Markit LCDX consists of 100 reference entities, referencing first lien leveraged loans CDS.
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The Markit LCDX index includes the following characteristics: reference entities, deliverable obligations, tenor, quotation standard, credit events, recovery rate assumptions for upfront and unwind calculation, roll dates, syndicated loans and credit event settlement.
Ability to quickly trade large sizes and electronically confirm trades
Wide dealer and industry support, allowing for significant liquidity in all market conditions
Publicly available pricing, with all index characteristics standardised and documented
Important notifications and public information about our indices, including changes to upcoming series following index rolls, credit events on constituents and issuance of new indices
Publicly available documentation relating to our indices, including methodologies, annexes and educational guides, as well as trading and legal documents for tradable indices