MTSNext has launched the EuroMTS Covered Bond Indices (EMTXc), real-time indices for euro-denominated covered bonds from European Union issuers.
The new index family includes an aggregate index, currently composed of 64 bonds, with three maturity range sub-indices and five country indices. The EMTXc indices are based on real time prices from the MTS trading platforms and include the following issues: German Oeffentliche and Hypothekenpfandbriefe, French Obligations Foncires, Spanish Cedulas, Irish ACS and UK bonds covered with mortgages and/or public loans.
These indices all adhere to the same principles of transparency, tradability and independence that are integral to the original EuroMTS Indices and are calculated and published in real time from 9:00 to 17:30 CET with two daily fixings for each index: at 11:00 CET and 16:00 CET.
The EMTXc indices extend the EuroMTS Index family and are designed as an investment benchmark while also providing underlying indices for structured products, exchange-traded funds (ETFs) or derivatives.