Tradable - Standardized TRS
Standardized Total Return Swap contracts on a selection of global Markit iBoxx indices enable investors to gain or hedge exposure to the corporate bond and leveraged loan markets easily and efficiently.
The Total Return Swap contracts are available for selected iBoxx indices including: Markit iBoxx EUR Corporates, Markit iBoxx GBP Corporates, Markit iBoxx EUR Liquid HY, Markit iBoxx USD Liquid HY and Markit iBoxx USD Liquid Leveraged Loan Index.

Key benefits

  • Instruments allow investors to express views on the corporate credit market in a simple and efficient manner
  • No tracking error
  • No rolls (rebalancing mechanism built-in)
  • Markit iBoxx indices are benchmarks for all credit investors and widely used by asset managers
  • Multi-sourced pricing used for constituents
  • Market weighted
  • Coupons are re-invested


Primary Dealers for the Standardized Total Return Swaps

  • Bank of America Merrill Lynch
  • Barclays (IG)
  • BNP Paribas
  • Citigroup
  • Credit Suisse International
  • Deutsche Bank
  • Goldman Sachs
  • J.P. Morgan
  • Morgan Stanley & Co. International plc
  • Société Générale

The capitalised terms used in these materials but not defined in these materials shall have the meanings given to such terms in the iBoxx Bond Index Transaction Standard Terms Supplement. To the maximum extent allowed by law, neither Index Sponsor nor its affiliates, data provider, any Primary Dealer and/or Licensed Dealer make any representation, warranty, condition, undertaking or term, whether express, implied or statutory, regarding or relating to the Index or any data (including any Final Fixing Amount), documentation or materials relating to the Index provided or made available pursuant to such Index ("Materials") including (a) of merchantability or that the Materials are fit for any particular purpose; or (b) as to the accuracy, timeliness or completeness of all or any of such Materials or any of the results to be attained by any party from the use of such Materials. Neither the Index Sponsor nor its affiliates, data provider, any Primary Dealer and/or Licensed Dealer shall in any way be liable to any party whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise, in respect of any loss or damage suffered by any party or its clients arising in respect of, or in connection with (i) any inaccuracy, error or omission, regardless of cause, in any of the Materials or (ii) any advice, opinion, recommendation, guidance, forecast, judgment, publication, conclusion or any course of action (or inaction) of any party or its clients, made or taken in reliance of, or based on, any of the Materials.