LCDX index debuts in US

risk-0607-02-gif

The LCDX North America index of loan credit default swaps (LCDSs) was launched on May 22 following months of negotiation between dealers over the wording of the documentation and, in particular, whether LCDS contracts should be callable.

Details of the index were publicly unveiled on May 21 by CDS IndexCo, a consortium of banks, and London-based data provider Markit, which acts as calculation agent for the product. CDS IndexCo says the index will enable institutional investors to access lever

To continue reading...

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 indvidual account here: