Merrill launches regional CDS

New angles

Merrill Lynch has launched a new product aimed at tracking the performance of the Asian credit default swaps market. Called Asia – Liquid Indexed Credits (Asia-LINC), it is a five-year credit default swap that takes the average of 25 Asia ex-Japan credits from across the region.

The product is aimed at market participants wanting to manage their exposure to the Asian credit market by buying and selling protection on a diversified portfolio of credits. Asia-LINC is also aimed at hedge f