Markit, a financial information services company that owns the Markit iTraxx indices, announced that the Markit iTraxx Asia indices will roll into their tenth series on 29 September 2008.
The Markit iTraxx Japan HiVol index will not roll into Series 10. The decision was taken based on dealer polls conducted by Markit. In addition, the 3-year and 10-year maturities of the Markit iTraxx Japan Main index as well as the 10-year maturity of the Markit iTraxx Australia index will be discontinued. These measures were taken to concentrate liquidity in the remaining maturities.
Based on liquidity polls, the following changes have been made to the Markit iTraxx Asia family of indices:
Two constituents were replaced in the Markit iTraxx Asia ex-Japan IG and one in the Markit iTraxx Asia ex-Japan HY.
Four constituents were replaced in the Markit iTraxx Japan Main index.
The Markit iTraxx Australia index remained unchanged.
D.C.