Jul 16 2020
    iTraxx Asia ex-Japan Rule Review

    Ahead of the September 2020 index roll, IHS Markit is reviewing the index rules for iTraxx Asia ex-Japan index. As part of the consultation, IHS Markit invites feedback from market participants on the proposed rule changes outlined in the attached document.

    Market participants wanting to provide feedback or inquire on the changes being considered are invited to join the iTraxx Asia ex-Japan Index Advisory Committee or can contact the index team directly by emailing itraxxadvisory@ihsmarkit.com.

    The consultation period will complete on 5th August 2020 following which, IHS Markit will publish the final decision on the iTraxx Asia ex-Japan index rules.

    Current Index Rules are published under Documentation, iTraxx Product Rules on the following page:
    https://www.markit.com/Documentation/Product/ITraxx

    Jul 16 2020
    IBOR Transition – IHS Markit Indices findings and request for feedback

    IHS Markit is keen to hear your views on the IBOR transition in the context of our indices. We are pleased to share the attached information paper and questionnaire. We hope this will form a basis for discussion and understanding of views across our clients and market participants. Please feel free to share this paper and questionnaire with others you might consider appropriate and relevant within your organization involved with the IBOR transition topic.

    We look forward to receiving your feedback on the questions provided, which can be submitted either via the Indices IBOR Transition Survey or by emailing us on indices@ihsmarkit.com.

    If you have any questions, please contact us at indices@ihsmarkit.com

    Jul 13 2020
    iTraxx Australia Rule Review

    Ahead of the September 2020 index roll, IHS Markit is undertaking a review of the iTraxx Australia index rules. IHS Markit invites feedback on the two proposals outlined below for changes to the iTraxx Australia index rules.

    We request market participants to kindly provide your feedback by Wednesday, 29th July, following which we will review further and outline future course of action. To provide feedback or for any queries, please email itraxxadvisory@ihsmarkit.com.

    Current Index Rules are published under Documentation, iTraxx Product Rules on the following page: https://www.markit.com/Documentation/Product/ITraxx


    PROPOSED RULE CHANGES


    For an entity to be eligible for inclusion in the iTraxx Australia index, it must be a member of either the Liquidity List or the Additional Entity List. IHS Markit is proposing the following rule changes to the eligibility criteria of the two lists:

    1. Liquidity List

    Currently, in order for entities to be eligible for the Liquidity List, among other criteria, entities:

    a. must have traded in the last eight weeks preceding the roll month as per the DTCC Roll Report;
    b. must have a minimum of AUD 150,000,000 publicly traded debt outstanding in a currency that is deliverable into an Australian CDS contract.

    IHS Markit is considering dropping rule (a.) above to increase the pool of liquid CDS names to be eligible for index inclusion. Further, IHS Markit is considering amending rule (b.) above to require entities to have a minimum of AUD 150,000,000 publicly traded Senior debt outstanding in a currency that is deliverable into an Australian CDS contract.

    As per the March 2020 DTCC Roll Report, the below additional names would become eligible for index inclusion via the Liquidity List, as long as they satisfy all other criteria for the Liquidity List:
    AMCOR PTY LTD GPT RE LIMITED TELSTRA CORPORATION LIMITED
    CROWN RESORTS LIMITED SCENTRE MANAGEMENT LIMITED

    2. Additional Entity List

    As per the current rules, when there are not enough names eligible for the index in the Liquidity List, new names are included in the index via the Additional Entity List. The Additional Entity List consists of the largest Australia/NZ debt issuers as per iBoxx AUD/EUR/GBP/USD indices that are not part of the Liquidity List. One of the criteria for names to be part of the Additional Entity List is that they must have minimum debt outstanding equivalent to AUD 750 million. IHS Markit is proposing an amendment to this criterion to only consider Senior debt when determining the debt outstanding for names to be included in the Additional Entity List.

    As per the July 2020 composition of the iBoxx indices used to construct the Additional Entity List, the following names will potentially be eligible for index inclusion:
    AUSTRALIA PACIFIC AIRPORTS MELBOURNE PTY LTD GOODMAN AUSTRALIA INDUSTRIAL PARTNERSHIP PACIFIC NATIONAL HOLDINGS PTY LTD VICINITY CENTRES
    BRISBANE AIRPORT CORP PTY LTD GOODMAN GROUP SANTOS LTD WESTLINK MOTORWAY GROUP
    CHORUS LTD LONSDALE FINANCE HOLD PTY LTD SINGTEL OPTUS PTY LTD
    FONTERRA CO-OPERATIVE GROUP LTD NATIONAL HOUSING FINANCE AND INVESTMENT CORP UNITED ENERGY DISTRIBUTION PTY LTD

    Please note that the names in both proposals have been provided for INDICATIVE purposes only. The iTraxx Australia Series 34 selection will be based on September 2020 DTCC Roll Report and September 2020 iBoxx indices composition.

    Apr 08 2020
    iTraxx MSCI ESG Screened Europe Series 33 Index New First Trading Date

    This is to inform market participants that the iTraxx MSCI ESG Screened Europe Series 33 Index will be available for trading from the upcoming IMM date, 22nd June 2020 onward.

    The following are the index details:

    Index name: iTraxx MSCI ESG Screened Europe Series 33 Index
    First trading date: 22nd June 2020
    Index RED code: 4ABCBNAA1
    Effective date: 20th March 2020
    Index tenor: 5Y
    Maturity Date: 20th June 2025
    Fixed coupon: 100 basis points


    For any queries, please contact itraxxadvisory@ihsmarkit.com.

    Mar 19 2020
    iTraxx MSCI ESG Screened Europe Series 33 Index First Day of Trading Postponed

    In view of the extreme market volatility and operational challenges of onboarding a new index, IHS Markit has decided to delay the first day of trading for the new iTraxx MSCI ESG Screened Europe Series 33 Index.

    The index will no longer be available for trading on 20th March 2020 as previously announced. A new trading start date will be communicated to market participants in the coming days.

    For any queries, please contact itraxxadvisory@ihsmarkit.com.

    Mar 17 2020
    Markit CDX and iTraxx Consultation Conclusion

    In response to inquiries around the impact of extreme market volatility on upcoming index rolls for CDX and iTraxx, IHS Markit has conducted a public consultation and held discussions with its Index Advisory Committees. In reaching a decision, IHS Markit has taken into account a number of factors, including underlying market liquidity, operational risk introduced by potentially postponing the roll and short term market outlook.

    IHS Markit has given careful consideration to feedback received from a broad range of market participants, including infrastructure providers. The feedback indicates that many firms currently have operational complexities based on COVID-19 workplace arrangements. Despite this, the majority of market participants have confirmed their ability to facilitate the roll as scheduled.

    On this basis and given no underlying market liquidity issues, IHS Markit has concluded to proceed with the index rolls as per the existing timetables.

    Please continue to monitor our Index News & Information page for the latest updates.

    Mar 16 2020
    Markit CDX and iTraxx Consultation

    IHS Markit will be discussing with CDX and iTraxx Index Advisory Committee members the potential to delay the index rolls due to increased market volatility.

    Market participants are invited to provide feedback by emailing cdxadvisory@ihsmarkit.com or itraxxadvisory@ihsmarkit.com, the feedback window is scheduled to complete by 12PM EST March 17 following which IHS Markit will publish a further announcement.

    Mar 16 2020
    Important information about index publication delays and index rebalancing

    IHS Markit continues to monitor current conditions of extreme market volatility to ensure the accuracy and robustness of our indices. With this in mind, please be notified of the following:

    1. Potential index publication delays

    IHS Markit continues to review the depth and quality of inbound pricing data used in the calculation and publication of our indices. We have implemented additional checks, which might result in publication delays. Where publication delays occur or are likely to occur, we will inform end users in advance via our standard communication channels.

    2. Potential index rebalance delays

    IHS Markit is considering the impact of index composition changes (rebalance or roll) on index end users in the current, stressed market environment. In doing so, IHS Markit will take into account overall market impact and index users’ ability to source liquidity for the underlying instruments. IHS Markit will assess parameters for each asset class separately and will seek market feedback as appropriate. Unless stated otherwise, IHS Markit currently operates under the assumption of scheduled index composition changes proceeding as normal. However, please be advised that we continue to review and this is subject to change.

    We kindly advise our index users to monitor our Index News & Information page for latest updates.

    Mar 13 2020
    iTraxx Australia Series 33 Final List UPDATED

    Please note the following updates to the iTraxx Australia Series 33 Final List.


    Old Entity Updated Entity
    Ticker Entity Ticker Entity
    NEWCFIN NEWCREST FINANCE PTY LIMITED NCM NEWCREST MINING LIMITED
    ORIGENE ORIGIN ENERGY FINANCE LIMITED BORAU ORIGIN ENERGY LIMITED
    SOCAC-SAFC SYDNEY AIRPORT FINANCE COMPANY PTY LIMITED SOCAC SOUTHERN CROSS AIRPORTS CORPORATION HOLDINGS LIMITED

    Mar 12 2020
    iTraxx Asia ex-Japan Series 33 Final Membership List

    Please find below the iTraxx Asia ex-Japan Final Index Membership List for Series 33.

    Mar 12 2020
    iTraxx Japan News Announcement

    The iTraxx Japan Series 33 Final Membership List has now been published. Please note the below changes from the S33 Provisional List.

    EAST JAPAN RAILWAY COMPANY (EJRAIL)
    Upon further review, IHS Markit has decided not to include EJRAIL as it could negatively impact overall liquidity of iTraxx Japan index.

    Mar 12 2020
    iTraxx Europe Series 33 Final Membership List

    Please find below the iTraxx Europe Final Index Membership List for Series 33.

    Mar 12 2020
    iTraxx MSCI ESG Screened Europe Series 33 Final Membership List

    Please find below the iTraxx MSCI ESG Screened Europe Final Index Membership List for Series 33.

    Mar 12 2020
    iTraxx Europe News Announcement

    The iTraxx Europe Series 33 Final Membership List has now been published. Please note the below changes from the S33 Provisional List.

    AKTIEBOLAGET ELECTROLUX (ELTX)
    Upon further review, IHS Markit has decided not to include ELTX as it does not qualify for the iTraxx Europe Liquidity List.

    WIRECARD AG (WIREAG)
    Upon further review, IHS Markit has decided not to include WIREAG as it could potentially negatively impact the liquidity of the iTraxx Europe index.

    Mar 12 2020
    iTraxx Australia News Announcement

    The iTraxx Australia Series 33 Final Membership List has now been published. Please note the below changes from the S33 Provisional List.

    SGSP AUSTRALIA ASSETS PTY LTD 9 (SGSPAUS)
    Upon further review, IHS Markit has decided not to include SGSPAUS in iTraxx Australia Series 33. As SGSPAUS is a subsidiary of State Grid International Development Australia Investment Company Limited and Singapore Power International Pte Ltd., SGSPAUS is not seen as an entity reflecting Australian corporate risk.

    BRAMBLES FINANCE LTD (BRAMBFI)
    Upon further review, IHS Markit has decided not to include BRAMBFI in iTraxx Australia Series 33. Given the low liquidity of the underlying bonds in Australia, inclusion of BRAMBFI was seen as potentially harmful for liquidity of the iTraxx Australia index.

    Mar 12 2020
    iTraxx Asia ex-Japan News Announcement

    The iTraxx Asia ex-Japan Series 33 Final Membership List has now been published. Please note the below change from the iTraxx Asia ex-Japan S33 Provisional List.

    PT PELABUHAN INDONESIA III PERSERO (PTPEL)
    Upon further review, IHS Markit has decided not to include PTPEL in iTraxx Asia ex-Japan Series 33 Final List. Given the availability of other state-owned Indonesian entities with higher debt outstanding, a higher ranked Indonesian entity from the Debt Issuer List was selected for inclusion.

    Mar 12 2020
    iTraxx MSCI ESG Screened Europe Series 33 RED Code

    Index Name S33 RED Code
    iTraxx MSCI ESG Screened Europe Series 33 Version 1 4ABCBNAA1

    Mar 12 2020
    iTraxx Japan Series 33 Final Membership List

    Please find below the iTraxx Japan Final Index Membership List for Series 33.

    Mar 12 2020
    iTraxx Auatralia Series 33 Final Membership List

    Please find below the iTraxx Australia Final Index Membership List for Series 33.

    Mar 10 2020
    iTraxx Europe & Crossover Series 33 Provisional Membership List

    Please find below the iTraxx Europe & Crossover Provisional Index Membership List for Series 33.
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