Markit postpones roll for iTraxx Asian indexes

By Angela McDaniels

Tacoma, Wash., Sept. 17 - Markit Group Ltd. said its Markit iTraxx Asian indexes will roll into series 10 on Sept. 29 instead of Sept. 22 as originally planned.

The delay follows a majority dealer vote, according to a company news release. The final membership lists will be published on Sept. 24.

The main Markit iTraxx Asian indexes are the Markit iTraxx Asia ex-Japan index, the Markit iTraxx Australia index, the Markit iTraxx Japan index and the Markit iTraxx Japan 80.

The Asia ex-Japan index includes 50 equally weighted investment-grade and 20 equally weighted high-yield credit default swaps of Asian entities and is split into three regional sub-indexes: Korea, Greater China and Rest of Asia.

The company said the indexes typically trade with five-year maturities.

Markit provides independent data, portfolio valuations and over-the-counter derivatives trade processing to the financial markets.

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