00B9L7V329B9L7V32
30-Apr-2013Markit iBoxx EUR Luxembourg Covered CPIGB00B9LDMD75B9LDMD7
30-Apr-2013Markit iBoxx EUR Luxembourg Covered Mid CPIGB00B93KDW23B93KDW2
30-Apr-2013Markit iBoxx EUR Luxembourg Covered Mid TRIGB00B8PLNK49B8PLNK4
30-Apr-2013Markit iBoxx EUR Luxembourg Covered TRIGB00B8W6YW16B8W6YW1
30-Apr-2013Markit iBoxx EUR New Zealand Covered CPIGB00B948HG73B948HG7
30-Apr-2013Markit iBoxx EUR New Zealand Covered Mid CPIGB00B80FST56B80FST5
30-Apr-2013Markit iBoxx EUR New Zealand Covered Mid TRIGB00B8DR3596B8DR359
30-Apr-2013Markit iBoxx EUR New Zealand Covered TRIGB00B89RTY48B89RTY4
30-Apr-2013Markit iBoxx EUR Switzerland Covered CPIGB00B96F8742B96F874
30-Apr-2013Markit iBoxx EUR Switzerland Covered Mid CPIGB00B7WPQC51B7WPQC5
30-Apr-2013Markit iBoxx EUR Switzerland Covered Mid TRIGB00B922G536B922G53
30-Apr-2013Markit iBoxx EUR Switzerland Covered TRIGB00B95BZG18B95BZG1

 

The base date for these new indices will be 30 April 2013. The time series for each index also starts on 30 April 2013.

The Markit iBoxx € Other Covered Index will be discontinued effective 30 April 2013.

Markit will review the covered bond universe on a quarterly basis (January, April, July, and October) and create a country covered index if a covered bond is issued by an additional country.

The indices will be published on ftp://indices.markit.com and http://www.markit.com/indices.
03/26/2013
Markit enhances the number of price inputs used for index computation and updates the Markit iBoxx Pricing Rules
Markit has implemented changes to its pricing methodology for all USD-denominated bonds in the Markit iBoxx indices. The index guides for the impacted indices have been updated accordingly as has the “iBoxx Pricing Rules” document. The updated documents can be found at:
http://www.markit.com/en/products/data/indices/bond-indices/iboxx/rules.page

Please contact iboxx@markit.com if you have further questions.
03/11/2013
March 2013 Quarterly Forecast for Markit iBoxx ABF Pan-Asia indices

Please contact iboxx@markit.com if you have further questions.
03/11/2013
March 2013 Quarterly Forecast for Markit iBoxx Asia Ex-Japan Indices

Please contact iboxx@markit.com if you have further questions.
02/28/2013
Updated list of private placements

The Markit iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.
02/28/2013
Updated list of retail bonds

The Markit iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.
02/26/2013
Markit iBoxx Classification for SME Structured Covered Bonds

SME structured covered bonds, a new type of bonds secured against a pool of small- and medium-enterprise loans, will be provisionally classified as “Collateralized” in the Markit iBoxx EUR index schema and will reside in the category “Other Collateralized”. We will monitor the issuance of similar deals over the coming months. As necessary and after discussion with the relevant Markit iBoxx committees, other classifications may be introduced to capture the specific structure.

The first security of this type, which was announced by Commerzbank on 21 February 2013, will enter the Markit iBoxx EUR Benchmark Index once a rating agency has provided a confirmed rating. The confirmed rating will have to be publicly available three business days prior to the month-end rebalancing date to be included in the index. As we write, the respective rating agencies have not confirmed a rating for the security.

Please contact iboxx@markit.com if you have further questions.
01/31/2013
Updated list of private placements

The Markit iBoxx European Technical Committee has identified two additional private placements. The bond has been added to the attached list of private placements.

01/31/2013
Markit iBoxx Pfandbriefe Index launched
Markit has launched the Markit iBoxx Pfandbriefe Index. The index reflects the performance of EUR-denominated, investment-grade Pfandbriefe bonds from German issuers. The index rules have been designed to offer a broad coverage of the market with emphasis on diversification, making the index suitable for OTC and exchanged-traded derivatives, and Exchange Traded Funds (ETFs).
 
The Markit iBoxx Pfandbriefe Index uses a dynamic capping methodology to determine the issuer weight and weight changes between rebalancing. The aim is to reduce index turnover in order to minimise tracking and hedging costs.
 
The indices are published on ftp://indices.markit.com and http://www.markit.com/indices. Below is a summary of the IDs for each publication channel:
Index NameISINBloombergRIC
Markit iBoxx Pfandbriefe Total Return IndexGB00B9BPQY25IBXXDECT.IBXXDECT
Markit iBoxx Pfandbriefe Price IndexGB00B97L5N67IBXXDECP.IBXXDECP
01/18/2013
Launch of the Markit iBoxx USD Covered Bond Indices
Markit has launched the Markit iBoxx USD Covered Bond Index. Covered Bonds are an asset class that is growing in popularity and issuance is increasing across all major currencies and countries. The Markit iBoxx USD Covered Bond Index is a new component in the Markit iBoxx USD Overall index and is also broken out into a number of sub-indices by country, maturity and rating. Eligible bonds must be fixed rate, greater than $500 million outstanding, rated investment grade and with a remaining maturity of greater than 1 year. The index launched with 76 bonds covering 36 issuers across 13 countries. These bonds will add to the iBoxx broad market coverage and will provide investors the opportunity to include these assets in portfolios following the USD iBoxx indices. The indices are published on ftp://indices.markit.com and http://www.markit.com/indices.
01/08/2013
Markit iBoxx EUR and GBP Liquid Corporates Large Cap Indices launched

Markit has launched the Markit iBoxx EUR Corporates Large Cap Index and Markit iBoxx GBP Liquid Corporates Large Cap Index.  These indices consist of a subset of bonds from the Markit iBoxx EUR and GBP index family of benchmark indices. The indices are designed to reflect the performance of EUR and GBP denominated investment grade corporate debt and aim to offer a broad coverage of the EUR and GBP investment grade corporate bond universe. They have been designed to provide a suitable basis for OTC and exchange-traded derivatives as well as Exchange Traded Funds (ETFs).

The indices are published on ftp://indexco.com/, http://www.markit.com/indices, Bloomberg, Reuters. Below is a summary of the IDs for each publication channel:

Index Name ISIN SEDOL Bloomberg RIC
Markit iBoxx EUR Liquid Corporates Large Cap TR Index GB00B90YJ745 B90YJ74 IBXXELAT .IBXXELAT
Markit iBoxx EUR Liquid Corporates Large Cap CP Index GB00B87LRP56 B87LRP5 IBXXELAP .IBXXELAP
Markit iBoxx GBP Liquid Corporates Large Cap TR Index GB00B90TTP77 B90TTP7 IBXXGLAT .IBXXGLAT
Markit iBoxx GBP Liquid Corporates Large Cap CP Index GB00B9122J09 B9122J0 IBXXGLAP .IBXXGLAP

For more information please contact us at iboxx@markit.com.
12/17/2012
Republication of Markit iBoxx $ Liquid High Yield Underlyings file for 14th December 2012

Please note that the underlyings file for 14th December 2012 for the Markit iBoxx $ Liquid High Yield has republished:

iboxx_usd_lq_hy_eod_underlyings_20121214.csv

The intial export was missing "Daily return", "month-to-date Return" and "Index Weight" information in the file published on Friday 14th December. Index level data has not been affected.

Please contact iboxx@markit.com if you have further questions.
12/11/2012
December 2012 Quarterly Forecast for Markit iBoxx Asia Ex-Japan Indices


Please contact iboxx@markit.com if you have further questions.
12/11/2012
December 2012 Quarterly Forecast for Markit iBoxx ABF Pan-Asia indices


Please contact iboxx@markit.com if you have further questions.
12/3/2012
Republication of Markit iBoxx GBP Components December 2012

Please note that the components file for December 2012 for the Markit iBoxx GBP Index has been republished in the following FTP folders:


/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS
/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS/PREVIEW
/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS/MID
/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS/PREVIEW/MID

The Level 5 classification for bond XS0858000606 - 4.25 - 26/11/2024 has been updated from “Oil Equipment Services & Distribution” to “Oil Equipment / Services & Distribution”. Please note that no index levels, analytics or other data points have been affected.
Please contact iboxx@markit.com if you have further questions.
11/30/2012
Updated list of retail bonds


The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

Please contact iboxx@markit.com if you have further questions.
11/30/2012
Updated list of private placements

The Markit iBoxx European Technical Committee has identified four additional private placements. These bonds have been added to the attached list of private placements.

10/29/2012
Markit to consider the 30th October 2012 a non-trading day for the USD based Markit iBoxx indices

Due to the impact of Hurricane Sandy on the US markets and on recommendations from market participants Markit is considering 30th October 2012 a non-trading day for USD based Markit iBoxx indices. Based on the current situation Markit will provide the full set of index and underlying data for the Markit iBoxx indices based on pricing as of 29th October.

 

The products affected by this are:

 

  • Markit iBoxx USD Investment Grade
  • Markit iBoxx USD Liquid Investment Grade
  • Markit iBoxx USD Liquid High Yield
  • Markit iBoxx USD Emerging Markets
  • Markit iBoxx USD TIPS indices

Please contact iboxx@markit.com if you have further questions.
10/16/2012
Restatement of the Markit iBoxx USD Liquid High Yield, USD Liquid High Yield capped, and Global Developed Markets High Yield Indices
Due to a parsing error in the daily price feed, an inconsistent price for US090613AF78 (BMET 6.5 08/2020) was published for 15 October 2012.
incorrect price levels (bid/ask)restated price levels (bid/ask)
102.666667/103.416667104.25 / 104.46875


The following files for USD Liquid High Yield, USD Liquid High Yield Capped and Global High Yield Developed Indices have been restated as of 15th October 2012:


iboxx_usd_lq_hy_capped_eod_indices_20121015.csv
iboxx_usd_lq_hy_eod_indices_20121015.csv
iboxx_usd_lq_hy_capped_eod_underlyings_20121015.csv
iboxx_usd_lq_hy_eod_underlyings_20121015.csv
iboxx_GblDevHy_eod_indices_20121015.csv
iboxx_GblDevHy_eod_underlying_20121015.csv

Please contact iboxx@markit.com if you have further questions.
10/1/2012
Restatement of the Markit iBoxx Euro High Yield component files for 30 September 2012

Please note that the end-of-month component and xref files as of 30 September 2012 have been recalculated and republished on 1 October 2012. The 5% Lafarge SA bond maturing January 19, 2018 (XS0803652170) has been excluded from the iBoxx Euro High Yield Index as it was privately placed.

ISINTickerIssuerCouponMaturity
XS0803652170LGFPLafarge SA519/01/2018

 

The correct component and xref files

iboxx_eur_hy_eom_components_cumcrossover_201210.csv

iboxx_eur_hy_eom_components_excrossover_201210.csv

iboxx_eur_hy_eom_xref_201210.csv

can be found on the FTP server in the folders:

/IBOXX_EUR_HY/EUR_HY_EOM_COMPONENTS

/IBOXX_EUR_HY/EUR_HY_EOM_XREF

Due to exclusion of the bond, both constrained and unconstrained index weights changed. There was no impact on the index levels, nor were the Euro High Yield Liquid indices affected.Please contact iboxx@markit.com if you have further questions.
09/14/2012
Markit Announces Result of the 2012 Annual Index Review

Markit iBoxx Asia Ex-Japan Indices


As part of the 2012 Annual Index Review, Markit today announced the 2012 market weights of the ten markets covered by the indices. The 2012 weights have been calculated based on the amended Index Rules as announced on July 10 2012.
The new weights detailed below are effective from October 31 2012. As announced on July 10 2012, the new weights will be implemented over a six month transition period starting October 31 2012 and ending March 31 2013.

MarketNew weightsOld weightsTotal changeMonthly weight change
China8.63%18.13%-9.50%-1.583%
Hong Kong15.97%15.79%0.18%0.030%
India3.58%5.90%-2.32%-0.387%
Indonesia6.80%4.66%2.14%0.357%
Korea18.12%12.57%5.55%0.925%
Malaysia11.90%8.37%3.53%0.588%
Philippines5.74%4.29%1.45%0.242%
Singapore16.11%11.72%4.39%0.732%
Taiwan4.21%11.00%-6.79%-1.132%
Thailand8.94%7.57%1.37%0.228%

The new rules have been reviewed by the Markit iBoxx Asia Oversight Committee.

The weights for each of the months in the transition period from 31 October 2012 until 31 March 2013 are as follows:

Market31 Oct 2012 30 Nov 201231 Dec 201231 Jan 201328 Feb 201331 Mar 2013
China16.55%14.96%13.38%11.80%10.21%8.63%
Hong Kong15.82%15.85%15.88%15.91%15.94%15.97%
India5.51%5.13%4.74%4.35%3.97%3.58%
Indonesia5.02%5.37%5.73%6.09%6.44%6.80%
Korea13.50%14.42%15.35%16.27%17.20%18.12%
Malaysia8.96%9.55%10.14%10.72%11.31%11.90%
Philippines4.53%4.77%5.02%5.26%5.50%5.74%
Singapore12.45%13.18%13.92%14.65%15.38%16.11%
Taiwan9.87%8.74%7.61%6.47%5.34%4.21%
Thailand7.80%8.03%8.26%8.48%8.71%8.94 %

The values for each of the factors used in the current review of market weights are as follows:

MarketSize (USDbn)RatingGEMLOC Investability IndicatorSecurities Market Access Score
China3469AA-5250.0
Hong Kong174AAA91100
India804BBB-5537.5
Indonesia111BBB-5887.5
Malaysia294A8187.5
Philippines87BBB-5075.0
Singapore217AAA91100
Korea1302AA86100
Taiwan243AA-5712.5
Thailand254A-6175.0

For more information on Markit indices please contact us at iboxx@markit.com visit our website at www.markit.com/indices or call one of our regional offices:
 
London + 44 20 7260 2000
New York +1 917 441 6658
Dallas + 1 972 560 4420
Sydney + 61 2 0 89 89 80
Tokyo + 81 3 6402 0130
Singapore + 65 6922 4200
Frankfurt + 49 69 299 868 140
Amsterdam + 31 20 502 5800
Hong Kong + 825 3478 3948
09/14/2012
Markit Announces Result of the 2012 Annual Index Review

Markit iBoxx ABF Pan-Asia Indices

As part of the 2012 Annual Index Review, Markit today announced the 2012 market weights of the eight markets covered by the indices. The 2012 weights have been calculated based on the amended Index Rules as announced on July 10 2012.
The new weights detailed below are effective from October 31 2012. As announced on July 10 2012, the new weights will be implemented over a six month transition period starting October 31 2012 and ending March 31 2013.

MarketNew weightsOld weights Total changeMonthly weight change
China20.36%21.25%-0.89%-0.148%
Hong Kong15.18%19.43%-4.25%-0.708%
Indonesia6.54%5.69%0.85%0.142%
Korea17.18%14.90%2.28%0.380%
Malaysia11.37%10.14%1.23%0.205%
Philippines5.52%5.25%0.27%0.045%
Singapore15.31%14.05%1.26%0.210%
Thailand8.54%9.29%-0.75%-0.125%

The new rules have been reviewed by the Markit iBoxx Asia Oversight Committee.

The weights for each of the months in the transition period from 31 October 2012 until 31 March 2013 are as follows :

Market31 Oct 2012 30 Nov 201231 Dec 2012 31 Jan 201328 Feb 2013 31 Mar 2013
China21.10%20.95%20.81% 20.66% 20.51%20.36%
Hong Kong18.72%18.01%17.31% 16.60% 15.89%15.18%
Indonesia5.83%5.97%6.12% 6.26% 6.40%6.54%
Korea15.28%15.66%16.04% 16.42% 16.80%17.18%
Malaysia10.35%10.55%10.76% 10.96% 11.17%11.37%
Philippines5.30%5.34%5.39% 5.43% 5.48% 5.52%
Singapore14.26%14.47%14.68% 14.89% 15.10%15.31%
Thailand9.17%9.04%8.92% 8.79% 8.67%8.54%

The values for each of the factors used in the current review of market weights are as follows:

MarketSize (USDbn)RatingGEMLOC Investability Indicator
China3469AA-52
Hong Kong174AAA91
Indonesia111BBB-58
Malaysia294A81
Philippines87BBB-50
Singapore217AAA91
Korea1302AA86
Thailand254A-61

For more information on Markit indices please contact us at iboxx@markit.com visit our website at www.markit.com/indices or call one of our regional offices:
 
London + 44 20 7260 2000
New York +1 917 441 6658
Dallas + 1 972 560 4420
Sydney + 61 2 0 89 89 80
Hong Kong + 852 3478 3948
Tokyo + 81 3 6402 0130
Singapore + 65 6922 4200
Frankfurt + 49 69 299 868 140
Amsterdam + 31 20 502 5800
09/13/2012
Capping Methodology Changes to the Markit iBoxx EUR Liquid High Yield Index

Effective after the close of business on 30 September 2012, Markit will implement changes to the capping methodology for the Markit iBoxx EUR Liquid High Yield Index.

The changes to be implemented are as follows:

  • The existing 5% issuer cap will be lowered to a 3% issuer cap.
  • A 20% cap will be applied to the country of risk.

These changes are meant to further enhance the diversification of the index.

For more information please contact iBoxx@markit.com.
08/31/2012
Updated list of private placements

The Markit iBoxx European Technical Committee has identified four additional private placements. These bonds have been added to the attached list of private placements.

08/22/2012
Rules Changes to the Markit iBoxx USD High Yield, Global High Yield and USD Liquid Investment Grade Indices

Rules Changes to the Markit iBoxx USD High Yield, Global High Yield and USD Liquid Investment Grade Indices Markit announced today rules changes to the Markit iBoxx USD Liquid High Yield, Markit iBoxx USD Liquid High Yield Capped, Markit iBoxx USD Liquid Investment Grade, Markit iBoxx Developed Markets High Yield, and Markit iBoxx Developed Markets ex-US High Yield Indices. The changes will be effective starting 31 August 2012.

  • Bonds from issuers that are not incorporated in the list of developed countries as defined by the “Markit Global Economic Development Classification” are not eligible, specifically:
    Bonds from countries classified as developed markets based on the “Markit Global Economic Development Classification” are eligible for the index. As of August 2012 the issuer or, in the case of a finance subsidiary, the issuer’s guarantor, must be domiciled, incorporated and the country of risk must be in Andorra, Australia, Austria, Belgium, Bermuda, Canada, Cayman Islands, Cyprus, Denmark, Faeroe Islands, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Iceland, Ireland, Italy, Japan, Jersey, Liechtenstein, Luxembourg, Malta, Monaco, Netherlands, New Zealand, Norway, Portugal, San Marino, Singapore, Spain, Sweden, Switzerland, United States, United Kingdom.

    Prior to this change, the rules required that bonds be domiciled in and the country of risk be a developed market. They did not specify that the issuer must be incorporated in a developed market.
  • Markit iBoxx USD Liquid Investment Grade will include the Registration S version of a bond where the associated 144A version has a registration right.

 For more information please contact iBoxx@markit.com.
08/10/2012
Rule Change for the Markit iBoxx EUR Liquid Corporates and iBoxx GBP Liquid Corporates Long-Dated Indices

Markit will implement the following rule change for the Markit iBoxx EUR Liquid Corporates and GBP Liquid Corporates Long-Dated Indices effective from 31 August 2012. The maximum age rule that is currently applied to the Markit iBoxx EUR Liquid Corporates and the Markit iBoxx GBP Liquid Corporates Long-Dated indices is causing a significant level of turnover as bonds which reach the age limit of 3 years are removed at each rebalancing. This maximum age rule will be increased from 3 years to 4 years for both indices. Please note that the rule change applies only to bonds that are currently part of the respective index membership.

This rule change is expected to reduce overall index turnover while having little to no impact on the overall liquidity of the portfolio. In conjunction with this change, other index rule changes are being considered that will permanently reduce overall index turnover. These changes will be announced in due time. The age-rule change will be become effective on 31 August 2012 and the index compositions from that date forward will reflect the rule change.

The rule change will apply to the following liquid indices:

iBoxx £ Liquid Corporates Long Dated

iBoxx € Liquid Consumer Goods

iBoxx € Liquid Consumer Services

iBoxx € Liquid Corporates

iBoxx € Liquid Corporates A

iBoxx € Liquid Corporates AA

iBoxx € Liquid Corporates AAA

iBoxx € Liquid Corporates BBB

iBoxx € Liquid Financials

iBoxx € Liquid Financials A

iBoxx € Liquid Financials AA

iBoxx € Liquid Financials AAA

iBoxx € Liquid Industrial

iBoxx € Liquid Non-Financials

iBoxx € Liquid Non-Financials A

iBoxx € Liquid Non-Financials AA

iBoxx € Liquid Non-Financials BBB

iBoxx € Liquid Telecommunications

iBoxx € Liquid Utilities
07/30/2012
Updated list of private placements

The Markit iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.

07/30/2012
Updated list of retail bonds
The Markit iBoxx European Technical Committee has identified one additional retail bond. This bond has been added to the attached list of retail bonds.

 
07/27/2012
Update to Markit iBoxx Analytics Calculation

Markit is pleased to announce the release of the updated version of the Markit iBoxx analytics on 27th July 2012.  This enhancement removes restrictions on the yield calculation that was previously floored at 0%. Markit made the change following recent developments in certain markets, where the need to incorporate negative yields has arisen.

If you have any questions regarding this change please feel free to contact iBoxx@markit.com.
07/27/2012
31 July – 1 August 2012: Anticipated Delay in PIMCO GLADI Month-end Components, Indices and Underlyings Files

Four new MBS TBA issues will enter the PIMCO GLADI index during the 31 July 2012 rebalancing process.  The securities meet all eligibility criteria for the index, but the necessary information to add these issues to the index is not made available by the external data provider until after the close of business on 1 August 2012.  Because of the delay in the availability of information from the external data provider, these bonds will not be present in the final membership (e.g. preview) files published on Monday, 30 July 2012 and Tuesday, 31 July 2012.  They will only be present after rebalancing.

The four new issues to be added are:
FGLM 3.5 30Y
FNCL 3.5 30Y
GNJO 3.5 15Y
GNSF 3.5 30Y

In addition, there is an anticipated delay in publication of the following files:
- The month-end components files (pgladi_eu_eom_components_201208.csv and pgladi_us_eom_components_201208.csv),
- The indices files (pgladi_us_eod_indices_20120801.csv and pgladi_eu_eod_indices_20120801.csv), and
- The underlyings files (pgladi_us_eod_underlyings_20120726.csv and pgladi_eu_eod_underlyings_20120726.csv).

These files will be published as early as possible on 2 August 2012. The publication of the indices and underlyings files from 2 August 2012 onwards will proceed according to the normal schedule.

Please contact iboxx@markit.com if you have any questions.

 
07/27/2012
Ticker change for Markit iBoxx CVBX Index Series 6

Please note that the Bloomberg ticker for publication of Series 6 of the Markit iBoxx Liquid Convertible Index Series has changed.
Affected IndexOld ticker New ticker
Markit iBoxx CVBX Index Series 6CVBX6CVBXS6
Please contact iboxx@markit.com if you have further questions.
07/05/2012
Restatement of the Markit iBoxx USD Benchmark and the Markit iBoxx USD Emerging Market Corporate Indices

Please note that the components and pricing files for the USD Benchmark and USD Emerging Market Corporate Indices have been restated. The membership bond USC75088AC53 had an incorrect coupon of 5.35%. This has now been corrected to 6.35%. The components files have been re-published in the folders:
/IBOXX_USD/USD_EOM_COMPONENTS
/IBOXX_EM_CORP/EM_Corp_USD/Components
The change of the coupon has affected the index levels. Therefore, the corrected index and underlying files for the 2nd July to 4th July 2012 have been republished in:
Daily Underlyings Files

/IBOXX_USD/USD_EOD_UNDERLYINGS
/IBOXX_EM_CORP/EM_Corp_USD/Underlyings

Daily Index Files
/IBOXX_EM_CORP/EM_Corp_USD/Indices
/IBOXX_USD/USD_EOD_INDICES

Please contact iboxx@markit.com if you have further questions.
07/04/2012
Republication of Markit iBoxx USD Benchmark indices and underlying files for date 3 July 2012

Please note that the Markit iBoxx USD EOD Benchmark indices and underlying files have been re-published for value date 3 July 2012 in the following folders;

/ftpiboxx_customer/IBOXX_USD/USD_EOD_INDICES
/ftpiboxx_customer/IBOXX_USD/USD_EOD_UNDERLYINGS

The re-published files contain Annual and Semi Annual Benchmark spread analytic data which was missing from the files for 3 July 2012 that were published previously. Please note that no other data points have been adjusted.

Please contact iboxx@markit.com if you have further questions.
07/04/2012
Restatement of the Markit iBoxx USD Liquid High Yield, USD Liquid High Yield capped, and Global Developed Markets High Yield Indices

Please note that the components of the USD Liquid High Yield, USD Liquid High Yield Capped and Global High Yield Developed Indices have been restated on 2nd July 2012. The bond XS0454569863 was erroneously marked for inclusion to the index. As a security under Regulation S [RegS], the bond XS0454569863 is not eligible for the Markit iBoxx USD Liquid High Yield and Global Developed High Yield Indices according to the index rules.
The corrected components files excluding the above bond have been republished on our FTP server in the folders:


/IBOXX_USD_LQ/IBOXX_USD_LHY
/IBOXX_USD_LQ/IBOXX_USD_LQ_EOM
/IBOXX_GLOBALHY/COMPONENTS
               
The change of composition had an affect on already published index levels for 2nd July 2012. Therefore, the corrected index and underlying files for the 2nd July 2012 have been republished to FTP Server
Main indexFile typeFile locationFile name
GLOBALHYDaily index file/IBOXX_GLOBALHY/INDICESiboxx_GblDevHy_eod_indices_20120702.csv
GLOBALHYDaily underlyings file/IBOXX_GLOBALHY/UNDERLYINGSiboxx_GblDevHy_eod_underlying_20120702.csv
IBOXX_USD_LHYDaily index file/IBOXX_USD_LQ/IBOXX_USD_LHY/EOD_INDICESiboxx_usd_lq_hy_capped_eod_indices_20120702.csv/
   iboxx_usd_lq_hy_eod_indices_20120702.csv
IBOXX_USD_LHYDaily underlyings file/IBOXX_USD_LQ/IBOXX_USD_LHY/EOD_UNDERLYINGSiboxx_usd_lq_hy_capped_eod_underlyings_20120702.csv/
   iboxx_usd_lq_hy_eod_underlyings_20120702.csv
IBOXX_USD_LQDaily index file/IBOXX_USD_LQ/IBOXX_USD_LQ_EODiboxx_usd_lq_hy_capped_eod_indices_20120702.csv/
   iboxx_usd_lq_hy_eod_indices_20120702.csv
IBOXX_USD_LQDaily underlyings file/IBOXX_USD_LQ/IBOXX_USD_LQ_EODiboxx_usd_lq_hy_capped_eod_underlyings_20120702.csv/
   iboxx_usd_lq_hy_eod_underlyings_20120702.csv

Please contact iboxx@markit.com if you have further questions.
07/02/2012
Republication of Markit iBoxx GBP Components

Please note that the components file for July 2012 for the Markit iBoxx GBP Index has been republished in the following FTP folders:
/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS
/ftpiboxx_customer/IBOXX_GBP/GBP_EOM_COMPONENTS/PREVIEW
The republished file: iboxx_gbp_eom_components_201207.csv
The expected remaining life for the bond (XS0169950531-5.05-26-Apr-2033) was inaccurate, and the bond was missing in the maturity bucket indices of 5+ Years 10+ Years 15+ Years.

 

Please contact iboxx@markit.com if you have further questions.
06/30/2012
Updated list of private placements
The Markit iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.
05/31/2012
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. This bond has been added to the attached list of retail bonds.
05/31/2012
Updated list of private placements
The iBoxx European Technical Committee has identified seven additional private placements. These bonds have been added to the attached list of private placements.
05/21/2012
Changes to the rules for Markit iBoxx USD Liquid High Yield Capped Index

Markit today announced rules changes to the Markit iBoxx USD Liquid High Yield Capped Index.
The changes will be effective starting May 31th, 2012 for the next monthly rebalancing.
The full list of rules changes is as follows:

  1. The minimum time-to-maturity of the bonds in the index as of each rebalancing day will be reduced from 3.5 years to 1.5 years for new insertions and from three years to one year for existing bonds.
  2. The 5 year age rule for bonds will be replaced with a new rule. Securities in the index will need a time-to-maturity of 15 years or less at issuance.
  3. Bond issues by companies from Australia, Hong Kong, New Zealand and Singapore will become eligible.
  4. The rating rule will be changed. Split rated bonds will become eligible for the index and the index rating will be determined based on the average.
  5. Yankee bonds will be eligible.

Indicative changes to some of the key metrics of the Markit iBoxx USD Liquid High Yield Capped Index based on the above modified criteria as of May 17th are detailed in the table below:
ValueCurrent IndexNew Rule
Market Value of the Index332 billion463 billion
# of Bonds in the Index480649
# of Issuers in the Index200229
Average Index Coupon8.27.89
Average Index Maturity5.635.26
Average Index Duration4.13.92
Average Index Yield7.567.12
For more information please contact iBoxx@markit.com.
05/07/2012
Restatement of PIMCO GLADI Indices Data

The USD/INR NDF data used in the indices on May 1st 2012 was based on incorrect values. The issue does not affect the PIMCO Global Advantage US Bond Indices , PIMCO Global Advantage Eurozone Bond Indices, PIMCO Global Advantage Japan Bond Indices and PIMCO Global Advantage Other Industrialized Countries Bond Indices.

 

·          The total return index level for May 1st for the PIMCO Global Advantage Index (US fixing) should be 139.6772 

·          The total return index level for May 1st for the PIMCO Global Advantage Emerging Markets Bond Index (US fixing) should be 122.3903

·          The total return index level for May 1st for the PIMCO Global Advantage India Local Currency (US fixing) should be 117.0669

 

The updated index values for May 1st and files for May 2nd are available on www.pimoindex.com and on the ftp server.

 

Please email pimcoindex@pimco.com for any questions about this revision.

 

 
04/30/2012
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. This bond has been added to the attached list of private placements.
04/17/2012
Changes to the rules for Markit iBoxx USD Liquid Investment Grade Indices, Markit iBoxx USD Liquid High Yield Indices, Markit iBoxx Global Developed Markets High Yield Indices and Markit iBoxx Global Developed Markets ex-US High Yield Indices

Markit today announced rules changes to the Markit iBoxx USD Liquid Investment Grade, Markit iBoxx USD Liquid High Yield, Markit iBoxx Global Developed Markets High Yield and Markit iBoxx Global Developed Markets ex-US High Yield Indices.

The changes will be effective starting April 30th, 2012 for the next monthly rebalancing.

The full list of rules changes is as follows:
 
Markit iBoxx USD Liquid Investment Grade Indices:
1. The issuer amount outstanding requirement will be reduced from USD three billion to USD two billion
2. Callable and putable bonds will become eligible
3. Bond issues by companies from Australia, Hong Kong, New Zealand and Singapore will become eligible

Indicative changes to some of the key metrics of the Markit iBoxx USD Liquid Investment Grade Indices based on the above modified criteria are detailed in the table below:

 

Current Index Methodology

New Index Methodology 

Nominal Change to Index 

% Change to Index 

Market Value of the Index

 1205.8 billion

 1379.5 billion

 173.7 billion

 14%

 # of Bonds in the Index

 820

 943

 123

15%

 # of Issuers in the Index

 159

 204

 45

 28%

Average Index Duration

 7.5390

 7.5430

0.0040

0.0005

Average Index Yield

 4.2168

 4.2168

0.0000

0.0000

Average Index Coupon

 5.5400

 5.5043

 -0.0357

 -0.0064

 

Markit iBoxx USD Liquid High Yield Indices:
1. The minimum time-to-maturity of the bonds in the index as of each rebalancing day will be reduced from 3.5 years to 1.5 years for new insertions and from three years to one year for existing bonds
2. The 5 year age rule for bonds will be replaced with a new rule. Securities in the index will need a time-to-maturity of 15 years or less at issuance.
3. Bond issues by companies from Australia, Hong Kong, New Zealand and Singapore will become eligible
4. The rating rule will be changed. Split rated bonds will become eligible for the index and the index rating will be determined based on the average.
5. Yankee bonds will be eligible.

Indicative changes to some of the key metrics of the Markit iBoxx USD Liquid High Yield index based on the above modified criteria are detailed in the table below:

 

Current Index Methodology 

New Index Methodology 

Nominal Change to Index

% Change to Index 

Market Value of the Index

 445 billion

 562 billion

 117 billion

 26.29%

# of Bonds in the Index

 482

 630

 148

 31%

# of Issuers in the Index

 195

 221

 26

 13%

Average Index Duration

 4.02

 3.97

 -0.05

 -0.01

Average Index Yield

 7.20

 6.97

 -0.23

 -0.03

Average Index Coupon

 8.14

 7.92

 -0.22

 -0.03

The corresponding changes in the USD Liquid High Yield Indices will also be reflected in the Markit iBoxx Global Developed Markets High Yield Indices and the Markit iBoxx Global Developed Markets ex-US High Yield Indices.
1. Bonds with a minimum time-to-maturity of 1.5 years for new insertions and one year for existing bonds will become eligible
2. The 5 year age rule for bonds will be replaced with a new rule. Securities in the index will need a time-to-maturity of 15 years or less at issuance.
3. Bond issues by companies from Australia, Hong Kong, New Zealand and Singapore will become eligible
4. The rating rule will be changed. Split rated bonds will become eligible for the index and the index rating will be determined based on the average.
5. Yankee bonds will be eligible.

For more information please contact iBoxx@markit.com.
04/13/2012
Restatement of PIMCO Global Advantage U.S. Securitized Indices

The data used in the PIMCO Global Advantage U.S. Securitized Indices for the April 6th and April 9th was based on incorrect TBA value. Therefore the values from April 6th and April 9th will be republished. The issue does not affect the regional PIMCO Global Advantage Eurozone Bond Index, PIMCO Global Advantage Japan Bond Index, PIMCO Global Advantage Other Industrialized Countries Bond Index, PIMCO Global Advantage Emerging Markets Bond Index and their sub-indices.

• The total return index level for April 6th and 9th for the PIMCO Global Advantage U.S. Securitized Index (US fixing) should be 125.3559 and 125.4292.
• The total return index level for April 6th and 9th for the PIMCO Global Advantage Index (US fixing) should be 136.7970 and 137.0470.

The updated index values for April 6th -9th are available on www.pimcoindex.com and on the ftp server.

Please email pimcoindex@pimco.com for any questions about the revision.
04/05/2012
Restatement of Markit CDX.NA.HY 5-year Excess Return Index levels

Please note that that Markit has restated the historical index levels for the Markit CDX.NA.HY 5-year Excess Return Index. This was done to correct technical errors with regard to the calculation of accrued and index returns on dates where the underlying index was reversioned. The table below show the impact on the latest levels.

 

Price DateNameIndex Level After RestatementIndex Level Before RestatementBasis
03-Apr-12Markit CDX.NA.HY 5Y Excess Return103.611007103.607301-0.003706
04/05/2012
Restatement of Markit iBoxx Underlying & Indices Data

Due to an error with the UK CPI level, an incorrect index ratio was used for index calculation and analytics. As a result, the underlyings and indices files for the following list of indices have been restated for the period between 2nd April and 4th April 2012:

Global Advantage Bond Index
Global Advantage Inflation-Linked Bond Index
Global Advantage Inflation-Linked Bond Index 1-15
Markit iBoxx Inflation-Linked Bond Index

If you have any questions regarding this announcement please contact IBOXX@markit.com

 
03/31/2012
Updated list of retail bonds
The iBoxx European Technical Committee has identified five additional retail bonds. These bonds have been added to the attached list of retail bonds.
03/31/2012
Updated list of private placements
The iBoxx European Technical Committee has identified six additional private placements. The bonds have been added to the attached list of private placements.
03/29/2012
Markit iBoxx EUR Sovereigns High Yield index - rating methodology amendment

The rules for the Markit iBoxx EUR Sovereigns High Yield index have been amended effective 31st March 2012 as follows:

For sovereign debt from countries whose Markit iBoxx average long term local currency debt rating is below investment grade, the individual bond ratings rather than the country rating are used to determine the average rating and eligibility of the bonds. The amendment is necessary because there is a significant likelihood in high yield that the individual security and/or status of bonds may be different from the overall situation of the country or issuer. The rules for the investment grade indices remain unchanged.

The amendment to the rating methodology was recommended by the European Technical Committee and approved by the Oversight Committee.

If you have any questions regarding this announcement please contact IBOXX@markit.com

 
03/26/2012
Markit iBoxx Target Duration TIPS Index Rule Changes

The bond selection date has been updated to three business days prior to month-end. Previously, the bond selection date was the last day of the month.  The weights for the subsequent period will still be determined on the last day of the month.The new rules will be effective as of the March 31, 2012 re-balancing date.

If you have any questions regarding this announcement please contact IBOXX@markit.com

 
03/22/2012
Restatement of EOD Markit iTraxx Crossover Total Return Index levels

The restatement of the 20-March-2012 EOD levels was caused by a technical error. The table below show the changes in the previously published and current index values:

Price Date Price Time (LDN) Name Series Version Term Maturity On The Run Composite Price Composite Spread Total Return Short Total Return
20-Mar-1218:31:57iTraxx Europe Crossover Total Return Index1715Y20-Jun-17Y97.80%555127.18%79.87%
 
03/13/2012
Restatement of Markit iBoxx Components & Underlying Data

Due to an incorrectly displayed rating for Mexico the component and underlyings files for the following list of indices have been restated for the period between 31 August 2011 and 31 January 2012:

  • Global Advantage Bond Index
  • Global Advantage Government Bond Index
  • Global Advantage Government Bond Index 1-5
  • Global Advantage Inflation-Linked Bond Index
  • Global Advantage Inflation-Linked Bond Index 1-15

The iBoxx average rating for Mexico was incorrectly displayed as A. The correct rating is BBB. 

Please note that this change does not have any impact on the overall membership or the index levels for these indices.

If you have any questions regarding this announcement please contact IBOXX@markit.com
03/02/2012
Updated list of private placements
The iBoxx European Technical Committee has identified four additional private placements. The bonds have been added to the attached list of private placements.
02/28/2012
Exclusion of Greek sovereign bonds from the Markit iBoxx € Sovereigns High Yield index
Greek sovereign bonds no longer qualify for the Markit iBoxx € Sovereigns High Yield index due to the decision by the ratings agencies to downgrade Greek sovereign debt following the recent debt restructuring agreement with private bondholders. All Greece sovereign debt will be excluded from the index during the upcoming rebalancing effective after the close of 29 February 2012. The decision was ratified by Markit iBoxx European Technical Committee.
01/31/2012
UPDATE: New target weights for the PIMCO Global Advantage Bond Index
Markit has republished the annual index weights for the Pimco Advantage Bond Index. Hungary has been downgraded and, as a result, no longer qualifies for the index. The weights of the sub-indices containing Hungary have changed. The overall regional weights have not changed.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP

Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%

The weights of all sub-indices are available in the attached file.
01/31/2012
UPDATE: New target weights for the PIMCO Global Advantage Government Bond Index
Markit has republished the annual index weights for the Pimco Advantage Government Bond Index. Hungary has been downgraded and, as a result, no longer qualifies for the index. The weights of the sub-indices containing Hungary have changed. The overall regional weights have not changed.

Regional weights are constructed as the equally-weighted average of the last five years’ global share of the GDP

Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%

The weights of all sub-indices are available in the attached file.
01/30/2012
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond.
This bond has been added to the attached list of retail bonds.
01/30/2012
Updated list of private placements
The iBoxx European Technical Committee has identified five additional private placements. The bonds have been added to the attached list of private placements.
12/29/2011
Updated list of private placements
The iBoxx European Technical Committee has identified four additional private placements.
The bonds have been added to the attached list of private placements.
12/29/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bonds have been added to the attached list of retail bonds.
12/5/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20111130
12/5/2011
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  EUR_Private_Placements_20111130
  GBP_Private_Placements_20111130
11/4/2011
Markit iBoxx Liquid USD Convertible index series (CVBX, CVEX Series 1 to 5), Daily Information.
11/3/2011
PIMCO Global Advantage Bond Index
Markit has republished the annual index weights for the Pimco Advantage Bond Index. The reason for the republishement is that the weights for Mexico and Poland were rounded in line with the other PIMCO GLADI indices. This change does not affect the regional weights but however affect the weights of the sub-indices containing Mexico and Poland.

As a result of this the following files were restated:

Files restated as of the 31-Oct-2011

  • pgladi_us_eom_components_201111.csv
  • pgladi_eu_eom_components_201111.csv

Files restated as of the 01-Nov-2011

  • pgladi_us_eod_underlyings_20111101.csv
  • pgladi_eu_eod_underlyings_20111101.csv
  • pgladi_us_eod_indices_20111101.csv
  • pgladi_eu_eod_indices_20111101.csv
11/3/2011
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index was restated for 1st of November, 2011.The daily index files have been restated because the following bonds were not taken into index calculation:

ISINIssuerFinal MaturityCoupon
SE0004269363Nordea Hypotek AB19/10/20263.46
CH0131610740Pfandbriefzentrale der Schweizerischen Kantonalbanken16/06/20232.25
CH0117076379Pfandbriefbank der schweizerischen Hypothekarinstitute15/09/20311.875
DK0004129020Danish Ship Finance15/11/20152
CH0134208427Deutsche Bahn Finance BV18/12/20171.5

The following files were restated:

  • pgladi_eu_eod_underlyings_20111101.csv
  • pgladi_us_eod_underlyings_20111101.csv
  • pgladi_eu_eod_indices_20111101.csv
  • pgladi_us_eod_indices_20111101.csv

The updated files are now available on the FTP server.

11/2/2011
Markit iBoxx Liquid USD Convertible index series (CVBX, CVEX Series 1 to 5), Daily Information.
11/2/2011
Annual Review of index weights for the PIMCO Global Advantage Bond Index
Markit has republished the annual index weights for the Pimco Advantage Bond Index. The reason for the republishement is that the weights for Mexico and Poland were rounded in line with the other PIMCO GLADI indices. This change does not affect the regional weights but however affect the weights of the sub-indices containing Mexico and Poland.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP

Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%

The weights of all sub-indices are available in the attached file.

  PIMCO GLADI Annual Weights Review
11/1/2011
Markit iBoxx EUR and GBP End-of Day Prices and Index Level Nov 1 2011
Today’s - Nov 1st 2011 - end of day published prices for Markit iBoxx EUR and GBP are based on indicative real time pricing only. The verified official final close will be send out tomorrow Nov 2nd via the usual vendors and distribution channels. Markit will publish the final close on markit.com.
10/18/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20110930.pdf
10/12/2011
Annual review of market weights for Markit iBoxx ABF Pan-Asia indices
10/12/2011
Annual review of market weights for Markit iBoxx Asia ex-Japan indices
10/11/2011
Annual Review of index weights for the PIMCO Global Advantage Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2011. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Bond Index.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP

Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%

The weights of all sub-indices are available in the attached file.

  PIMCO GLADI Annual Weights Review

 
10/11/2011
Annual Review of index weights for the PIMCO Global Advantage Government Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Government Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2011. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Government Bond Index.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP

Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%

The weights of all sub-indices are available in the attached file

  PIMCO Government Sub Indices Weights

 
10/11/2011
Annual Review of index weights for the PIMCO Global Advantage Inflation-Linked Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Inflation-Linked Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2011. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Inflation-Linked Bond Index. Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP
Regions20062007200820092010Regional Weights
US13398.9314061.814369.0814119.0514657.824.60%
Eurozone10753.2212363.5213607.1512474.491218921.40%
Japan4362.584377.964879.845032.985458.878.40%
Other Industrialized Countries6036.76937.377163.986219.386914.9211.60%
Emerging markets14798.0517961.7321248.0520074.3723688.6934.00%
World GDP49349.4855702.3861268.0957920.2762909.27100.00%  

The weights of all sub-indices are available in the attached file.

  PIMCO Inflation-Linked Sub indices Weights
09/23/2011
Markit Announces Result of the 2011 Annual Index Review
As part of the 2011 Annual Index Review, Markit today announced the attached changes and additions to its indices. Rule changes affect the Markit iBoxx EUR, Markit iBoxx EUR High Yield and Markit iBoxx GBP index families. All changes have been reviewed by Markit iBoxx European Oversight Committee.

  Annual Index Review 2011

 
09/20/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds

 
09/20/2011
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. The bonds have been added to the attached list of private placements.

  EUR_Private_Placements
  GBP_Private_Placements
09/01/2011
MARKIT TO UPDATE PRICING METHODOLOGY FOR MARKIT iBoxx USD INDICES
London and New York, NY - Markit, a financial information services company, today announced that it will implement changes to the rules governing the consolidation of prices for the Markit iBoxx USD indices. These changes are designed to improve the pricing in illiquid and volatile markets. The Markit iBoxx USD cash bond indices are used by asset managers as a benchmark for investment grade and high yield fixed income portfolios. The indices are calculated daily using price contributions from 10 banks that are consolidated by Markit using stringent filters and consolidation algorithms. Recent volatility and a reduction in liquidity in the fixed income markets has prompted an enhancement in our methodology. In consultation with price contributors, investors, regulators and industry bodies, and with the approval of the Markit iBoxx USD Oversight Committee, Markit has updated the index rules. Beginning October 31st, an additional step will be introduced in the calculation of the daily index prices whereby a new Control Price* will serve as a proxy in determining consolidated prices. The new rules can be found on www.markit.com. * Calculated by Markit using a forward matrix model and all observable prices to Markit.

  Markit iBoxx USD_Bond Price Consolidation Rules.pdf
08/17/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds
08/17/2011
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  EUR_Private_Placements.pdf
07/22/2011
Price correction and republication of Markit iBoxx EUR and Markit iBoxx Custom EUR
Please note that the daily underlying files for the indices with the index constituent IE0006857530 have been republished on our ftp. For the affected mid price indices, the underlying and indices files have been recalculated and republished on our ftp. The ask price for the bond (ISIN: IE0006857530) was inaccurate and affected the Price Return Index level and the Total Return Index level for mid indices. The updated files been published on ftp.
07/06/2011
Exclusion of Portuguese sovereign debt from the Markit iBoxx EUR Investment Grade indices

Following the downgrade of Portugal by Moody's yesterday, the average Markit iBoxx rating of Portuguese debt has fallen below investment grade. Portugal therefore no longer qualifies for the Markit iBoxx € Benchmark indices and will be excluded during the index rebalancing at the end of July. Markit will continue to publish prices and indices on Portuguese government debt in the form of a separate Markit iBoxx € Portugal index which comprises Portuguese sovereign debt. Markit will also create an iBoxx EUR Sovereigns High Yield index comprising Greek and Portuguese sovereign debt denominated in EUR.

Markit publishes index previews of the Markit iBoxx EUR Investment Grade index weekly. The first August preview will be published on Friday 8 July 2011 on http://indices.markit.com
07/05/2011
Restatement of Markit iBoxx Index & Underlying Data
During the July Rebalancing the following errors occurred and have been corrected retrospectively:
  • For IT0004735152 (BTPS/3.1/09/2026) an incorrect inflation base date was used in the rebalancing calculation.
  • KR35441970C3 (KHFC/3.55/06/12) was erroneously included in the Markit iBoxx ABF/Asia indices

As a result the following products & files have been re-stated and republished on the Markit FTP server:

Markit iBoxx Inflation-Linked Indices

  • Components
    iboxx_ilb_eom_components_201107.csv

  • Index Files
    iboxx_ilb_eu_eod_localindices_20110701.csv
    iboxx_ilb_us_eod_localindices_20110701.csv
    iboxx_ilb_fe_eod_localindices_20110701.csv
    iboxx_ilb_fe_eod_localindices_20110704.csv
    iboxx_ilb_eu_eod_aggregatedindices_20110701.csv
    iboxx_ilb_us_eod_aggregatedindices_20110701.csv
    iboxx_ilb_fe_eod_aggregatedindices_20110701.csv
    iboxx_ilb_fe_eod_aggregatedindices_20110704.csv

  • Underlying Files
    iboxx_ilb_eu_eod_underlyings_20110701.csv
    iboxx_ilb_us_eod_underlyings_20110701.csv
    iboxx_ilb_fe_eod_underlyings_20110701.csv
    iboxx_ilb_fe_eod_underlyings_20110704.csv

Pimco Global Government and Inflation-Linked Indices

  • Components
    pgladi_us_eom_components_201107.csv
    pgladi_eu_eom_components_201107.csv
    pgladi_gov_ilb_eom_components_201107.csv
    pgladi_gov_ilb_eom_components_fcy_est_fx_201107.csv
    pgladi_gov_ilb_eom_components_fcy_gmt_fx_201107.csv

  • Index Files
    pgladi_us_eod_indices_20110701.csv
    pgladi_eu_eod_indices_20110701.csv
    pgladi_gov_ilb_eod_indices_gmt_fx_20110701.csv
    pgladi_gov_ilb_eod_indices_est_fx_20110701.csv

  • Underlying Files
    pgladi_us_eod_underlyings_20110701.csv
    pgladi_eu_eod_underlyings_20110701.csv
    pgladi_gov_ilb_eod_underlyings_20110701.csv
    pgladi_gov_ilb_eod_underlyings_fcy_est_fx_20110701.csv
    pgladi_gov_ilb_eod_underlyings_fcy_gmt_fx_20110701.csv

Markit iBoxx ABF/Asia Indices

  • Components
    iboxx_asia_eom_components_201107.csv
    iboxx_abf_eom_components_201107.csv

  • Index Files
    iboxx_asia_eod_indices_20110701.csv
    iboxx_asia_eod_indices_20110704.csv
    iboxx_abf_eod_indices_20110701.csv
    iboxx_abf_eod_indices_20110704.csv

  • Underlying Files
    iboxx_asia_eod_underlyings_20110701.csv
    iboxx_asia_eod_underlyings_20110704.csv
    iboxx_abf_eod_underlyings_20110701.csv
    iboxx_abf_eod_underlyings_20110704.csv
If you have any questions regarding this announcement please contact IBOXX@markit.com
06/13/2011
Clarification of inclusion of new issues and amount outstanding increases at each monthly rebalancing
Markit has been asked to clarify how government auctions would be treated in reference to the monthly rebalancing process. As per the Markit iBoxx EUR, GBP and USD index rules, newly issued bonds that meet the index eligibility rules will only be included in the month end index rebalancing process if their rating and amount outstanding is known with certainty no later than three business days prior to the last trading day of the month.

According to its index rules, Markit updates all static data and amount outstanding information for bonds three business days before the end of the month. This includes auction results for any government bond auctions that Markit is aware of and that occur up to and including the third last business day of the month.
06/03/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified five additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
06/03/2011
Restatement of the PIMCO Global Advantage Bond Indices
Please note that the daily underlying and indices files for the PIMCO Global Advantage Bond indices US fixing for June 2nd have been recalculated and republished. The EU fixing was not affected from the restatement The updated files are available on our ftp.
06/03/2011
Updated list of private placements

The iBoxx European Technical Committee has identified two additional private placements. The bonds have been added to the attached list of private placements.

  EUR Private Placements
05/23/2011
Restatement of the PIMCO Global Advantage Bond Indices
Please note that the daily underlying and indices files for the PIMCO Global Advantage Bond indices for May 20th have been recalculated and republished. The NDF data for MYR/USD used was inaccurate and affected the Currency indices.
The updated files are available on our ftp.
05/16/2011
Client Consultation: Lowering the Cut-off Level for EUR-denominated Bonds in the Markit iBoxx EUR Indices

Within the context of the 2011 Annual Index Review for its Markit iBoxx EUR index family, Markit is evaluating whether to lower the cut-off amount for EUR-denominated covered bonds from its current minimum size requirement of EUR 1 billion to EUR 500 million. The review is expected to take place in Q3 2011 and is being conducted in response to a sustained trend towards the issuance of smaller covered bonds since the financial crisis in 2008. Markit has conducted a thorough analysis, and its main findings are:

 

  • Total issuance size as well as share of small covered bonds has increased significantly since 2008.

 

  • Number of issuers solely issuing bonds below EUR 1 billion has tripled in 2010, compared to 2008 and 2009.

 

Markit is going to discuss the potential implications of a change to the cut-off rules with market participants in the coming weeks. Markit welcomes any feedback from investors on the potential cut-off change, and in particular whether it would be desirable to change the rule without applying a restricting on the settlement date of the bonds (meaning that all eligible bonds that settled since the trend began would enter the index) or whether the rule should apply going forward (meaning that only bonds that settle on or after the date of the rule change would be included). Investors can provide their comments by emailing iboxx@markit.com.

 

The feedback from market participants will be discussed at the Technical Committee for the European iBoxx indices and a recommendation will be submitted to the Oversight Committee for the European indices for a final decision.

05/13/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds

  IIC Retail Bonds
05/13/2011
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. The bonds have been added to the attached list of private placements.

  EUR Private Placements
04/21/2011
Markit Announces Adjustments to the US Holiday Calendar for the iBoxx USD Indices
Due to market closures in Europe and the expectation of limited trading on the US trading desks on Friday 22 April 2011, Markit iBoxx USD Indices will not be calculated for that date. In similar situations in years past, the number of price contributions for US dollar-denominated fixed-income securities have decreased significantly making it difficult to provide accurate and indicative consolidated iBoxx prices. Members of the Markit iBoxx USD Technical Committee have been informed of and support this one-time adjustment to the index holiday calendar.
04/20/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified five additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds
04/08/2011
Markit Announces Development of Markit iBoxx USD Liquid Leveraged Loan Index New York, NY
Markit, a leading, global financial information services company, today announced that the new Markit iBoxx USD Liquid Leveraged Loan Index is in development and targeted to launch during the second quarter of 2011.
02/28/2011
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
02/23/2011
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of February 2011
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of Februray 2011

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index
02/18/2011
Exclusion of Egypt local currency government bonds and FX instruments from the PIMCO Global Advantage Bond Index and the PIMCO Global Advantage Government Bond Index
Based on the target weights, the PIMCO Global Advantage Bond Index has a 0.4% exposure to Egyptian local currency government bonds and FX instruments and the PIMCO Global Advantage Government Bond Index has a 0.8% exposure to Egypt via internal bonds. Following the downgrade of Egypt by Fitch, Moody's and S&P, the average local currency sovereign debt rating of Egypt has fallen below investment grade. Therefore, debt and FX instruments denominated in Egyptian Pounds no longer qualify for the PIMCO Global Advantage Bond Index as well as the PIMCO Global Advantage Government Bond Index and will be excluded during the index rebalancing at the end of February.
02/14/2011
Updated list of retail bonds
The iBoxx European Technical Committee has identified four additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds
02/14/2011
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  GBP_Private_Placements
02/01/2011
Egyptian Local Currency Bonds prices for the 31st of January
Due to the Market close in Egypt on the 31st of January, the prices published for Egyptian Local Currency Bonds are as of 28th January.
01/26/2011
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of January 2011
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of January 2011.

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index
01/17/2011
MARKIT LAUNCHES EMERGING MARKET BOND INDICES
London and New York, NY - Markit, a leading global financial information services company, today announced the launch of the Markit iBoxx USD Emerging Markets Sovereigns family of benchmark and tradable indices referencing US dollar-denominated emerging market debt.

  Markit launches emerging market bond indices
01/10/2011
FXAUD weights publication
Please note, that the weights for GBP and NZD in the FXAUD basket for 2010 were published incorrect in the FX Fact Sheets and FX Guide from January 2010 till September 2010.

After the print error was noticed, the weights were correspondingly updated in the documents mentioned above. The calculated Index values were not affected and correct for the entire period.

The FXAUD index value as of 12/31/2010 is 142.45354 with the constant factor 29.08803248:

JPY37.78%
EUR23.04%
USD19.81%
GBP11.01%
NZD8.36%

The FXAUD index value as of 12/31/2010 would be 145.11507 with the constant factor 29.08803248 and the weights initially published for GBP and NZD within this basket.

JPY37.78%
EUR23.04%
USD19.81%
GBP8.36%
NZD11.01%
12/28/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20101231
12/28/2010
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of December 2010
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of December 2010

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index
12/13/2010
Determination of year-end pricing for the Markit iBoxx Indices Notification on the year-end pricing process for the Markit iBoxx Indices
On 31 December, standard multi-contributor pricing will be used for all Eurozone sovereign bonds in the Markit iBoxx EUR and for all gilts in the Markit iBoxx GBP indices. Prices for non-sovereigns/non-gilts are determined based on the end-of-day benchmark spread of the bonds as of 30 December. The 30 December spread will be carried forward and applied to the live benchmark prices of the sovereigns as of 31 December.

For all other Markit iBoxx indices the standard pricing methodology as described in the Guides will be applied. For the publication and calculation of each of these indices we refer to the index calendar available under "News" - "Index Calendar" on https://products.markit.com/
11/28/2010
Updated list of private placements
The iBoxx European Technical Committee has identified six additional private placements. The bonds have been added to the attached list of private placements.

  EUR_Private_Placements_20101130.pdf
11/25/2010
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of November 2010
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of November 2010

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index 
11/10/2010
Markit iBoxx Liquid USD Convertible index series (CVBX1, CVEX1, CVBX2, CVEX2 and CVBX3, CVEX3), Daily Information
10/25/2010
Annual Review of index weights for the PIMCO Global Advantage Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2010. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Bond Index.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP.

 

Regions20052006200720082009Regional Weights
US12638.413398.914077.714441.414256.325.60%
Eurozone1014610742.912341.113624.512503.322.10%
Japan4552.24362.6437848875068.18.60%
Other Industrialized Countries5580.46023.96914.77162.16239.511.90%
Emerging markets12513.914626.317681.12110619870.431.80%
World GDP4543149154.655392.56122157937.5100.00%
 

The weights of all sub-indices are available in the attached file.

  PIMCO_GLADI_annual_weights_review.xls

 
10/25/2010
Annual Review of index weights for the PIMCO Global Advantage Government Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Government Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2010. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Bond Index.

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP.
Regions20052006200720082009Regional Weights
US12638.3813398.9314077.6514441.4314256.2825.60%
Eurozone10146.0410742.9212341.0913624.5312503.2822.10%
Japan4552.1924362.5774377.9614886.9635068.0598.60%
Other Industrialized Countries5580.4276023.9316914.6877162.0776239.4611.90%
Emerging markets12513.9514626.2817681.121105.9619870.3931.80%
World GDP45430.9849154.6355392.4861220.9657937.46100.00%
 

The weights of all sub-indices are available in the attached file.

  PGGBI_SUB_INDICES_WEIGHTS.xls
10/25/2010
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of October 2010
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of October 2010.

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index
10/1/2010
List of bonds whose rating has not yet been finalised
Please find attached the list of bonds which have been excluded from the latest iBoxx EUR & iBoxx GBP membership for October due to unconfirmed ratings

  Missing Ratings
10/1/2010
Updated list of retail bonds

The iBoxx European Technical Committee has identified two additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IICRetailBonds
09/27/2010
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of September 2010

Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of September 2010

  Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index
09/24/2010
Annual review of market weights for Markit iBoxx ABF Pan-Asia indices
09/24/2010
Annual review of market weights for Markit iBoxx Asia ex-Japan indices
09/21/2010
Markit announces the constituents and weights of the bonds and equities comprising the third Markit iBoxx Liquid USD Convertible index series (CVBX3, CVEX3)
Markit, a financial information services company, is pleased to publish the 100 constituents comprising the third Markit iBoxx Liquid USD Convertible Bond Index series (CVBX3) and the list of equities into which the CVBX3 converts. The list has been derived using the rules governing index membership. For more information please contact iboxx@markit.com.

  Markit_iBoxx_Liquid_USD_Convertible_Index_Series_3.xls
09/03/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index was restated for 2nd of September 2010.The reason for the restatement was that wrong NDF rates were used for Russian Rubble. The following files were restated:
  • pgladi_us_eod_indices_20100902.csv
  • pgladi_eu_eod_indices_20100902.csv
  • pgladi_us_eod_underlyings_20100902.csv
  • pgladi_eu_eod_underlyings_20100902.csv
The following indices were affected:
  • PIMCO Global Advantage Overall
  • PIMCO GLADI Emerging Markets Overall
  • PIMCO GLADI Emerging Markets Currencies
  • PIMCO GLADI Russia Local Currency
The updated files are now available on the FTP server.
08/27/2010
List of bonds whose rating has not yet been finalised
Please find attached the list of bonds which have been excluded from the latest iBoxx EUR membership for September due to unconfirmed ratings

  Missing Ratings
08/27/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds
08/27/2010
Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index country ranking as of the end of August 2010
Please find attached the full ranking of all qualifying countries for the Markit iBoxx EUR Sovereigns Eurozone Yield Plus Index as of the end of August 2010

  Markit Boxx EUR Sovereigns Eurozone Yield Plus Index
08/17/2010
indices.markit.com and indexco.com moving to Markit Client Site
In order to provide a wider and improved range of services to our customers, the login process for our index website - indices.markit.com (formerly www.indexco.com) - will soon be moving to the integrated single login Markit Client Site on http://www.markit.com/en/. Users will still be able to access for now all index data via indices.markit.com using their existing usernames and passwords. However these will soon be disabled and users should use updated username and password information that will be provided shortly. As a result of this integration the appearance of indices.markit.com will remain largely unchanged.

Should you have any queries please direct your questions to iboxx@markit.com
08/03/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index components files for August 2010 were restated. The PIMCO Global Advantage Bond Index rule allows a maximum of 15 bonds per country from the emerging market. Due to a data export problem, the number of bonds for Egypt and Mexico in the components files was above the maximum number of eligible bonds. Therefore, the following bonds were excluded from the components files.

 

ISINtickerIssuerIssuer CountryFinal MaturityCoupon
MX0MGO0000A4MBONOMEX BONOS DESARR FIX RTMEXICO20-Jun-139
EGBGR00421F0EGYGBEgypt Government BondEGYPT28-Apr-1210.35
 

The following files were affected:

  • pgladi_eu_eom_components_201008.csv
  • pgladi_us_eom_components_201008.csv

The updated files are available on the FTP server.
07/30/2010
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. The bonds have been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
07/30/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bond has been added to the attached list of retail bonds.

  IICRetailBonds_20100731.pdf
07/29/2010
List of bonds whose rating has not yet been final
Please find attached the list of bonds which have been excluded from the latest iBoxx EUR membership for August due to unconfirmed rating

 

ISINIssuerCouponMaturityAmount
FR0010910240Caisse Refinancement de l'Habitat3.522/06/20201,250,000,000
DE0001590537State of Lower Saxony2.1258/6/20151,000,000,000
FR0010915660Caisse d'Amortissement de la Dette Sociale3.37525/04/20212,500,000,000
XS0525146907National Australia Bank Ltd413/07/20201,250,000,000
ES0413211386Banco Bilbao Vizcaya Argentaria SA3.526/07/20132,000,000,000
 
07/05/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds
07/05/2010
Updated list of private placements
The iBoxx European Technical Committee has identified three additional private placements. The bonds have been added to the attached list of private placements.

  GBP Private Placements
  EUR Private Placements
07/02/2010
List of bonds whose rating has not yet been final
Please find attached the list of bonds which have been excluded from the latest iBoxx EUR membership for July due to unconfirmed rating.

  EUR bonds with missing rating
07/01/2010
Closing Prices of Greek sovereign bonds on the 30-June-2010
Following the downgrade of Greece by Moody's, and the subsequent fall of the average iBoxx rating of Greek sovereign debt below investment grade, 24 Greek sovereign bonds were excluded from the Markit iBoxx Investment Grade indices. Markit will continue to publish prices and indices on EUR-denominated Greek government debt in the form of a separate iBoxx € Greece index which comprises Greek sovereign debt. The final closing prices published for the 30th June 2010 are listed below:
ISINTickerIssuerCouponFinal MaturityCurrencyBid PriceAsk Price
GR0124031650GGBRepublic of Greece67/19/2019EUR71.4050872.89833
GR0128001584GGBRepublic of Greece7.55/20/2013EUR91.36392.888
GR0114021463GGBRepublic of Greece48/20/2013EUR81.5047782.67652
GR0124021552GGBRepublic of Greece4.65/20/2013EUR84.2251885.38743
GR0124030645GGBRepublic of Greece4.67/20/2018EUR68.3083369.70686
GR0124032666GGBRepublic of Greece6.256/19/2020EUR73.8908475.77517
GR0114019442GGBRepublic of Greece3.98/20/2011EUR93.8818694.66005
GR0124029639GGBRepublic of Greece4.37/20/2017EUR68.1605269.43245
GR0118012609GGBRepublic of Greece5.94/20/2017EUR76.5909478.2393
GR0124028623GGBRepublic of Greece3.67/20/2016EUR70.8961272.33892
GR0124024580GGBRepublic of Greece4.55/20/2014EUR79.3834680.58921
GR0128002590GGBRepublic of Greece6.51/11/2014EUR86.6952887.71649
GR0133001140GGBRepublic of Greece6.510/22/2019EUR73.854275.26765
GR0110021236GGBRepublic of Greece4.33/20/2012EUR91.1649291.80272
GR0133002155GGBRepublic of Greece5.910/22/2022EUR67.3877569.00825
GR0133004177GGBRepublic of Greece5.33/20/2026EUR59.8745660.89434
GR0114020457GGBRepublic of Greece4.18/20/2012EUR87.423788.61537
GR0114023485GGBRepublic of Greece6.18/20/2015EUR81.1341382.67012
GR0138002689GGBRepublic of Greece4.69/20/2040EUR51.8297652.97976
GR0124018525GGBRepublic of Greece5.255/18/2012EUR91.0103491.74501
GR0133003161GGBRepublic of Greece4.73/20/2024EUR58.8834460.23794
GR0114022479GGBRepublic of Greece5.58/20/2014EUR80.6080882.35852
GR0124026601GGBRepublic of Greece3.77/20/2015EUR72.0127273.77121
GR0138001673GGBRepublic of Greece4.59/20/2037EUR51.8693553.36935
GR0338001531GGBRepublic of Greece I/L2.97/25/2025EUR39.30648.306
GR0338002547GGBRepublic of Greece I/L2.37/25/2030EUR38.7247.72
XS0372384064GREECERepublic of Greece16/25/2013USD81.71497683.441623
 
06/30/2010
Exclusion of Greek inflation-lined bonds from the PIMCO Global Advantage Bond Index
Based on the target weights, PIMCO Global Advantage Bond Index has 0.1% Greece exposure via inflation-linked bonds. Following the downgrade of Greece by Moody's, the average sovereign rating of Greece has fallen below investment grade. Therefore, Greece no longer qualifies for the PIMCO Global Advantage Bond Index and will be excluded during the index rebalancing at the end of June.
06/25/2010
Markit updates rating rules for the Markit iBoxx EUR High Yield index
The Oversight Committee for the Markit iBoxx EUR High Yield index has reviewed issuer eligibility rule for the iBoxx EUR HY Index. The Oversight Committee has approved the following change of the index rule:

"The country from which the bond originates must be investment grade rated according to the iBoxx rating methodology. Ratings from Fitch Ratings, Moody's Investors Service and Standard & Poor's Rating Services are used and consolidated to an average iBoxx rating. The iBoxx rating is used to determine whether the country is investment grade."

Previously, the country rating was determined by the lowest rating form one of the individual rating agencies. The rule change is effective as of 31 July 2010.
06/16/2010
Exclusion of Greek sovereign debt from the iBoxx € Investment Grade indices
Following the downgrade of Greece by Moody's, the average iBoxx rating of Greek debt has fallen below investment grade. Therefore, Greece no longer qualifies for the Markit iBoxx € Benchmark indices and will be excluded during the index rebalancing at the end of June. Markit will continue to publish prices and indices on Greek government debt in the form of a separate iBoxx € Greece index which comprises Greek sovereign debt.
06/14/2010
Changes to the Markit iBoxx EUR Liquid High Yield Index
The existing Markit iBoxx EUR Liquid High Yield Index, with ISIN GB00B28Y7C82, will be discontinued as of 30 June 2010. It will be replaced with a new Markit iBoxx EUR Liquid High Yield Index, ISIN GB00B57G6H43. All parties agreed to discontinue the index. The rules for the new index will be published on http://indices.markit.com under Publications/Rules.
05/31/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds
05/31/2010
Restatement of the PIMCO Global Advantage Bond Index

Please note that the PIMCO Global Advantage Bond Index was restated for 27th of May 2010.The reason for the restatement was that indicative prices were used for some "Internal Bonds" in the "Emerging Market" region.

The following files were restated:
  • pgladi_us_eod_indices_20100527.csv
  • pgladi_eu_eod_indices_20100527.csv
  • pgladi_us_eod_underlyings_20100527.csv
  • pgladi_eu_eod_underlyings_20100527.csv
The following indices were affected:
  • PIMCO Global Advantage Overall
  • PIMCO GLADI Emerging Markets Overall
  • PIMCO GLADI Emerging Markets Internal Bond
  • PIMCO GLADI Malaysia Internal Bond
  • PIMCO GLADI Thailand Internal Bond
The updated files are now available on the FTP server.
05/31/2010
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bonds has been added to the attached list of private placements.

  GBP_Private_Placements_20100531.pdf
  EUR_Private_Placements_20100531.pdf
05/25/2010
Markit iBoxx bond pricing on the 31st May 2010 - Memorial Day (US), Spring Bank Holiday (UK)
iBoxx bond prices are multi contributor prices consolidating on trading days only. Month ends falling on non trading days will carry previous day EOD prices. Global indices partially affected by holidays will as well carry forward prices of the relevant components. Interest continues to accrue according to the specific instrument's conventions.
  • Markit iBoxx USD indices May 31st 2010 will be composed on May 28th EOD prices
  • Markit iBoxx USD High Yield indices May 31st 2010 will be composed on May 28th EOD prices
  • Markit iBoxx GBP indices May 31st 2010 will be composed on May 28th EOD prices.
  • Markit iBoxx Global Inflation Linked indices May 31st 2010 will be composed on May 28th EOD prices for USD and GBP markets and on May 31st prices for all other markets
05/12/2010
Increase in amount outstanding cut-off for bonds in the Markit iBoxx GBP Indices
Markit amends the inclusion rules for the Markit iBoxx GBP indices. From 31 December 2010, the minimum amount outstanding for non-gilts required for inclusion in the indices rises from £ 100m to £ 250m. The new cut-off only applies to bonds issued later than 31 December 2010. For bonds settling before or on 31 December 2010 the old threshold of £ 100m remains unchanged. The change has been approved by the Technical and Oversight Committees for the indices.

As part of the rule change, Markit is also going to publish a set of criteria to provide guidance on the rules relating to the review of amount outstanding cut-offs in order to make the process more transparent for users of the index. This guide will be published over the coming months
05/07/2010
Markit iBoxx Liquid USD Convertible index series (CVBX1, CVEX1 and CVBX2, CVEX2), Daily Information
05/06/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index was restated for the 3rd of May 2010. The reason for the restatement was that two securitized debt instruments (Freddie Mac, FGLM 4 30Y and Fannie Mae, FNCL 4 30Y ) were missing in the components and underlings files.

The following files were restated:

  • pgladi_us_eom_components_201005.csv
  • pgladi_eu_eom_components_201005.csv
  • pgladi_us_eod_indices_20100503.csv
  • pgladi_eu_eod_indices_20100503.csv
  • pgladi_us_eod_underlyings_20100503.csv
  • pgladi_eu_eod_underlyings_20100503.csv
The following indices were affected:
  • PIMCO Global Advantage Overall
  • PIMCO GLADI US Overall
  • PIMCO GLADI US Securitized
The updated files are now available on the FTP server.
05/04/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index components files below for May 2010 were restated. The reason for the restatement was that the wrong coupons for interest rate swap instruments were used.
  • pgladi_eu_eom_components_201005.csv
  • pgladi_us_eom_components_201005.csv
The updated files are available on the FTP server.
04/30/2010
Updated list of private placements
The iBoxx European Technical Committee has identified six additional private placements. The bonds have been added to the attached list of private placements.

  GBP_Private_Placements_20100430.pdf
  EUR_Private_Placements_20100430.pdf

 
04/30/2010
Updated list of retail bonds
Please find attached the updated list of retail bonds.

  IICRetailBonds_20100430.pdf

04/29/2010
Restatement of the ABF and Ex Japan constituent file
The ABF and Ex Japan constituent files for May have been restated. The reason for the restatement was as a result of PSASP 3.385 04/20 SGD bond (EI2232128) which was issued through reverse enquiries to a few investors. This issue has therefore been taken out of the final constituent files for May.
04/28/2010
Markit iBoxx EUR Rating Rules
Markit publishes short guide on the use of ratings in its Markit iBoxx EUR Indices.

  Markit_iBoxx_EUR_Rating_Rules.pdf
04/23/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index levels in the list below were restated for the dates from 29th of March 2010 to 22nd of April 2010.The reason for the restatement was mismatch between the forward rate time-point and the spot rate time-point.
  • PIMCO Global Advantage Bond Index (Custom hedged, in AUD)
  • PIMCO Global Advantage Bond Index partially hedged in CHF
  • PIMCO Global Advantage Bond Index partially hedged in EUR
  • PIMCO Global Advantage Bond Index partially hedged in GBP
  • PIMCO Global Advantage Bond Index (Custom hedged, in JPY)
  • PIMCO Global Advantage Bond Index (Custom hedged, in MXN)
  • PIMCO Global Advantage Bond Index (Custom hedged, in NZD)
  • PIMCO Global Advantage Bond Index (Custom hedged, in PHP)
  • PIMCO Global Advantage Bond Index partially hedged in USD
In addition to the partially/custom hedged indices the following indices have also been corrected and republished:
  • PIMCO Global Advantage Bond Index Unhedged (AUD)
  • PIMCO Global Advantage Bond Index Unhedged (CHF)
  • PIMCO Global Advantage Bond Index Unhedged (MXN)
  • PIMCO Global Advantage Bond Index Unhedged (NZD)
  • PIMCO Global Advantage Bond Index Unhedged (PHP)
The updated levels have been published on our website www.indexco.com.
04/01/2010
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  EUR_Private_Placements_20100331.xls
  GBP_Private_Placements_20100331.xls
04/01/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20100331.pdf
03/19/2010
Markit announces a correction to the CVEX2 equity universe.
Markit wishes to announce a change to 2 of the equities in the CVEX2 universe. Goldcorp Inc (CA3809564097) and Kinross Gold Corp (CA4969024047) were incorrectly priced. The file below corrects this error and recalculates any dependent variables. For more information please contact Neil Wardley (+1 212 205 1772) or email neil.wardley@markit.com.

  Markit iBoxx Liquid USD Convertible Index 2 Membership
03/18/2010
Markit announces the constituents and weights of the bonds and equities comprising the second Markit iBoxx Liquid USD Convertible index series (CVBX2, CVEX2)
Markit, a financial information services company, is pleased to publish the 100 constituents comprising the second Markit iBoxx Liquid USD Convertible Bond Index series (CVBX2) and the list of equities into which the CVBX2 converts. The list has been derived using the rules governing index membership. For more information please contact Neil Wardley (+1 212 205 1772) or email neil.wardley@markit.com.

  Markit iBoxx Liquid USD Convertible Index 2 Membership
03/17/2010
Markit Publishes Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 13). Please find below the lists.

  Markit iTraxx Asia ex-Japan Series 13 Final Membership List
  Markit iTraxx Australia Series 13 Final Membership List
  Markit iTraxx Japan Series 13 Final Membership List
03/17/2010
Markit Publishes Final Index Membership for Markit iTraxx SovX
Markit today published the final index membership for the Markit iTraxx SovX (Series 3).

  Markit iTraxx SovX Series 3 Final Membership List
03/17/2010
Markit Publishes Final Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the final index membership for the Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 13). Please find the lists below.

  Markit iTraxx Europe Series 13 Final Membership List
03/11/2010
Markit Publishes Provisional Index Membership for Markit iTraxx LevX
Please find the lists below.

  Markit iTraxx LevX Series 6 provisional.pdf
03/11/2010
Markit Publishes Provisional Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Please find the lists below.

  Markit iTraxx Europe Series 13 provisional.pdf
03/10/2010
Markit Publishes Provisional Index Membership for Markit iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan.
03/10/2010
Markit Publishes Provisional Index Membership for Markit iTraxx SovX
Markit today published the provisional index membership for the Markit iTraxx SovX (Series 3).

  Markit iTraxx SovX Series 3 provisional.pdf

03/08/2010
Markit announces the universe and preliminary list of securities to form the second series of the Markit iBoxx Liquid USD Convertible Bond Index (CVBX2)
Markit, a financial information services company, is pleased to publish the universe of 120 convertible securities (bonds and preferred securities) from which the 100 index eligible securities will be selected for the second CVBX index series (CVBX2). The list has been derived using the rules governing index membership. For more information please contact Neil Wardley (+1 212 205 1772) or email neil.wardley@markit.com.

  CVBX2 preliminary universe
03/04/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index was restated for the 1st March 2010. The reason for the restatement was that bond issued by "Caisse Centrale Desjardins du Quebec" (ticker: CCDJ, maturity: 04/12/2014, coupon: 3.114 ) was missing in the underlyings file.

The following files were restated:

  • pgladi_us_eod_indices_20100301.csv
  • pgladi_eu_eod_indices_20100301.csv
  • pgladi_us_eod_underlyings_2010301.csv
  • pgladi_eu_eod_underlyings_20100301.csv
The following index was affected:
  • PIMCO GLADI Canada Corporates
The updated files are now available on the FTP server.
02/28/2010
Updated list of private placements

The iBoxx European Technical Committee has identified two additional private placements. The bonds have been added to the attached list of private placements.

  GBP_Private_Placements_20100228.xls
  EUR_Private_Placements_20100228.xls
02/28/2010
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds_20100228.pdf
02/11/2010
Markit Launches Leveraged Loan Index
New York, NY and London – Markit, a leading, global financial information services company, today announced the launch of the Markit iBoxx USD Leveraged Loan Index (“Markit LLI”). The index is designed to serve as a benchmark for investors’ cash loan portfolios and to enable comprehensive performance attribution analysis.

Armins Rusis, Executive Vice President and Global Co-Head of Fixed Income at Markit, said: “The Markit iBoxx Leveraged Loan Index capitalizes on Markit’s extensive experience in the loan asset class and as a provider of benchmark and tradable indices. The index leverages our market-leading dataset from Markit WSOData and Markit Loan Pricing to provide asset managers with a benchmarking tool that will enhance their performance management capabilities. We also expect the index will encourage new investors to enter the loan asset class by offering them a more accurate, transparent representation of the loan market.”

The Markit index is the first leveraged loan index to use up-to-date reference and transaction data in its daily calculation. At launch, the index will consist of approximately 800 loans from over 700 issuers. The index will have minimum size requirements, liquidity measures and weighting caps at the issuer, facility and sector level to ensure proper representation within the index.

The Markit LLI complements Markit’s existing loan products and services and will serve as the basis for expanded offerings during 2010 including European leveraged loan indices, customized leveraged loan indices and performance attribution and analytics products.

Gunther Stein, Chief Investment Officer of Symphony Asset Management, LLC, said: “We are pleased to see Markit’s extension into the leveraged loan index space. As the manager of a variety of leveraged loan strategies, we feel that this new product offers an attractive tool for both loan managers and their clients.”

Markit’s indices are objective, transparent and rules-based. Daily index closing prices are published on http://indices.markit.com.
02/11/2010
Markit updates rating rules for Eurozone sovereign debt in the Markit iBoxx EUR indices
The oversight committee for the Markit iBoxx EUR and GBP indices has reviewed the rating requirements for Eurozone sovereign debt in the Markit iBoxx EUR indices. The oversight committee has approved the following change of the index rules:

"Countries included in the Markit iBoxx EUR Eurozone indices require a long-term local currency sovereign debt rating of investment grade for their bonds to be eligible for the indices. The average rating of Fitch Ratings, Moody's Investors Service and Standard & Poor's Rating Services determines the index rating."

Previously, domestic Eurozone sovereign debt did not require a rating. The rules change is effective from 28 February 2010.
02/05/2010
Restatement of the PIMCO Global Advantage Bond Index
Please note that the PIMCO Global Advantage Bond Index was restated for the dates between 1st and 2nd of February 2010 .The reason for the restatement was that Egypt Government Bond (ticker: EGYGB, maturity: 18/07/2012, coupon: 8.75 ) which does not exist in the market was included in the index.

The following files were restated:
  • pgladi_eu_eom_components_201002.csv
  • pgladi_us_eom_components_201002.csv
  • pgladi_us_eod_indices_20100101.csv
  • pgladi_eu_eod_indices_20100101.csv
  • pgladi_eu_eod_indices_20100202.csv
  • pgladi_us_eod_indices_20100202.csv
  • pgladi_us_eod_underlyings_2010101.csv
  • pgladi_eu_eod_underlyings_20100101.csv
  • pgladi_eu_eod_underlyings_20100202.csv
  • pgladi_us_eod_underlyings_20100202.csv
The following indices were affected:
  • PIMCO GLADI Egypt Internal Bond
  • PIMCO Global Advantage Overall
  • PIMCO GLADI Emerging Markets Overall
  • PIMCO GLADI Emerging Markets Internal Bond
The updated files are now available on the FTP server.
02/01/2010
Update of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds_20100131.xls
02/01/2010
Update of private placements
The iBoxx European Technical Committee has identified three additional private placements. These bonds have been added to the attached list of private placements.

  GBP_Private_Placements_20100131.xls
  EUR_Private_Placements_20100131.xls
01/14/2010
Markit iBoxxFX Trade Weighted FX Indices - New currency weights and constant factors
The 2009 annual re-weighting of the Markit iBoxxFX TWIs will take effect as of January 4, 2010. The previous currency weights have been in use from January 02, 2009. Please find the new weights and constant factors below.

  Excel File
12/31/2009
Updated list of private placements
The iBoxx European Technical Committee has identified three additional private placements. These bonds have been added to the attached list of private placements.

  GBP_Private_Placements_20091231.pdf
  EUR_Private_Placements_20091231.pdf
12/31/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IICRetailBonds_20091231.pdf
12/24/2009
Markit iBoxx USD Benchmark publication time for 31st December 2009
Markit will publish the Markit iBoxx USD Benchmark Index files for the 31st December 2009 on January 1st 2010 before 10AM EST.
12/18/2009
Markit iBoxx bond indices on the 24th and 31st Dec 2009
Determination of year-end pricing for the Markit iBoxx Indices

On 31 December, standard multi-contributor pricing will be used for all Euro zone sovereign bonds in the Markit iBoxx Euro and for all gilts in the Markit iBoxx Sterling indices. Prices for non-sovereigns/non-gilts are determined based on the end-of-day benchmark spread of the bonds as of 30 December. The 30 December spread will be carried forward and applied to the live benchmark prices of the sovereigns as of 31 December.

For all other Markit iBoxx indices the standard pricing methodology as described in the Guides will be applied.

For the publication and calculation of each of these indices we refer to the index calendar available under the item "News" - "Index Calendar on www.indexco.com
11/30/2009
Updated list of private placements
Please find attached the updated list of private placements

  EUR_Private_Placements_20091130.xls
  GBP_Private_Placements_20091130.xls
11/30/2009
Updated list of retail bonds

The iBoxx European Technical Committee has identified six additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20091130.pdf
11/27/2009
European bond indices 24/31 Dec 2009
Determination of year-end pricing for the European Bond Indices

On 31 December, standard multi-contributor pricing will be used for all Euro zone sovereign bonds in the Markit iBoxx Euro and for all gilts in the Markit iBoxx Sterling indices. Prices for non-sovereigns/non-gilts are determined based on the end-of-day benchmark spread of the bonds as of 30 December. The 30 December spread will be carried forward and applied to the live benchmark prices of the sovereigns as of 31 December.

Please note the following index calculation times for the Euro and Sterling iBoxx indices
DateiBoxx € IndicesiBoxx £ Indices
Mon 24/12/2009no9:00 to 13:30 CET
Mon 31/12/20099:00 to 13:30 CET9:00 to 13:30 CET
11/24/2009
Markit clarifies treatment of convertible bonds including contingent convertible bonds and enhanced capital notes in the Markit iBoxx EUR, GBP and USD investment grade and high yield indices
The oversight committees for the Markit iBoxx EUR, GBP and USD indices have discussed the treatment of convertible bonds (including contingent capital and enhanced capital notes) in the Markit iBoxx indices. The oversight committees have approved the following clarification of the index rules:

Optionally and mandatory convertible bonds are not eligible for the Markit iBoxx EUR, GBP and USD investment grade and high yield indices. Subordinated bank or insurance debt with mandatory contingent conversion features or with any conversion options before the first call date is ineligible for these indices.

Subordinated bank or insurance debt that becomes convertible at the option of the holder, only after the first call date, has historically been included in the Markit iBoxx indices. Current treatment for these bonds is maintained and they remain eligible for the indices. New bonds issued with these features will be evaluated on a case-by-case basis by the technical committees to ensure that the conversion feature is only a marginal feature of the bond.

Markit will conduct an in-depth review of subordinated bank and insurance debt as part of the Annual Index Review 2010/2011. The purpose of the review is to establish more precise guidelines as to the eligibility of newly issued subordinated bank or insurance debt, and the treatment of such debt in the indices.

Optional conversion at option of bondholderMandatory conversion
Subordinated bank or insurance debtBefore first call option dateNot eligibleNot eligible
 After first call option dateCurrently in the index - remains eligible.Not eligible
  New issues - eligible on a case-by-case basis, to be determined by the technical committees 
Other bonds Not eligibleNot eligible
11/17/2009
Treatment of convertible bonds in the Markit iBoxx EUR, GBP and USD investment grade and high yield indices
A Markit iBoxx oversight committee call was held today to discuss the treatment of convertible bonds (including contingent capital/Enhanced Capital Notes) in the Markit iBoxx EUR, GBP and USD investment grade and high yield indices.
A follow-up oversight committee call will be held on Tuesday 24th November at 1.30 pm GMT in order to conclude these discussions and to clarify the Markit iBoxx index rules governing the treatment of convertible bonds.
10/31/2009
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. The bond has been added to the attached list of private placements.

  GBP Private Placements
  EUR Private Placements
10/31/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IIC Retail Bonds
10/23/2009
Annual Review of index weights for the PIMCO Global Advantage Bond Index
Markit, the financial information services company that owns the Markit iBoxx indices, has performed the annual review of index weights for the PIMCO Global Advantage Bond Index. The new target weights are determined on the basis of the updated GDP data and will become effective on 31 October 2009. The updated weights have been discussed with the Oversight Committee of the PIMCO Global Advantage Bond Index.

 

Regional weights are constructed as the equally-weighted average of the last five years global share of the GDP.

Regions20042005200620072008Regional Weights
US11685.912421.913178.413807.614264.626.00%
Eurozone9719.210102.110687.812249.613541.822.40%
Japan4608.14560.74363.64384.44923.89.10%
Other Industrialized Countries5170.75552.65986.26879.47118.112.20%
Emerging markets10543.712453.114545.417519.920841.630.30%
World GDP41727.745090.348761.354840.960689.8100%

The weights of all sub-indices are available in the attached file.

  PIMCO_GLADI_annual_weights_review.xls
10/23/2009
Markit IBoxx Liquid USD Convertible index series (CVBX1 and CVEX1), Daily Information
09/30/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20090930.pdf
09/30/2009
Updated list of private placements
The iBoxx European Technical Committee has identified three additional private placements. These bonds have been added to the attached list of private placements.

  EUR_Private_Placements_20090930.xls
  GBP_Private_Placements_20090930.xls
09/25/2009
Annual review of market weights for Markit iBoxx ABF Pan-Asia indices
 

   ABF review
09/25/2009
Annual review of market weights for Markit iBoxx Asia ex-Japan indices
09/18/2009
Markit iTraxx Japan rule change
The Markit iTraxx Japan market makers decided to update the index rule regarding the rating cut-off following a majority dealer vote. The initial rating observation date for the index membership is 5:00 pm Tokyo time on the last Tokyo Business Day of the month prior to the roll date. However, a rating change that occurs till the last Tokyo business day before the first trading day of a new series will be taken into account. The revised version of the Markit iTraxx Japan rule book is available below:

  Updated Markit iTraxx Japan Product Rules - Series 12
09/18/2009
Markit iTraxx Japan new Final Index membership List
Following the introduction of the revised spread cut-off date a new Final Index membership List had to be published. Tokio Marine & Nichido Fire Insurance Co., Ltd. will replace AIFUL CORPORATION in iTraxx Japan Series 12. The revised version of the Markit iTraxx Japan Final Index Membership list is available below:

  Updated Markit iTraxx Japan Series 12 Final Index membership list
09/17/2009
Markit announces rule changes to Markit iBoxx USD Liquid Investment Grade Index
Markit, the leading independent index provider is pleased to announce changes to the Markit iBoxx USD Liquid Investment Grade index. The changes will result in a broader index, increasing from a fixed 100 bonds to approximately 650 bonds which meet specific eligibility criteria. The new index will be phased in over a period of time according to a set of transition rules. The specific details of the rules changes, transition process and timeline are given in the attachment. The new rules will come into effect at the end of September, 2009.

  iBoxx_USD_LQ_IG_rule_changes.pdf
  Markit_USD_Liquid_Investment_Grade_Forward_File
09/15/2009
Markit Publishes Final Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the final index membership for the Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 12). Please find the lists below.

  Markit iTraxx Europe Series 12 List
09/15/2009
Markit Publishes Final Index Membership and Coupon for the iTraxx LevX index
Markit today published the final index membership and the coupon for the iTraxx LevX index (Series 5). Please find the list below.

  Series 5 final
09/14/2009
Markit Publishes Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 12). Please find below the lists.

  iTraxx Asia ex-Japan (Series 12)
  iTraxx Australia (Series 12)
  iTraxx Japan (Series 12)
09/10/2009
Markit Publishes Provisional Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the provisional index membership for the Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 12). Please find the lists below.

  Markit iTraxx Europe Series 12 provisional.pdf
09/10/2009
Markit Publishes Provisional Index Membership for Markit iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the provisional index membership for Markit iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 12). Please find the lists below.

  Markit iTraxx Australia Provisional List Series 12.pdf
  Markit iTraxx Asia ex-Japan Provisional List Series 12.pdf
  Markit iTraxx Japan Provisional List Series 12.pdf
09/02/2009
UPDATED: 18 May 2009 Markit announces rules change for 2009 Annual Index Review of the Markit iBoxx EUR and GBP indices
As part of the Annual Index Review, Markit will make the following changes to the index rules of the Markit iBoxx EUR and Markit iBoxx GBP indices:

1. Change of the rating procedure for the Markit iBoxx GBP Indices:

Going forward, procedure to derive and index rating for bonds included in the Markit iBoxx GBP indices only considers issue ratings. Issuer ratings will no longer be considered to derive the index rating for a security. As a result of the change the securities listed below, currently in the Markit iBoxx GBP indices will be considered unrated and excluded from the indices:

 

ID_ISINTickerIssuerCouponMaturity
GB0004398193HOUSFNThe Housing Finance Corp Ltd11.527/11/2016
GB0004398318HOUSFNThe Housing Finance Corp Ltd8.62513/11/2023
GB00B1J01F91BLNDLNThe British Land Co Plc5.005524/09/2035
XS0085945037BLNDLNThe British Land Co Plc6.7531/03/2020
XS0263450909BLNDLNThe British Land Co Plc5.35731/03/2028
XS0263451972BLNDLNThe British Land Co Plc5.26424/09/2035
XS0168572971COOPWHCo-operative Group Ltd5.87518/12/2013
XS0033004127LLOYDSLloyds Banking Group Plc122/1/2011
XS0426020193STANLNStandard Chartered Bank6.528/04/2014
XS0427474753COECouncil of Europe Development Bank3.3758/12/2014
GB0000395102HBOSBank of Scotland Plc8.7514/09/2023
XS0408620135LLOYDSLloyds Banking Group Plc1322/01/2019
XS0408620721LLOYDSLloyds Banking Group Plc1322/01/2029
XS0206633082RBSThe Royal Bank of Scotland Plc5.53/12/2019
GB00B120GX99NWIDENationwide Building Society615/12/2016

2. Clarification of treatment of partial private placements

Partial private placements where information on the specific amounts publicly placed and privately placed can be ascertained are included in the indices with the amount publicly placed. If the amount puiblicly placed is below the cut-off, the bond is not included in the indices. Markit will publish the list of bonds effected by this rule on its index website http://www.indexco.com/.

Both rule changes become effective on 30 June 2009.

3. Change to the treatment of bonds under tender in the liquid indices

Bonds subject to a tender offer (i.e. where the issuer has announced its intention to buy back, tender or call parts or the whole amount of a bond) will not be eligible for any non-sovereign liquid EUR or GBP index. If a bond under a tender offer is already in a liquid index, it will be removed at the next regular quarterly rebalancing. This rule is not applicable to sovereign liquid indices.
The rule change takes effect immediately.

4. Use of ask prices for Insertions for EUR LQ and GBP LQ indices

The pricing rule was changed so that all insertions in the liquid index enter with their ask prices: bonds that are not in the Markit iBoxx EUR or GBP Liquid indices for the current month, but become eligible for them at the next re-balancing, enter the indices at their ask price. For the avoidance of doubt, each index is treated separately, so a bond will enter a certain index at its ask, even if it is already included in a different Markit iBoxx EUR or GBP Liquid index. The change becomes effective with the rebalancing on 30 June 2009.

All changes have been discussed and reviewed by the Oversight Committee for the Markit iBoxx EUR and GBP indices.
08/31/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified five additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IICRetailBonds_20090831.pdf
08/31/2009
Updated list of private placements
The iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.

  GBP_Private_Placements_20090831.xls
  EUR_Private_Placements_20090831.xls
08/28/2009
Markit announces the weights of the bond constituents forming the first series of the Markit iBoxx Liquid USD Convertible Bond Index
Markit, a financial information services company, is pleased to publish the 100 constituents with weights (meeting the index capping methodology) comprising the first Markit iBoxx Liquid USD Convertible Bond Index series (CVBX1). The list has been derived using the rules governing index membership. For more information please contact Neil Wardley (+1 212 205 1772) or email neil.wardley@markit.com

  iBoxx CVBX Series 1 Membership
08/20/2009
Markit announces the universe and preliminary list of securities to form the first series of the Markit iBoxx Liquid USD Convertible Bond Index (CVBX1)
Markit, a financial information services company, is pleased to publish 1) the universe of 120 convertible securities (bonds and preferred securities) from which the list of CVBX index eligible securities is selected and 2) the 100 constituents (meeting the voting and index rules) comprising the first Markit iBoxx Liquid USD Convertible Bond Index series (CVBX1). The list has been derived using the rules governing index membership. Due to investor interest, this preliminary list is being published earlier than the index rules dictate. Please note that the constituent list may undergo modifications as a result of corporate events or if the securities no longer meet eligibility. However, in accordance with the index rules, the final constituent list and their weightings will be posted on this site six trading days prior to launch. CVBX1 is expected to launch in early September. Index values will be made available as of the launch date of the index. For more information please contact Neil Wardley (212 205 1772) or email neil.wardley@markit.com

  CVBX1 preliminary universe
07/31/2009
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. These bonds have been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
07/31/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified seven additional retail bonds. These bonds have been added to the attached list of retail bonds.

  Retail bonds
06/30/2009
Updated list of private placements
The iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
06/30/2009
Updated list of retail bonds

The iBoxx European Technical Committee has identified two additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds 20090630
06/29/2009
Markit announces an update to the number of bonds due to participate in the upcoming convertible Bond Index and associated Equity Hedge Index
Markit, the leading independent index provider, is pleased to announce an update to the number of bonds due to participate in the upcoming convertible bond index and associated equity hedge index. At launch the index will now contain 100 securities (bonds and preferreds) as opposed to the originally determined 50. This action was taken following dealer and investor feedback and will ensure that the index is both liquid and representative.
For more information please contact Neil Wardley (212-205-1772) or email neil.wardley@markit.com.
06/22/2009
Markit announces rule changes to Markit iBoxx USD Liquid High Yield Index
Markit, the leading independent index provider is pleased to announce changes to the Markit iBoxx USD Liquid High Yield index. The changes will result in a broader index, increasing from a fixed 50 bonds to approximately 200 bonds which meet specific eligibility criteria. The new index will be phased in over a period of time according to a set of transition rules. The specific details of the rules changes, transition process and timeline are given in the attachment. The new rules will come into effect at the end of June, 2009.

  Markit iBoxx USD Liquid High Yield Rule Changes
  Markit USD Liquid High Yield Forward File
06/17/2009
Partially hedged versions of the PIMCO Global Advantage Bond Index published
Markit, the leading independent index provider, published partially hedged versions of the PIMCO Global Advantage Bond Index in four major currencies: USD, EUR, GBP, JPY. Exposure in developed market (US, Eurozone, Japan and Other Industrialized Countries) currencies is hedged in to the target currency and the emerging market FX exposure remains unhedged. In addition, the JPY hedged version hedges the USD FX risk of EM exposure into Yen. The index history has been extended to include 2004.
06/10/2009
Introduction of new Markit iBoxx EUR and GBP indices within the framework of the Annual Index Review 2009
As part of the Annual Index Review, Markit will introduce with the effect of 30 June 2009 new Markit iBoxx EUR and GBP indices. Please see below the complete list of indices.

  New Indices
05/29/2009
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. This bond has been added to the attached list of private placements.

 
05/29/2009
Re-inclusion of Colombia in the iBoxx GEMX index on 31 May 2009

Please note that the capital controls & taxation investability indicator of Colombia has been revised and increased to above threshold. The country has become eligible for the iBoxx GEMX index and therefore Colombia will be re-included in the index within the quarterly country weights rebalancing as of 31 May 2009. The new country weights based on the June Membership list and the updated country investability indicators are published on our website in section Publications, Rules.

05/29/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified seven additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
05/18/2009
18 May 2009 Markit announces rules change for 2009 Annual Index Review of the Markit iBoxx EUR and GBP indices
As part of the Annual Index Review, Markit will make the following changes to the index rules of the Markit iBoxx EUR and Markit iBoxx GBP indices:

1. Change of the rating procedure for the Markit iBoxx GBP Indices:
Going forward, procedure to derive and index rating for bonds included in the Markit iBoxx GBP indices only considers issue ratings. Issuer ratings will no longer be considered to derive the index rating for a security. As a result of the change the securities listed below, currently in the Markit iBoxx GBP indices will be considered unrated and excluded from the indices:

 

ID_ISINTickerIssuerCouponMaturity
GB0004398193HOUSFNThe Housing Finance Corp Ltd11.527/11/2016
GB0004398318HOUSFNThe Housing Finance Corp Ltd8.62513/11/2023
GB00B1J01F91BLNDLNThe British Land Co Plc5.005524/09/2035
XS0085945037BLNDLNThe British Land Co Plc6.7531/03/2020
XS0263450909BLNDLNThe British Land Co Plc5.35731/03/2028
XS0263451972BLNDLNThe British Land Co Plc5.26424/09/2035
XS0168572971COOPWHCo-operative Group Ltd5.87518/12/2013
XS0033004127LLOYDSLloyds Banking Group Plc122/1/2011
XS0426020193STANLNStandard Chartered Bank6.528/04/2014
XS0427474753COECouncil of Europe Development Bank3.3758/12/2014
GB0000395102HBOSBank of Scotland Plc8.7514/09/2023
XS0408620135LLOYDSLloyds Banking Group Plc1322/01/2019
XS0408620721LLOYDSLloyds Banking Group Plc1322/01/2029
XS0206633082RBSThe Royal Bank of Scotland Plc5.53/12/2019
GB00B120GX99NWIDENationwide Building Society615/12/2016

2. Clarification of treatment of partial private placements

Partial private placements where information on the specific amounts publicly placed and privately placed can be ascertained are included in the indices with the amount publicly placed. If the amount puiblicly placed is below the cut-off, the bond is not included in the indices. Markit will publish the list of bonds effected by this rule on its index website http://www.indexco.com/

Both rule changes become effective on 30 June 2009.

3. Change to the treatment of bonds under tender in the liquid indices

Bonds subject to a tender offer (i.e. where the issuer has announced its intention to buy back, tender or call parts or the whole amount of a bond) will not be eligible for any non-sovereign liquid EUR or GBP index. If a bond under a tender offer is already in a liquid index, it will be removed at the next regular quarterly rebalancing. This rule is not applicable to sovereign liquid indices.

The rule change takes effect immediately.

All changes have been discussed and reviewed by the Oversight Committee for the Markit iBoxx EUR and GBP indices.
04/30/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified five additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
04/30/2009
Updated list of private placements
The iBoxx European Technical Committee has identified one additional private placement. This bond has been added to the attached list of private placements.<

  EUR Private Placements 20090430
  GBP Private Placements 20090228
04/07/2009
Restatement of Markit iBoxx USD Liquid High Yield index

The restatement was caused by a necessary change in the April membership list of Markit iBoxx USD LQ HY index.

The tables below show the changes in the index membership between March and April.
The differences between the original and updated membership lists are marked in orange:

Inclusions
OriginalUpdated
US88033GBD16 - THC - 9 - 5/1/2015 US532716AM92- LTD - 6.9 - 7/15/2017
US852061AD21 - S - 6 - 12/1/2016 US852061AD21 - S - 6 - 12/1/2016
US88033GBF63 - THC - 10 - 5/1/2018 US88033GBF63 - THC - 10 - 5/1/2018

 

Exclusions
OriginalUpdated
US904201AA81 - UVN - 9.75 - 3/15/2015 US88033GBA76 - THC - 9.875 - 7/1/2014
US12502BAC72 - CHTR - 11 - 10/1/2015 US12502BAC72 - CHTR - 11 - 10/1/2015
US62947QAF54 - NXPBV - 7.875 - 10/15/2014 US62947QAF54 - NXPBV - 7.875 - 10/15/2014

US532716AM92 is included in the index for April instead of US88033GBD16;
and the bond US904201AA81 (UVN-9.75-3/15/2015), issued by Umbrella Acquisition,
remains in the index for April 2009 and THC 9.875 is excluded.

Due to the changes in the membership list for April, the 01 April to 03 April index levels have been restated.

  Euro
04/04/2009
Development of a convertible bond index and associated equity hedge index
Markit, the leading independent index provider, is pleased to announce the ongoing development of a convertible bond index and associated equity hedge index. The indices will be built with participation from 5 dealers (Goldman Sachs, J.P. Morgan, Citigroup, Deutsche Bank and Morgan Stanley). The indices will have new series created every 6 months with index values published for 2 years for each index series. Launch date is expected to be June 1st, 2009. For more information please contact Neil Wardley (212-205-1772) or email neil.wardley@markit.com.
03/31/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
03/23/2009
Markit clarifies treatment of Asset Purchase Programme in Markit iBoxx GBP Indices
Following the start of the new Asset Purchase Programme by the Bank of England, Markit has reviewed whether to keep gilts at their full amount outstanding in the indices or to adjust the notional amounts by the holdings of the Bank of England. Markit confirms its current treatment to include all bonds at their full amount outstanding. No deductions for amounts held by the Bank of England are made.

All rules have been discussed and reviewed by the Oversight Committee for the Markit iBoxx GBP indices.
03/20/2009
Markit Announces Roll of Markit iTraxx LEVX Senior
London – Markit, a financial information services company and owner of the Markit iTraxx indices, today announced that the Markit iTraxx LevX Senior index will roll into its fourth series on 20 March 2009.

  20090319_Markit_iTraxx_LevX.pdf
03/20/2009
Markit Announces Roll of Markit iTraxx Europe Indices
London – Markit, a financial information services company and owner of the Markit iTraxx indices, today announced that the Markit iTraxx Europe indices will roll into their eleventh series on 20 March 2009.

  20090319_Markit_iTraxx_Europe_roll.pdf
03/20/2009
Markit Announces Roll of Markit iTraxx Asia Pacific Indices
London – Markit, a financial information services company that owns the Markit iTraxx indices, today announced that the Markit iTraxx Asia ex-Japan and Markit iTraxx Australia will roll into their eleventh series on 20 March 2009. Markit iTraxx Japan will roll into its eleventh series on 23 March 2009.

  20090319_Markit_iTraxx_Asia_Pacific.pdf
03/18/2009
Markit Publishes Final Index Membership and Coupon for the iTraxx LevX index
Markit today published the final index membership and the coupon for the iTraxx LevX index. Please find the lists below.

  Markit iTraxx LevX Series 4
03/18/2009
Markit Publishes Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 11). Please find below the lists.

  iTraxx Asia ex-Japan (Series 11)
  iTraxx Australia (Series 11)
  iTraxx Japan (Series 11)
03/17/2009
Markit Publishes Final Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the final index membership for the Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 11). Please find the lists below.

  Markit iTraxx Europe Series 11 List
03/12/2009
Markit Publishes Provisional Index Membership for Markit iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the provisional index membership for Markit iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 11). Please find the lists below.

  Markit iTraxx Asia ex-Japan Series 11 Provisional
  Markit iTraxx Australia Series 11 Provisional
  Markit iTraxx Japan Series 11 Provisional
03/12/2009
Review of Markit iBoxx £ Gilts Indices
In light of the new Asset Purchase Programme by the Bank of England, Markit is reviewing whether to adjust the notional amounts of gilts in the index by the amounts held by the Bank of England. Markit is consulting with its Technical and Oversight Committees and expects to conclude the review by 24 March 2009. The result of these discussions will be published on www.indexco.com on the same day. Any change would be effective upon the next index rebalancing at the end of March.
03/11/2009
Markit Publishes Provisional Index Membership for Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the provisional index membership for the Markit iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 11). Please find the lists below.

  Markit iTraxx Europe Series 11 Provisional List
03/11/2009
Markit Publishes Provisional Index Membership for Markit iTraxx LevX
Markit today published the provisional index membership for the Markit iTraxx LevX (Series 4). Please find the lists below.

  Markit iTraxx LevX Series 4 Provisional List
02/28/2009
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. These bonds have been added to the attached list of private placements.

  EUR_Private_Placements
  GBP_Private_Placements

 
02/28/2009
Updated list of retail bonds
The iBoxx European Technical Committee has identified four additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds

02/28/2009
Updated list of private placements
The iBoxx European Technical Committee has identified two additional private placements. These bonds have been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
02/02/2009
Updated list of private placements

The iBoxx European Technical Committee has identified 15 additional private placements. These bonds have been added to the attached list of private placements.

  GBP_Private_Placements
  EUR_Private_Placements
01/05/2009
Markit iBoxxFX Trade Weighted FX Indices – New currency weights and constant factors
The 2008 annual re-weighting of the Markit iBoxxFX TWIs will take effect as of January 2, 2009. The previous currency weights have been in use from January 02, 2008. Please find the new weights and constant factors below.

  Weights
12/31/2008
Updated list of private placements
The iBoxx European Technical Committee has identified five additional private placements. These bonds have been added to the attached list of private placements.

  EUR Private Placements
  GBP Private Placements
12/31/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. This bond has been added to the attached list of retail bonds.

  IIC Retail Bonds
12/22/2008
MARKIT TO UPDATE PRICING METHODOLOGY FOR MARKIT iBOXX INDICES London and New York, NY -
Markit, a financial information services company, today announced that it will implement changes to the rules governing the consolidation of prices for the Markit iBoxx indices. These changes are designed to improve the pricing in illiquid and volatile markets.

The Markit iBoxx EUR and Sterling cash bond indices are used by asset managers as a benchmark for investment grade fixed income portfolios. The indices are calculated daily using price contributions from 10 banks that are consolidated by Markit using stringent filters and consolidation algorithms.

Recent volatility and a reduction in liquidity in the fixed income markets has resulted in diminished price contributions and greater variance among prices. This, in turn, has led to the rejection of a greater number of prices due to the Markit iBoxx consolidation rules.

In consultation with price contributors, investors, regulators and industry bodies, and with the approval of the Markit iBoxx Oversight Committee, Markit has updated the rules. As from 29 December, an additional step will be introduced in the calculation of the daily index price whereby a new Control Price* will serve as a proxy price for bonds affected by low liquidity or disparate pricing.

Stephan Flagel, Managing Director and Head of Indices at Markit, said: "We have made absolutely sure that the independence, objectivity and transparency of the Markit iBoxx indices is not compromised by any changes made to the pricing processes we have in place today. We are confident we have achieved this with our new rules and believe that the changes will ensure the Markit iBoxx indices remain the benchmark of choice among asset managers, structured products providers and ETF issuers around the world."

The new rules can be found on http://www.markit.com/ and http://www.iboxx.com/.

* Calculated by Markit using a forward matrix model.

  Consolidation Rules
12/16/2008
New Markit iBoxx EUR Covered indices
Markit will introduce additional Markit iBoxx EUR Covered indices as of 31st December 2008. The following new country/region indices will be launched: iBoxx � Italy Covered, iBoxx � Spain Covered Single Cedulas and iBoxx � Spain Covered Pooled Cedulas.
11/28/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
11/28/2008
Updated list of private placements

The iBoxx European Technical Committee has identified one additional private placement. This bond has been added to the attached list of private placements.

  EURO 
  GBP
10/31/2008
Updated list of Private Placements
The iBoxx European Technical Committee has identified one additional private placement. This bond has been added to the attached list of private placements.

  Private Placements
10/31/2008
New Market Profile for iBoxx USD Liquid Investment Grade and iBoxx USD Liquid High Yield Indices

Markit Group Limited (�Markit�) published the new market profile for iBoxx USD Liquid Investment Grade Index and iBoxx USD Liquid High Yield Index.

Markit iBoxx USD Liquid IG

Market Profile5 Yr.10 Yr.30 Yr.
Consumer443
Financial22178
Industrials&Utilities999
Telecommunications&Technology546

Markit iBoxx USD Liquid HY

Market ProfileNo. of Bonds
Consumer Goods4
Consumer Services16
Industrials&Materials13
Telecommunications&Technology7
Utilities&Energy10
10/31/2008
Updated list of retail bonds

The iBoxx European Technical Committee has identified two additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
10/27/2008
Markit clarifies treatment of government guaranteed financial debt
Following the announcement of financial markets rescue packages by a number of governments globally. Markit has reviewed the treatment of finanical debt in its investment grade indices. The following applies to the Markit iBoxx �, Markit iBoxx � and Markit iBoxx $ indices alike:

Only debt that is fully and irrevocably guaranteed in terms of size and timeliness of all remaining payments is classified as 'Sub-sovereign'. Partially or unguaranteed debt that retains credit risk continues to be classified as 'Corporates'. Guaranteed debt from institutions that are not themselves guaranteed are classified as 'Other Sub-sovereigns'. Two new subindices are created within 'Other Sub-sovereigns', one for 'Financial' and one for 'Non-Financial' debt. This treatment is effective for the rebalancing on 31 October 2008.

In addition to clarification of the rules regarding guaranteed financial debt, some amendments to inclusion rules of some Markit iBoxx Liquid Indices have also been agreed and will be implemented on 30 November 2008. To reduce the turnover in some of the Markit iBoxx Liquid Indices, the rules for the Markit iBoxx � Corporates, Markit iBoxx � Corporates and Markit iBoxx $ Investment Grade Top 30 indices are changed as follows:

1. The maximum age for inclusion is raised from two to three years

2. Each bond has a minimum run of one year

3. The new minimum age difference required for exchanges of bonds from the same issuer is set to two years.

All rules have been discussed and reviewed by the Oversight Committees for the Markit iBoxx �, Markit iBoxx � and Markit iBoxx $ indices.
10/24/2008
Review of bond classification - Update
The treatment of financial debt subject to the various recently announced and implemented government regulations is still under review. The review will be concluded on Monday 27 October and the results published on www.indexco.com and www.markit.com.
10/15/2008
Review of bond classification
In light of various forms of state intervention in the credit markets around the world, both agreed and under discussion, some market participants are questioning whether some debt issues included in the Markit iBoxx indices - particularly bank debt subject to local policy decisions - might require reclassification. Markit is consulting with its Technical and Oversight Committees and expects to conclude its review by 24 October 2008. The result of these discussions will be published on www.indexco.com and www.markit.com on the same day. Any reclassification would be effective upon the next index rebalancing.
09/30/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
09/30/2008
List of private placement bonds
Markit has published a list of bonds considered to be private placements by the iBoxx European Technical Committee. Please find below the list.

  EUR Private Placements
  GBP Private Placements
09/26/2008
Markit Publishes Final Index Membership and Coupons for the iTraxx LevX indices

Markit today published the final index membership and the coupons for the iTraxx LevX indices. Please find the lists below.

  Markit iTraxx LevX Series 3
09/25/2008
Changes to the Markit iTraxx Australia indices
Markit today announced that the 10-year maturity of the Markit iTraxx Australia index will be discontinued.
09/24/2008
Changes to the Markit iTraxx Japan indices
Markit today announced that the Markit iTraxx Japan HiVol index will not be rolled into Series 10. In addition, the 3-year and 10-year maturities of the Markit iTraxx Japan main index will be discontinued.
09/24/2008
Markit Publishes Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan

Markit today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 10). Please find below the lists.

  iTraxx Asia ex-Japan (Series 10)
  iTraxx Australia (Series 10)
  iTraxx Japan (Series 10)
09/23/2008
Markit Publishes Final Index Membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol

Markit today published the final index membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 10). Please find the lists below.

  Markit iTraxx Europe Series 10 final
09/18/2008
Annual review of market weights for Markit iBoxx Asia ex-Japan indices
09/18/2008
Annual review of market weights for Markit iBoxx ABF Pan-Asia indices
09/17/2008
Markit iTraxx LevX Indices Roll Postponed
Following the sequence of events last weekend, the iTraxx LevX market makers have voted to postpone the roll into iTraxx LevX Series 3 by one week to 29th September 2008 .
All rules and processes will be upheld; the maturity of the LevX series 3 indices will remain 20th December 2013, the effective date will be changed to 29th September 2008.
09/17/2008
Markit iTraxx Asia, Japan and Australia Index Roll Postponed
Following a majority dealer vote, the Markit iTraxx Asia, Japan and Australia indices will now roll into Series 10 on 29th September 2008 instead of 22nd September 2008 as initially planned.

All rules and processes will be upheld (spread cutoff and rating observation period remain unchanged, trading volume poll results are still valid). The final membership lists will be published September 24th, 2008.
09/16/2008
Markit iTraxx LevX Indices Roll Postponed
Following the sequence of events last weekend, the iTraxx LevX market makers have voted to postpone the roll into iTraxx LevX Series 3 by one week to 29th September 2008 . All rules and processes will be upheld; the maturity of the LevX series 3 indices will remain 20th December 2013, the effective date will be changed to 29th September 2008.
09/16/2008
European iTraxx index roll postponed
Following a majority dealer vote, the Markit European iTraxx Investment Grade and Crossover indices will now roll into Series 10 on 29 September 2008 instead of 22 September 2008 as initially planned. The decision to call a vote was prompted by the exceptionally high trading and clearing activity observed in today's CDS markets.

All rules and processes will be upheld (spread cutoff and rating observation period remain unchanged, liquidity poll results are still valid). The final membership lists will be published September 23rd, 2008.
09/12/2008
Markit Publishes Provisional Index Membership for iTraxx Australia, iTraxx Asia ex-Japan and iTraxx Japan
Markit today published the provisional index membership for iTraxx Australia, iTraxx Asia ex-Japan and iTraxx Japan (Series 10). Please find below the lists.

  Markit iTraxx Australia Series 10 Provisional
  Markit iTraxx Japan Series 10 Provisional.pdf
  Markit iTraxx Asia ex-Japan Series 10 Provisional.pdf
09/11/2008
Markit Publishes Provisional Index Membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the provisional index membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 10). Please find the lists below.

  Markit iTraxx Europe Series 10 Provisional List
09/11/2008
Markit Publishes Provisional Index Membership for iTraxx LevX S3
Markit today published the provisional index membership for the iTraxx LevX Senior and Sub indices (Series 3). Please find the lists below.

  Markit iTraxx LevX Series 3 Provisional List
08/20/2008
iTraxx Europe indices: Approved Rule Changes
The licensed iTraxx Europe market makers approved a number of proposals for rule changes which will improve the transparency of the indices and also reflect changed market conditions. The changes will be implemented with the index roll into iTraxx Europe Series 10 Indices on 22nd September 2008. The revised rule book incorporating these rule changes will be published by the end of August. The following is the brief summary of the rule changes:
  • iTraxx Crossover Spread Cutoff Rule

    Existing Rule
    Entities are eligible that have spreads at least twice the EOD 5Y mid-spreads of constituents of iTraxx Non-Financial Index (effective on the roll date) on the last business day of the month prior to roll, with a maximum of 1250 bps or upfront of 35% (no running)

    New Rule
    Entities are eligible that have spreads at least twice the average EOD 5Y mid-spreads of constituents of iTraxx Non-Financial Index (effective on the roll date) calculated over the last 10 London trading days in the month prior to roll, with a maximum of 25% upfront + 500 bps running

  • Rating Specification

    �Entity Rating� for membership determination in the iTraxx Europe Indices will be defined as minimum of:
    • Lowest of Issuer Rating, Senior unsecured Debt Rating, and Corporate Family Ratings for Moody�s
    • Minimum of Long-term Issuer Credit Rating and Senior Unsecured Debt Rating for S&P
    • Lower of Issuer Default Ratings and Senior Unsecured Debt Rating for Fitch

  • Rating test earlier

    Existing Rule
    Rating changes for entities to be included in the index are to be notified by 17:00 hrs London Time on third business day preceding the roll date

    New Rule
    Rating changes for entities to be included in the index are to be notified by 17:00 hrs London Time on last business day of the month preceding the roll date

  • �Incorporated in Europe� specification

    �Incorporated in Europe� specification for inclusion in the liquidity poll clarified where �Europe� would be defined as EU and EFTA countries

  • �EUR 100 million� cutoff rule for iTraxx Crossover

    Existing Rule
    Only entities with more than EUR 100 million of publicly traded securities at close of business on the fifth business day preceding the roll date will be eligible for the iTraxx Crossover Index

    New Rule
    Only entities with more than EUR 100 million of publicly traded debt securities (which shall be taken to exclude loans and equities) at close of business on the fifth business day preceding the roll date will be eligible for the iTraxx Crossover Index

�
08/15/2008
Broad Asia ex-Japan Index Family Launched
Markit has launched a full suite of Markit iBoxx Asia-ex Japan indices. The index family comprises sovereign and sub-sovereign local currency debt from China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. The indices were launched in response to requests from asset managers, who now have a full range of benchmark fixed income indices to choose from when building Asian fixed income portfolios.
08/04/2008
BGI LAUNCHES FIXED INCOME ETF BASED ON MARKIT iBOXX � COVERED BOND INDEX
iShares, managed by Barclays Global Investors, has launched the iShares � Covered Bond ETF based on the Markit iBoxx � Covered Bond index. The ETF will provide investors with liquid, diversified exposure to a range of European covered bonds.

There are currently 448 bonds in the index, 93 per cent of which are AAA-rated, with an average annual yield of 5.25 per cent and duration of 4.25 years (as at 30 June 2008). Covered bonds are securities issued by financial institutions which have a "cover pool" of collateral to act as a credit enhancement, giving them a higher rating than standard bonds of the same institution.
07/31/2008
Updated list of retail bonds

The iBoxx European Technical Committee has identified two additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
07/15/2008
Exclusion of Colombia from the GEMX index on 31 July 2008
Following the recent tightening of reserve requirements for short term inflows into Colombia, the country�s investability indicator subscore for "Capital access and taxation" has been revised to below the minimum threshold of 40 required for inclusion in the GEMX index. After consultation with the Technical Committee and the Oversight Committee of the GEMX index, it was decided that Colombia would be excluded from the index and that an extraordinary rebalancing of the index�s country weights would be conducted on 31 July 2008. The new country weights based on the August GEMX membership list will be published on 29 July 2008.
06/19/2008
Changes to data access on www.indexco.com
We will implement a number of changes to the functionality of our website http://www.indexco.com/ and amend the access to data published there. The changes will be implemented with effect from 17 July 2008.

Free access to view the data will remain for all Registered Users, but bond price data will be delayed and most download functionality removed.

Customers will have access to current bond price data via the website and full download functionality, as well as the ability to obtain the data via email or ftp server, in exchange for an annual fee. You can find the fee schedule by clicking on Subscribe to data services on our website.

How this will affect you:

1. If you work for a firm that subscribes to our ftp services

If you are an employee of a firm that subscribes to our index and bond data via ftp, please contact info@indexco.com stating
the name of the firm you work for, your position, the data you require, and how you use the data. After verifying which indices your organization subscribes to, we will then authorize you for full website functionality for the appropriate indices.

Up to 30 employees of a subscribing client will be given access to our data via the website.
We retain the right to consult with our counterpart at your firm to verify the authenticity of any request.

2. If neither you nor your firm subscribes to our ftp services

As in the past, anyone may register for free access to the data on the website, but as of 17 July, the data will be available for viewing only, and bond prices will be available with a 36-hour delay. Apart from a limit of 5 downloads (of index levels and analytics) per user, as well as historical end of month index levels, there will be no download facility

If you wish to retain the ability to view current bond prices and have the full download functionality after 17 July, you need to subscribe to the data by going to http://www.indexco.com/, clicking on Subscribe to data services and follow the instructions.

What do you need to do now?

A) If you currently access data via the website for viewing only and are satisfied with bond prices that are delayed 36 hours, you need to do nothing.

B) If you require daily bond prices or the ability to download data, you or your organization will need to subscribe to the data, by going to http://www.indexco.com/ and clicking on the button Subscribe to data services.

C) If you require daily bond prices or the ability to download data, and your organization already subscribes to our ftp services, your need to write us at info@indexco.com and request a username and login for full access.

For any questions about these changes, please contact info@indexco.com.
06/17/2008
iBoxx ABS50 index discontinued
The iBoxx EUR ABS50 index, which started in February 2006 and was supported by a group of 13 banks, has been discontinued as of 17 June 2008. Following a decline in liquidity and changes in the investment environment, the index no longer reflected the needs of the market. All parties agreed to discontinue the index until such time as market conditions are appropriate for a successor.
05/30/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified four additional retail bonds. These bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
05/09/2008
Markit iBoxx EUR and GBP Annual Index Review 2008
Changes to the Markit iBoxx EUR and GBP benchmark indices are made annually at the June/July rebalancing. This document describes the changes to be implemented on 30 June 2008. These include some additional maturity indices and new sub-indices for subordinated debt.

  Annual Index Review 2008
04/30/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds

  IIC Retail Bonds
04/29/2008
Markit iBoxx Short Eurozone Sovereign index published
04/09/2008
Markit emerging Markets Index goes live
Markit publishes the GEMX suite of local currency emerging markets sovereign debt indices.

  MARKIT EMERGING MARKETS INDEX
03/18/2008
Changes to the Markit iTraxx Japan and Markit iTraxx Asia ex-Japan indices
Markit today announced that the Markit iTraxx Japan 80 and the Markit iTraxx Asia ex-Japan Main index are not rolling into Series 9.
03/17/2008
Markit Publishes Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
Markit today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 9). Please find below the lists.

  iTraxx Asia ex-Japan (Series 9)
  iTraxx Australia (Series 9)
  iTraxx Japan (Series 9)
03/14/2008
iTraxx Europe and Crossover membership lists published
Markit today published the membership lists for the European iTraxx index family (Series 9). Rating changes that could affect the index membership will be taken into account if Markit is notified prior to 17.00 London on 17 March 2008 � in this case a new version of the index membership will be published on Markit�s website at 14.00 London on 18 March 2008. Please find the list below.

  iTraxx Europe and Crossover (Series 9)
03/14/2008
Coupons for Markit iTraxx LevX Series 2 fixed
The coupon levels have been set at 525 bps for the LevX Senior and 825 bps for the LevX Subordinated. Recovery rate assumptions for the LevX Senior are 70% and for the LevX Sub 40%.
03/13/2008
Rules updated for Markit iBoxx USD Liquid IG and HY indices
With effect from 29 February 2008 minor rule changes were made for the Markit iBoxx USD Liquid Investment Grade and High Yield indices. The changes are detailed in the relevant index guides on this website.
03/13/2008
Markit Publishes Provisional Index Membership for iTraxx Australia, iTraxx Asia ex-Japan and iTraxx Japan
Markit today published the provisional index membership for iTraxx Australia, iTraxx Asia ex-Japan and iTraxx Japan (Series 9). Please find below the lists.

  Markit iTraxx Australia Series 9 Provisional
  Markit iTraxx Japan Series 9 Provisional.pdf
  Markit iTraxx Asia ex-Japan Series 9 Provisional.pdf
03/11/2008
Markit Publishes Provisional Index Membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol
Markit today published the provisional index membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series 9). Please find below the lists.

  Markit iTraxx Europe Series 9 Provisional List
02/29/2008
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
02/21/2008
World Bank Group Selects PIMCO and Markit for Gemloc Program to Boost Investment in Emerging Markets
February 19, 2008, Washington D.C. The World Bank announced today that it has selected PIMCO to develop and manage investment strategies that will promote institutional investment in the local currency bonds of emerging market countries.

  Markit iBoxx GEMX
  Markit iBoxx GEMX Media Release
02/15/2008
Review of existing and introduction of new indices
Markit is currently discussing changes to some existing iBoxx EUR and GBP indices, as well as the introduction of some new indices with the members of its technical committee. The new indices include: additional maturity indices; Tier 1 and lower Tier 2 sub-indices. Changes under discussion include a new split of the �Other Covered� index.
12/31/2007
Markit iBoxxFX Trade Weighted FX Indices � New currency weights and constant factors
The 2007 annual re-weighting of the Markit iBoxxFX TWIs will take effect as of January 2, 2008. The previous currency weights have been in use from January 02, 2007. Please find the new weights and constant factors below.

  Markit iBoxxFX_Weights12312007
12/29/2007
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bonds have been added to the attached list of retail bonds.

  IIC Retail Bonds
12/27/2007
Changes to the use of ratings in iBoxx indices
With effect from 01 January 2008, the iBoxx Dollar, Euro and Sterling indices start to use an average rating instead of the lowest rating to determine a bond�s index rating. For details, please refer to our news release from 02 April 2007. All other aspects of the monthly re-balancing, including the cut-off times for rating information remain unchanged.
11/14/2007
MARKIT ACQUIRES INTERNATIONAL INDEX COMPANY AND AGREES TO ACQUIRE CDS INDEXCO
Markit Group Limited (�Markit�), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced it has acquired International Index Company Limited (�IIC�) and has also agreed to acquire CDS IndexCo LLC (�CDS IndexCo�) . Markit and CDS IndexCo expect the transaction to complete by the end of the year.

  Press Release
11/5/2007
iTraxx Short Total Return Indices launched
International Index Company (IIC) announced today the launch of the European iTraxx Short Total Return Indices. These new indices measure the performance of holding the respective on-the-run iTraxx CDS contracts.

  Press Release
11/2/2007
Coupons for additional iTraxx Crossover maturities fixed
International Index Company (IIC) announced today that the coupons for the additional iTraxx Crossover Series 8 indices that are tradable from 6 November 2007 will be 270 bps for the 3-year maturity and 390 bps for the 7-year maturity.
10/31/2007
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond. The bond has been added to the attached list of retail bonds.

  IIC Retail Bonds
10/30/2007
New Market Profile for iBoxx USD Liquid Investment Grade and iBoxx USD Liquid High Yield Indices
International Index Company Limited (IIC) today published the new market profile for iBoxx USD Liquid Investment Grade Index and iBoxx USD Liquid High Yield Index.

iBoxx US Liquid IG Index

Market Profile5 Yr.10 Yr.30 Yr.
Consumer532
Financial24167
Telecomunications & Technology746
Industrials & Utilities1079

iBoxx US Liquid HY Index
Market ProfileNo. of Bonds
Consumer Goods5
Consumer Services14
Industrials & Materials14
Tele & Tech7
Utilities & Energy10
 
10/22/2007
European bond indices 24/31 Dec 2007
Please note the following index calculation times for the Euro and Sterling iBoxx indices:
DateiBoxx € IndicesiBoxx £ Indices
Mon 24/12/2007no9:00 to 13:30 CET
Mon 31/12/20079:00 to 13:30 CET9:00 to 13:30 CET
10/5/2007
New iBoxx ABF Pan-Asia country weights published
International Index Company (IIC), the leading provider of bond and credit derivative indices, has conducted its annual review of the country weights for the ABF�indices. The new iBoxx�ABF�Pan-Asia weights are effective from 01�November�2007.

  ABF Review October 2007
10/1/2007
Additional maturities for the iTraxx Crossover
International Index Company (IIC) announced today that, following a vote by iTraxx Crossover market makers, with effect from 6�November�2007, 3-year and 7-year maturities�will�be introduced�for iTraxx�Crossover�Series�8 in addition to�the existing 5-year and 10-year maturity contracts.
09/28/2007
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bonds have been added to the attached list of retail bonds and are excluded from the iBoxx indices from 30 September 2007.

  IIC Retail Bonds
09/20/2007
European and Asian iTraxx credit indices successfully rolled into new series
International Index Company (IIC) announced today the successful completion of its index roll for the iTraxx indices in Europe and Asia. The Series 8 indices for Europe and Asia are launched on 20 September, with most indices trading 5� and 10�-year maturities at launch.

  Index roll Sep 2007
09/17/2007
iTraxx Asia ex-Japan and iTraxx Australia: International Index Company publishes Final Index Membership
International Index Company (IIC) today published the final index membership for iTraxx Asia ex-Japan and iTraxx Australia (Series�8). Please find below the lists.

  iTraxx Asia ex-Japan (Series 8)
  iTraxx Australia (Series 8)
09/14/2007
iTraxx Europe and Crossover membership lists published
International Index Company Limited (IIC) today published the membership lists for the European iTraxx index family (Series�8). Rating changes that could affect the index membership will be taken into account if IIC is notified prior to 17.00 London on 17-September-2007 � in this case a new version of the index membership will be published on IIC�s website at 14.00 London on 18-September-2007. Please find the list below.

  iTraxx Europe and Crossover (Series 8)
09/14/2007
International Index Company Publishes Final Index Membership for iTraxx Japan
International Index Company Limited (IIC) today published the final index membership for iTraxx Japan (Series�8). Please find below the lists.�

  iTraxx Japan Series 8 Final List
09/13/2007
New iTraxx Asia�ex-Japan indices and provisional index membership for Series�8
International Index Company, the leading independent provider of credit derivative and fixed income indices, is pleased to announce the launch of new iTraxx Asia ex-Japan indices. The new indices will be the iTraxx Asia ex-Japan IG index with 50 investment grade entities and the iTraxx Asia ex-Japan HY index with 20 non-investment grade entities. The main iTraxx Asia ex-Japan index will be a combination of both the IG and the HY index. The provisional index membership lists have been published today. Please find the lists below.

  iTraxx Asia ex-Japan Series 8 Provisional List
09/13/2007
iTraxx�Australia Provisional Index Membership for Series�8
International Index Company Limited today published the provisional index membership for iTraxx Australia. Please find the list below.

  iTraxx Australia Series 8 Provisional List
09/12/2007
International Index Company Publishes Provisional Index Membership for iTraxx Japan
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Japan (Series�8). Please find below the lists.

  iTraxx Europe Series 8 Provisional List
09/11/2007
International Index Company Publishes Provisional Index Membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Europe, iTraxx Crossover and iTraxx HiVol (Series�8). Please find below the lists.

  iTraxx Europe Series 8 Provisional List
09/04/2007
iBoxx Sovereign Japan Indices launched
International Index Company (IIC), the leading independent provider of credit derivative and fixed income indices, is pleased to announce the launch of the iBoxx Sovereign Japan indices. The new index family comprises an overall JGB index and fourteen maturity sub-indices and complements the existing suite of iBoxx indices. Index levels and related analytics are calculated and published daily. An index factsheet and a guide are available on www.iboxx.com�>�Publications. Bond prices for the new index are provided by Japan Bond Trading Co.
09/04/2007
iTraxx SDI-75 will not be rolled to new series
Following consensus amongst market participants, the iTraxx SDI-75 index will not be rolled into a new series in September 2007. After its successful start in November 2005 the iTraxx SDI-75 index served its purpose in introducing UK asset managers and other domestic investors to credit derivatives as a new asset class. These market participants are now adequately served by the very deep pools of liquidity available in the iTraxx Europe indices.
08/31/2007
Eligibility of BAA
Following discussions around the eligibility of BAA for iTraxx indices we wish to clarify as follows:
If BAA meets the other eligibility criteria, including spread and liquidity, then using�its current entity rating it would qualify for the iTraxx Crossover Series 8.
08/24/2007
iTraxx Crossover: Eligibility of financial entities from Series 8
Revised rules for the European iTraxx indices have been published. Financial entities will in future be eligible for the iTraxx Crossover index. The minimum public debt rule has been further specified.

  iTraxx Europe Index Rules
08/24/2007
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2007-03
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series�2007-03). The new index series will be launched on 1�September�2007.

  ABS 50

 
07/13/2007
iTraxx Total Return Indices launched
International Index Company Limited (IIC), the leading independent provider of credit derivative and fixed income indices, is pleased to announce the launch of the iTraxx Total Return Indices. These new indices measure the performance of holding the respective on-the-run iTraxx CDS contracts with the remaining notional invested in money market instruments.

  iTraxx Total Return Indices
06/29/2007
Updated list of retail bonds
The iBoxx European Technical Committee has identified seven additional retail bonds. The bonds have been added to the attached list of retail bonds and are excluded from the iBoxx indices from 30 June 2007.

  List of retail bonds
06/22/2007
Date change for annual iBoxx ABF country weight review
Country weights for the iBoxx Pan-Asia index are reviewed annually. With effect from 2007 the review will become effective from the close of business on 31 October. In the past it has been effective from 30 September.
05/25/2007
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2007-02
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series 2007-02). The new index series will be launched on 1 June 2007. Please find below the list, which also shows the 20 bonds which have been excluded for liquidity reasons.

  iBoxx EUR ABS 50
05/25/2007
Two additional iBoxx Inflation-linked indices from 1 June 2007
International Index Company launches two additional iBoxx Inflation-linked indices from 1 June 2007. This is due to the fact that the first GBP Sub-Sovereigns bond (UK Rail inflation-linked) is now included in the iBoxx inflation-linked indices. The new indices are:
Index NameISIN Code Clean Price IndexISIN Code Total Return Index
iBoxx UK Sub-Sovereigns Inflation-Linked IndexGB00B1XK4X42GB00B1XK4Y58
iBoxx UK Government Inflation-Linked IndexGB00B1XK4Z65GB00B1XK5088
05/23/2007
iBoxx Euro and Sterling Annual Index Review 2007
For the convenience of users International Index Company makes changes and additions to its iBoxx Euro and Sterling indices once a year, on 30 June. In response to requests from investors, asset managers and investment banks, the changes outlined below have been agreed. This document provides detailed information about the changes taking place in 2007, which fall into the following categories:
  • Additional rating and maturity indices
  • Tier ranks for subordinated insurance debt

  iBoxx Euro and Sterling Annual Index Review 2007
04/16/2007
IIC rings Opening Bell at Amex - new iShares iBoxx ETF launched
The American Stock Exchange announced on April 11 that it had launched trading in the iShares iBoxx $ High Yield Corporate Bond Fund (Ticker: HYG) by Barclays Global Investors.

HYG tracks the performance of the U.S. dollar high yield corporate bond market as defined by the iBoxx $ Liquid High Yield Index. The index contains 50 of the most liquid high yield corporate bonds and provides a balanced representation of the U.S. dollar-denominated high yield corporate bond market.

Noel Archard, head of Product Development at US iShares, and David Mark, Chief Executive of IIC, rang the opening bell on April 11, 2007.

 
04/02/2007
Changes to the use of ratings in iBoxx indices
With effect from 1 January 2008 iBoxx �, �, and $ investment grade indices will use an average rating to determine a bond's index rating, rather than the lowest rating, which has been used thus far. The decision to move from lowest to average was taken following thorough consultation with the iBoxx index committees and users, and is in line with the latest recommendation of the European Bond Commission.

  iBoxx Rating Change
03/19/2007
International Index Company rolls the iTraxx Europe, Sterling and Asian CDS indices London/Frankfurt, 19 March 2007 �

International Index Company (IIC) announced today the successful completion of its index roll for the iTraxx indices in Europe and Asia. The Series 7 indices for Europe and Asia are launched on 20 March, with most indices trading 5� and 10�-year maturities.

  iTraxx Index Roll
03/15/2007
International Index Company Publishes the Final Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan

International Index Company (IIC) today published the final index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 7). Please find below the lists

- iTraxx Asia ex-Japan (Series 7)
- iTraxx Australia (Series 7)
- iTraxx Japan (Series 7)
03/14/2007
International Index Company Publishes Index Membership for iTraxx Europe and iTraxx SDI-75

International Index Company Limited (IIC) today published the membership lists for iTraxx Europe (Series 7) and iTraxx SDI-75 (Series 4). Rating changes that could affect the iTraxx Europe index membership will be taken into account if IIC is notified prior to 17.00 London on 15-March-2007 � in this case a new version of the index membership will be published on IIC�s website at 14.00 London on 16-March-2007.
Please find below the lists.
- iTraxx Europe (Series 7)
- iTraxx SDI-75 (Series 4)
03/12/2007
International Index Company Publishes the Provisional Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan

International Index Company (IIC) today published the provisional index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series�7). Please find below the lists:

- iTraxx Asia ex-Japan �(Series 7)
- iTraxx Australia �(Series 7)
- iTraxx Japan �(Series 7)
03/09/2007
Additional maturity for the iTraxx Australia
International Index Company (IIC) announced today that, following a vote by iTraxx Australia market makers, with effect from Series 7 on March 20th, 2007, a 10-year maturity�will�be introduced�in addition to� the existing 5-year maturity contract.
03/09/2007
International Index Company Publishes the Provisional Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Europe (Series 7) and SDI-75 (Series 4). Please find below the lists
-�iTraxx Europe
-�SDI-75
03/09/2007
Additional maturity for the iTraxx Australia
International Index Company (IIC) announced today that, following a vote by iTraxx Australia market makers, with effect from Series 7 on March 20th, 2007, a 10-year maturity�will�be introduced�in addition to� the existing 5-year maturity contract.

 
03/08/2007
iBoxx $ Annual Index Review 2007
For the convenience of users, changes and additions to the iBoxx $ indices are made annually on 30 April. Following consultation with investors, asset managers and investment banks, the changes outlined below have been agreed. This document provides detailed information about the changes taking place in 2007, which fall into the following categories:
  • Inclusion rules for financial subordinated debt
  • Amount outstanding treatment for bonds registered from previous 144A/RegS versions

  iBoxx $ Annual Index Review 2007.pdf
02/28/2007
iTraxx LevX Index Roll
Market participants have agreed to postpone the next planned roll of the LevX indices (20 March 2007) to facilitate current discussions on index documentation. All other iTraxx indices will roll as planned.
02/22/2007
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2007-01
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series 2007-01). The new index series will be launched on 1 March 2007. Please find below the list, which also shows the 20 bonds which have been excluded for liquidity reasons.

  iBoxx EUR ABS 50
02/02/2007
iTraxx Crossover Expansion
International Index Company (IIC) announced today that, following a vote by iTraxx Europe market makers, with effect from Series 7 on March 20, 2007, the iTraxx Crossover index will be expanded from 45 to 50 entities.
02/01/2007
Use of Ratings II
The iBoxx European and US technical committees have recommended to leave the current use of ratings in the iBoxx indices unchanged. This recommendation will be discussed by the oversight committees, which will make their own recommendation. A final decision on any change will be made by the board of the company.
01/29/2007
Index Membership for iBoxx USD Liquid Indices
Index membership for the iBoxx USD Liquid Investment Grade Index and the iBoxx USD Liquid High Yield Index is available to registered users as follows:
  1. Log in
  2. Click DATA, then Bond List Preview
  3. Select the relevant index or index family

Please use the instructions above to locate index membership lists in future. Registration is free of charge and easy.
01/26/2007
Use of Ratings
International Index Company confirms that it is consulting with market participants on the use of ratings in the iBoxx bond indices.
01/10/2007
International Index Company publishes results of iBoxx ABF extraordinary country weight review
IIC has conducted an extraordinary iBoxx ABF country weight review to take account of the new regulations for foreign investments in Thailand

  Press Release
01/08/2007
IIC introduces six new iBoxx Euro Sovereigns Indices
In response to requests from investors, asset managers and investment banks, the following six new indices were launched on 8 January:
  • iBoxx Euro Sovereigns 1-20
  • iBoxx Euro Sovereigns Germany 1-10
  • iBoxx Euro Sovereigns Germany 1-5
  • iBoxx Euro Sovereigns Germany 5-10
  • iBoxx Euro Sovereigns France 1-10
  • iBoxx Euro Sovereigns Italy 1-10

The index and underlying bond data are available to registered users free of charge on IIC�s website www.indexco.com, via ftp download and in other media. The indices are also available real-time on Bloomberg or Reuters. Index history for each index is available from 31 Dec 1998.

  List of ISIN Codes
01/08/2007
iBoxx Euro High Yield Bond Indices launched - a new index family
LONDON/FRANKFURT � 8 JANUARY 2007 � International Index Company Limited (IIC), the leading independent provider of bond and credit derivative indices, today announced the launch of its iBoxx Euro High Yield Index Family. The indices are structured to provide high yield investors with accurate benchmarks of the sub-investment grade fixed income market for Euro denominated corporate bonds, and to provide a platform on which research and structured products can be based. Like all IIC indices, the iBoxx Euro High Yield Indices are fully rules-based, multiple-contributor priced, transparent, objective and accessible to all.

  Press Release
12/28/2006
International Index Company Publishes Index Membership for iBoxx USD Liquid Indices
International Index Company Publishes Index Membership for iBoxx USD Liquid Investment Grade and iBoxx USD Liquid High Yield Index

  iBoxx US Liquid Investment Grade Membership
  iBoxx US Liquid High Yield Membership
12/27/2006
iBoxxFX Trade Weighted FX Indices � New currency weights
The 2006 annual re-weighting of the iBoxxFX TWIs will take effect as of January 2, 2007. The previous currency weights have been in use from December 31, 2001. Please find the new weights below.

  iBoxxFX_Weights12312006
12/22/2006
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond (DE0002196847). The bond has been added to the attached list of retail bonds and will not enter the iBoxx EUR indices.

  List of retail bonds
12/5/2006
European bond indices 22/29 Dec 2006
Please note the following index calculation times for the Euro and Sterling iBoxx indices:
Date iBoxx� Indices iBoxx� Indices
Fri 22/12/2006 9:00 to 17:15 CET 9:00 to 13:30 CET�
Fri 29/12/20069:00 to 17:15 CET 9:00 to 13:30 CET

For all other index families 22 and 29 December are normal days.
12/4/2006
iBoxxFX launched - a new family of currency indices
LONDON/FRANKFURT � 4 DECEMBER 2006 � International Index Company Limited (IIC), the leading independent provider of bond and credit derivative indices, today announced the launch of a new family of currency indices, the iBoxxFX trade-weighted FX indices.

  iBoxxFX Launch Press Release
11/30/2006
International Index Company Publishes Index Membership for iBoxx USD Liquid Investment Grade Index
11/30/2006
International Index Company Publishes Index Membership for iBoxx USD Liquid High Yield Index
11/24/2006
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2006-04
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series 2006-04). The new index series will be launched on 1 December 2006. Please find below the list, which also shows the 20 bonds which have been excluded for liquidity reasons.

  iBoxx EUR ABS 50 
11/10/2006
Coupon levels and constituents list for the iTraxx LevX Subordinated Index published
The iTraxx LevX market makers have agreed on a coupon for the iTraxx LevX Subordinated index. Please find below the coupon and the constituents for the iTraxx LevX Subordinated Index. Trading will start Monday, November�13,�2006 8:00�A.M. London time.

  iTraxx LevX S1
10/30/2006
International Index Company Publishes Index Membership for iBoxx USD Liquid Investment Grade (formerly: InvesTop) Index
International Index Company Limited (IIC) today published the new market profile and the membership list � including "entries & removals" � for the iBoxx USD Liquid Investment Grade Index. 

  iBoxx USD Liquid IG
10/30/2006
International Index Company Publishes Index Membership for iBoxx USD Liquid High Yield (formerly:�HYTop) Index
International Index Company Limited (IIC) today published the new market profile and the membership list � including "entries & removals" � for the iBoxx USD Liquid High Yield Index.

  iBoxx USD Liquid HY
10/27/2006
Coupon levels and constituents list for the iTraxx LevX Senior Index published
The iTraxx LevX market makers have agreed on a coupon for the iTraxx Senior index. Please find below the coupon and the constituents for the iTraxx Senior Index. Trading will start Monday, October 30, 2006 8:00 A.M. London time.

  iTraxx LevX S1
10/26/2006
International Index Company Announces the Launch of iTraxx LevX, a new Leveraged Loan CDS Index

Frankfurt, 26 October 2006 � International Index Company (IIC), the leading independent provider of credit derivative and fixed income indices, today announced the launch of the iTraxx European Leveraged Loan Credit Default Swap (�LCDS�) Index. The synthetic index is known as iTraxx LevX Senior and comprises 35 equally weighted LCDS referencing first lien loans. It is expected to start trading October 30, 2006.

  Media release
10/18/2006
International Index Company Announces Launch of iBoxx US Pension Liability Indices
Frankfurt, 17 October 2006 � International Index Company (IIC), the leading independent provider of credit derivative and fixed income indices, has launched a suite of iBoxx US Pension Liability Indices, a three-index set of benchmarks that reflects pension liability performance. The new indices will help plan sponsors, consultants and investment managers construct more successful liability-based investment strategies.

  Press release
09/29/2006
Updated list of retail bonds
The iBoxx European Technical Committee has identified three additional retail bonds. The bonds have been added to the attached list of retail bonds and are excluded from the iBoxx indices from 30 September.

  List of retail bonds
09/19/2006
International Index Company rolls the iTraxx Europe, Sterling and Asian CDS indices
London/Frankfurt, 19 September 2006 – International Index Company (IIC) announced today the successful completion of its index roll for the iTraxx indices in Europe and Asia. The Series 6 indices for Europe and Asia – and Series 3 for iTraxx SDI-75 - are launched on 20 September, with most indices trading 5¼ and 10¼-year maturities.

  iTraxx Index Roll 
09/18/2006
International Index Company to Purchase Goldman Sachs� Credit Indices
New York / Frankfurt - September 18, 2006 --The Goldman Sachs Group, Inc. (NYSE:GS) and International Index Company (IIC) today announced the sale of Goldman Sachs� credit indices to IIC. Following a brief transition period, the indices currently known as the GS $ InvesTop Index and the GS $ HYTop Index will be administered by IIC under the names iBoxx $ Liquid Investment Grade Index and iBoxx $ Liquid High Yield Index. The companies expect to complete the transition by November 1, 2006.

  Press release
09/15/2006
International Index Company Publishes Index Membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan
International Index Company (IIC) today published the index membership for iTraxx Asia ex-Japan, iTraxx Australia and iTraxx Japan (Series 6). Please find below the lists
- iTraxx Asia ex-Japan�(Series 6)�
- iTraxx Australia�(Series 6)�
- iTraxx Japan �(Series 6)�
09/14/2006
International Index Company Publishes Index Membership for iTraxx Europe and iTraxx SDI-75
International Index Company Limited (IIC) today published the membership lists for iTraxx Europe (Series 6) and iTraxx SDI-75 (Series 3). Rating changes that could affect the iTraxx Europe index membership will be taken into account if IIC is notified prior to 17.00 London on 15-Sept-2006 - in this case a new version of the index membership will be published on IIC's website at 14.00 London on 18-Sept-2006.
Please find below the list

- iTraxx Europe (Series 6)
- iTraxx SDI-75 (Series 3)
09/13/2006
International Index Company Publishes Provisional Index Membership for iTraxx Asia ex-Japan, Australia and Japan
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Asia ex-Japan, Australia and Japan (Series 6). Please find below the lists.
- iTraxx Asia ex-Japan
- iTraxx Australia
- iTraxx Japan
09/11/2006
International Index Company Publishes Provisional Index Membership for iTraxx Europe and SDI-75
International Index Company Limited (IIC) today published the provisional membership lists for iTraxx Europe (Series 6) and SDI-75 (Series 3). Please find below the lists.
- iTraxx Europe
- SDI-75
09/06/2006
iBoxx ABF annual country weight review and extended index history published
For the convenience of index users International Index Company (IIC) has increased significantly the information available for its ABF bond indices. The iBoxx ABF Technical Committee has also conducted its annual review of the country weights in the iBoxx ABF Pan-Asia index.

  Media Release
09/05/2006
International Index Company appoints Quick Corp. as publication agent for the iTraxx Japan index
Tokyo and Frankfurt - International Index Company Limited (�IIC�), the leading independent provider of credit derivative and fixed income indices, and QUICK Corp. (�QUICK�), Japan's leading financial information vendor, today announced that they have signed an agreement governing the publication of IIC�s iTraxx Japan index, the benchmark for the Japanese credit markets.

  Media Release
08/31/2006
iTraxx Europe changes to subindices
International Index Company (IIC) announced today that, following a vote by iTraxx Europe market makers, with effect from Series 6 on Sep. 20, 2006, the iTraxx Europe sub-indices TMT, Consumer, Energy, Industrials and Autos will no longer quoted separately in their own right. The main iTraxx Europe index will still be constructed using the same sector criteria (10 Autos, 25 Financials, 30 Consumers, 20 Energy, 20 Industrials and 20 TMT names)

Financials and Non-Financials will be retained as sub-indices, as will the first-to-default baskets.
08/31/2006
Updated list of retail bonds
The iBoxx European Technical Committee has identified two additional retail bonds. The bonds have been added to the attached list of retail bonds and are excluded from the iBoxx indices from 31 August.

  List of retail bonds
08/25/2006
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2006-03
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series 2006-03). The new index series will be launched on 1 September 2006. Please find below the list, which also shows the 20 bonds which have been excluded for liquidity reasons.

- iBoxx EUR ABS 50
07/31/2006
Updated list of retail bonds
The iBoxx European Technical Committee has identified four additional retail bonds. The bonds have been added to the attached list of retail bonds and are excluded from the iBoxx indices from 31 July.

  List of retail bonds
06/29/2006
Updated list of retail bonds
The iBoxx European Technical Committee has identified one additional retail bond (DE000DB2D9D6). The bond has been added to the attached list of retail bonds and is excluded from the iBoxx indices from 30 June.

  List of retail bonds
06/28/2006
Rule for variable coupon bonds clarified

Bonds, which are not eligible originally due to their structure, such as variable coupon bonds, where cash flows cannot be determined in advance, will not become eligible after last reset date, when the cash flows are known. This applies also to the following bond:
XS0129647813 SCOTPO Scottish Power UK PLC 6.375 31/05/2041 100,000,000
06/06/2006
Repurchased ABB bonds not included in iBoxx indices

Following successful exchange offer (results published by ABB Ltd. on 31st of May), ABB bonds were not included in the iBoxx indices:
XS0148556532 ABB International Finance Ltd 11.00 15.01.2008 500,000,000
XS0148556615 ABB International Finance Ltd 10.00 29.05.2009 200,000,000

Holders of 423 mil EUR and 180 mil GBP agreed to exchange their holdings into new 7- year EUR bond.
05/26/2006
ABB bonds exchange offer
On 16 May 2006 ABB Ltd. offered an exchange to the holders of following bonds: XS0148556532 ABB International Finance Ltd 11.00 15.01.2008 500,000,000

XS0148556615 ABB International Finance Ltd 10.00 29.05.2009 200,000,000

The exchange offer expires on 30 May at 17.00 CET, and the result of the offer will be made public on 31 May. It is likely that the amount outstanding for both bonds will fall below the cut-off level for membership of the iBoxx indices. The iBoxx EUR & GBP technical committee has agreed that both bonds will be kept in the index until the exchange offer result is made public. If the amount outstanding after exchange offer is below the cut-off level, the relevant bond will be excluded from the index on 31 May.
05/25/2006
iBoxx EUR ABS 50 Index - Final Index Membership List, Series 2006-02
International Index Company Limited (IIC) today published the final index membership for the iBoxx EUR ABS 50 index (Series 2006-02). The new index series will be launched on 1 June 2006. Please find below the list, which also shows the 20 bonds which have been excluded for liquidity reasons.
- iBoxx EUR ABS 50
05/22/2006
Asia Risk Summit � Developing Credit Derivative Products
At a recent round table hosted by interdealer broker BGC International, 14 senior market players (including International Index Company) in Singapore, Hong Kong, Tokyo and London discussed, via video link-up, the issues involved in developing credit derivative products. For a summary document of the round table session please download this file.
04/26/2006
Index rules regarding variation bonds clarified
The iBoxx EUR & GBP technical committee has agreed on the following interpretation of the index rules regarding the treatment of variation bonds in determining the amount outstanding of the bonds: The unissued portion of variation bonds is deducted from the total bond offering size. Using public information sources, IIC monitors the variation amount of these bonds and adjusts the amount outstanding at the monthly re-balancing if the issued amount of the bond has changed.
04/20/2006
International Index Company appoints Markit as exclusive calculation agent for the iTraxx indices
London and Frankfurt - International Index Company Limited (IIC), the leading independent provider of credit derivative and fixed income indices, and Markit Group Limited ("Markit"), the leading industry source of independent pricing and valuations for the global financial and commodities markets, today announced that they have signed an agreement governing the calculation and publication of IIC�s iTraxx indices, the benchmark for the European and Asian credit markets.

  Media Release
04/18/2006
iBoxx Annual Index Review 2006
For the convenience of users International Index Company makes changes and additions to its iBoxx indices once a year, on 30 June. In response to requests from investors, asset managers and investment banks, the changes outlined below have been agreed. This document provides detailed information about the changes taking place in 2006, which fall into the following categories:
  • Rating and maturity indices for �/� Financials and Non-Financials
  • Additional Euro indices

  iBoxx Annual Index Review 2006
03/19/2006
International Index Company rolls the iTraxx European and Asian CDS indices
International Index Company (IIC) announced today the successful completion of its index roll for the iTraxx indices in Europe and Asia. The Series 5 indices for Europe and Asia � and Series 2 for iTraxx SDI-75 - are launched on 20 March, with most indices trading 5� and 10�-year maturities.

  iTraxx Index Roll
03/17/2006
iTraxx Europe HiVol. ITV & CIBA
It was brought to the attention of IIC on Friday afternoon 17 March that ITV and CIBA would qualify as constituents of HiVol S5 due to their spread levels. However, it was too late to make changes to published final index membership.
03/16/2006
International Index Company Publishes Final Index Membership for iTraxx Asia ex-Japan, Australia and Japan
International Index Company Limited (IIC) today published the final index membership for iTraxx Asia ex-Japan, Australia and Japan (Series 5). Please find below the lists.
- iTraxx Asia ex-Japan
- iTraxx Australia
- iTraxx Japan
03/15/2006
International Index Company Publishes Final Index Membership for iTraxx Europe and SDI-75
International Index Company Limited (IIC) today published the final index membership for iTraxx Europe (Series 5) and SDI-75 (Series 2). Please find below the lists.
- iTraxx Europe
- SDI-75
03/10/2006
International Index Company Publishes Provisional Index Membership for iTraxx Asia ex-Japan, Australia and CJ Japan
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Asia ex-Japan, Australia and CJ Japan (Series 5). Please find below the lists.
- iTraxx Asia ex-Japan
- iTraxx Australia
- iTraxx CJ Japan
03/09/2006
International Index Company Publishes Provisional Index Membership for iTraxx Europe and SDI-75
International Index Company Limited (IIC) today published the provisional index membership for iTraxx Europe (Series 5) and SDI-75 (Series 2). Please find below the lists.
- iTraxx Europe
- SDI-75
03/07/2006
Changes in the course of the iTraxx index roll, Series 5
From the next iTraxx index roll (Series 5), scheduled to take place on 20 March 2006, the following changes will be made:
- iTraxx Crossover: expands from 40 to 45 entities
- iTraxx Japan: a new 3-year index will be traded, 10-year sub-indices will no longer trade.
03/01/2006
Closing index values for 28 February
The published closing index values for some iBoxx Sterling indices were incorrect on 28 February, due to a technical issue at one of our external service providers. Please find below a list of the relevant indices with restated closing levels.

   Closing Values
02/01/2006
International Index Company Launches New iBoxx EUR ABS 50 Index
International Index Company Limited (IIC), the leading independent provider of bond and credit derivative indices, today announced the launch of the iBoxx EUR ABS 50 Index. The index contains the 50 largest and most liquid European AAA-rated floating rate ABS/MBS securities and is rebalanced quarterly to keep track of new issuance. Index constituents are equally weighted.

  Media Release
01/24/2006
iBoxx Inflation-linked indices launched
International Index Company Limited (IIC) today announced the launch of its iBoxx Inflation-Linked Index Family. The indices are structured to provide international investors with accurate benchmarks of the major sovereign and quasi-sovereign inflation-linked bond markets of the world, and to provide a platform on which research and structured products can be based. Like all IIC indices, the iBoxx Inflation-linked Indices are fully rules-based, multiple-contributor priced, transparent, objective and accessible to all. For full details see attached media release .

  Media Release
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