Markit Agency Derivative Indices
The Markit IOS and PO Indices are synthetic Total Return Swap Index series referencing the separate interest and principal components of Agency pools
Product summary:

The first Markit IOS sub-indices launched on March 12th, 2010.  The indices reference the synthetic interest portion of agency pools in the index.  Markit IOS will serve as a liquid and standardized tool for investors to take long or short positions based on their own assumptions of prepayment and extension of the reference pool interest payments.  The first Markit PO sub-indices launched on June 12th, 2010, and reference the principal components of the same reference pools.
Key benefits:
Indices reference only the interest or principal component of reference pools for tailored exposure.
Index cashflows, prices and valuation are either solely based on interest or principal component
Sub-indices will be created for each coupon
Key functions:
Index will provide exposure to agency pool coupon and principal cashflows via synthetic TRS contracts
Related Info
Request Markit MBX/IOS/PO Calculator
 
Markit MBX PresentationMarkit MBX Presentation
Markit IOS PresentationMarkit IOS Presentation
Markit PO PresentationMarkit PO Presentation
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