Barclays Capital expected to take over Lehman indexes

Barclays Capital looks set to acquire Lehman Brothers’ suite of indexes, widely used as a benchmark in the fixed-income market.

Barclays says it “recognises the industry significance” of these indexes and is committed to maintaining them and the associated index calculation, publication and analytical infrastructure and tools.

A deal between the two firms is today being thrashed out in court. The banks said they were unable to comment on the specifics of the proposed transaction until an agreement is reached.

Which indexes will be transferred to Barclays Capital remains unclear. However, the Lehman suite incldues an asset-backed securities index, along with the Aggregate Bond Index, US Aggregate Index, Euro-Aggregate index, Global Aggregate Index and US Universal Index.

Barclays’ proposal is subject to the approval of the US bankruptcy court. If the acquisition is not agreed by September 24, it will be terminated.

See also:

Barclays to launch FX trend index
Barclays buys Lehman's capital markets business in the US

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here