New index taps into ABSs

New angles

CDS IndexCo and Markit have teamed up to launch a synthetic asset-backed securities (ABSs) index of US home equity ABSs. The index, called ABX.HE, formally started trading on January 18 and dealers report that business has been brisk, with roughly $10 billion notional having traded in the first five days.

Work began on the index early last year, when the single-name ABS credit default swap (CDS) market began to gather pace, and dealers hope the increased transparency and liquidity of the index

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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: