Markit Plans European Residential Mortgage-Backed Index
At 14 Feb 2008 10:24:43 in RDR-Indexes, Reference Data Review
Markit says it is working with a broad group of dealers on documentation for a European residential mortgage-backed index. The ERMBX.UK is designed to reference synthetic UK prime mortgage-backed securities. Markit is the owner of the iTraxx and CDX credit derivative indices and the synthetic structured finance and loan indices ABX.HE, CMBX, LCDX and LevX. Following feedback from all market participants, and in light of the current volatile market conditions, it has been agreed that any decision regarding the launch of the new index will be made at a later date.
















