Following consultation with the iTraxx Asia ex-Japan Index Advisory Committee as well as market participants, IHS Markit has concluded to not make any amendments to the iTraxx Asia ex-Japan Index rules ahead of the roll into Series 31.In anticipation of the roll into Series 32 which is due to be launched in September 2019, IHS Markit is considering several changes to the index rules. The motivation for the rule change is to further align the iTraxx Asia ex-Japan index with the Asia ex-Japan USD investment grade bond market. For this purpose, IHS Market is proposing to introduce new entities to the iTraxx Asia ex–Japan index that are currently not liquid in the CDS space but are large bond issuers in the Asia ex-Japan USD investment grade bond market.
IHS Markit will continue to consult with market participants and look to make an announcement in the coming months on the finalised rule change. Market participants looking to join the iTraxx Asia -ex Japan Index Advisory Committees, wishing to ask questions or provide feedback kindly contact
itraxxadvisory@ihsmarkit.com.