On February 9th, 2010, Markit will be launching a new set of "AM" sub-indices for all existing vintages of the CMBX indices. | Index | RED ID | Fixed Coupon | Annex Date | Maturity | | CMBX.NA.AM.1 | 19HGEMAA1 | 50 bps | 2/9/2010 | 10/12/2052 | | CMBX.NA.AM.2 | 19HGEMAB9 | 50 bps | 2/9/2010 | 3/15/2049 | | CMBX.NA.AM.3 | 19HGEMAC7 | 50 bps | 2/9/2010 | 12/13/2049 | | CMBX.NA.AM.4 | 19HGEMAD5 | 50 bps | 2/9/2010 | 2/17/2051 | | CMBX.NA.AM.5 | 19HGEMAE3 | 50 bps | 2/9/2010 | 2/15/2051 |
The "AM" tranche is commonly defined as an originally rated AAA CMBS tranche that has the 2nd least amount of credit support. The CMBX.NA.AM is found immediately above the CMBX.NA.AJ tranche and below the existing CMBX.NA.AAA tranche in the capital structure. |
