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February 25th, 2009, 10:56 AM
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Thanks. Spotted it. At just before 2am I missed it. Thanks again.
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March 4th, 2009, 01:39 PM
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I have a follow on question for this issue....
The code below returns nothing.......
Code:
<xsl:for-each select="$dcr[generate-id() = generate-id(key('by-month', substring(date,1,2))[1])]">
<!--xsl:sort select="substring(date,1,2)" order="ascending"/-->
<xsl:variable name="yearn" select="substring(date,7,4)"/>
<xsl:variable name="monthn" select="substring(date,1,2)"/>
<!--xsl:value-of select="$currentYear"/><xsl:value-of select="$yearn"/><br/-->
<xsl:choose>
<xsl:when test="$currentYear = $yearn">
<tr>
<td align="top" valign="middle">
<!--b><xsl:value-of select="substring(date,1,2)"/></b><br/-->
<a href="$PAGE_LINK[/press-releases/detail]dcr={@dcr}"><xsl:value-of select="title"/></a><br/>
</td>
</tr>
</xsl:when>
</xsl:choose>
</xsl:for-each>
If I replace
Code:
<xsl:for-each select="$dcr[generate-id() = generate-id(key('by-month', substring(date,1,2))[1])]">
with
Code:
<xsl:for-each select="$dcr">
I get all my data but not grouped under months.
Any idea why the code using the month key is not working?
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March 4th, 2009, 01:46 PM
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Friend of Wrox
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Try to isolate the problem. Then post minimal but complete XML and XSLT samples allowing us to reproduce the problem.
__________________
Martin Honnen
Microsoft MVP (XML, Data Platform Development) 2005/04 - 2013/03
My blog
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March 4th, 2009, 02:50 PM
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Thanks.
My xml samlple is as follows....
Code:
<PRList>
<PressRelease dcr="/test/PressRelease/data/2008/10/2008-10-02">
<date>10/02/2008</date>
<title>Press Release title</title>
<content>Content</content>
</PressRelease>
My xsl sample is as follows.....
Code:
<xsl:variable name="dcr" select="/Properties/Data/Result/PRList/PressRelease" />
<xsl:key name="by-month" match="/Properties/Data/Result/PRList/PressRelease" use="substring(date,1,2)"/>
<table width="521" border="0" style="font-family:Arial, Helvetica, sans-serif; font-size: 8pt;">
<xsl:for-each select="$dcr">
<!--xsl:for-each select="$dcr[generate-id() = generate-id(key('by-month', substring(date,1,2))[1])]"-->
<!--xsl:sort select="substring(date,1,2)" order="ascending"/-->
<xsl:variable name="yearn" select="substring(date,7,4)"/>
<xsl:variable name="monthn" select="substring(date,1,2)"/>
<!--xsl:value-of select="$currentYear"/><xsl:value-of select="$yearn"/><br/-->
<xsl:choose>
<xsl:when test="$currentYear = $yearn">
<tr>
<td align="top" valign="middle">
<!--b><xsl:value-of select="substring(date,1,2)"/></b><br/-->
<a href="$PAGE_LINK[/press-releases/detail]dcr={@dcr}"><xsl:value-of select="title"/></a><br/>
</td>
</tr>
</xsl:when>
</xsl:choose>
</xsl:for-each>
</table>
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March 5th, 2009, 09:52 AM
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Friend of Wrox
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Join Date: Nov 2007
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Sorry, neither the XML nor the XSLT is complete.
__________________
Martin Honnen
Microsoft MVP (XML, Data Platform Development) 2005/04 - 2013/03
My blog
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March 5th, 2009, 11:57 AM
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My xml is as follows.....
Code:
BODY{font:x-small 'Verdana';margin-right:1.5em} .c{cursor:hand} .b{color:red;font-family:'Courier New';font-weight:bold;text-decoration:none} .e{margin-left:1em;text-indent:-1em;margin-right:1em} .k{margin-left:1em;text-indent:-1em;margin-right:1em} .t{color:#990000} .xt{color:#990099} .ns{color:red} .dt{color:green} .m{color:blue} .tx{font-weight:bold} .db{text-indent:0px;margin-left:1em;margin-top:0px;margin-bottom:0px;padding-left:.3em;border-left:1px solid #CCCCCC;font:small Courier} .di{font:small Courier} .d{color:blue} .pi{color:blue} .cb{text-indent:0px;margin-left:1em;margin-top:0px;margin-bottom:0px;padding-left:.3em;font:small Courier;color:#888888} .ci{font:small Courier;color:#888888} PRE{margin:0px;display:inline} - <Properties>
- <Data>
- <External>
- <Parameters>
- <Datum Name="Category">
- <![CDATA[ markit ]]>
</Datum>
- <Datum Name="DataType">
- <![CDATA[ PressRelease ]]>
</Datum>
- <Datum Name="RequestHeaders">
</Datum>
- <Datum Name="RootElementName">
- <![CDATA[ PRList ]]>
</Datum>
- <Datum Name="iw-ls-page-name">
- <![CDATA[ Main/Dynamic-Page/Press Release Homepage ]]>
</Datum>
- <Datum Name="year">
- <![CDATA[ ]]>
</Datum>
</Parameters>
</External>
- <Result>
- <PRList>
<DataSearchPath path="" />
- <PressRelease dcr="/xxxxx/PressRelease/data/2008/10/2008-10-02">
<date>10/02/2008</date>
<title>Markit Presents Initiatives to Reinforce OTC Market Transparency and Resiliency</title>
<content><p><strong>London </strong>– Markit, a financial information services company, held a press briefing in London yesterday to discuss current regulatory concerns stemming from the financial crisis, and initiatives under way to improve the transparency and resilience of the marketplace further. <br /> <br /> Markit’s briefing centred on the issues of market infrastructure, transparency and valuations for the over-the-counter (OTC) markets, including the following initiatives: </p> <ul> <li><strong>Creating a more resilient market infrastructure to reduce operational risk:</strong> <br /> o Markit and The Depository Trust & Clearing Corporation (DTCC) are soon to launch a new company which will provide a single, integrated cross-asset class trade processing gateway for OTC derivative transactions worldwide. <br /> o Markit and Creditex have launched a credit default swap (CDS) portfolio compression service for single name CDS which has already conducted compression cycles for European and North American credits with the participation of 15 dealers. The firms plan to conduct regular cycles to reduce significantly notionals outstanding in this market. <br /> o Markit Wire, the trade date legal confirmation service, feeds interest rate derivative trade information to LCH.Clearnet, facilitating intraday clearing through a central counterparty. <br /> </li> <li><strong>Enhancing transparency in the OTC markets:</strong> <br /> o Markit offers high quality, comprehensive daily consensus pricing for CDS, ABS, corporate bonds and syndicated loans, with many of these prices updated intra-day. The firm will soon launch an evaluated bond pricing service which will target global coverage of bond markets and complement Markit’s existing pricing and valuation services. <br /> o Markit has recently made its mark-to-market CDS data freely available in the short term to institutional investors that do not subscribe to this service currently, in order to facilitate the valuation of CDS positions in an environment of reduced availability of dealer quotes. <br /> o Markit intends to make RED index codes freely available to buy-side clients for the purpose of identifying and confirming CDS index trades via the DTCC. Markit RED helps remove the potential for error in CDS trade processing. <br /> o Markit provides MiFID-compliant pre-trade transparency and post-trade reporting for the pan-European OTC equity markets through Markit BOAT.<br /> </li> <li><strong>Providing independent valuation of OTC instruments: <br /> </strong>o Markit’s Totem service delivers millions of price points for exotic OTC derivatives at month-end and is the accepted benchmark for sell-side valuations. <br /> o An extraordinary Totem ‘run’ was held on 15 September to support client derivative valuations in difficult markets. <br /> o In response to demand from regulators and market participants, Markit will launch a daily Totem service in the coming months to offer all market participants a tool for independent price verification of vanilla OTC equity, currency and commodity derivatives. <br /> o Markit Portfolio Valuations provides the buy-side with an independent post-trade calculation of the gross asset value of a portfolio of OTC derivative and cash positions. The service is calibrated with Markit’s proprietary observable data, received from the world’s largest market makers. <br /> o Scheduled to launch by early next year, Markit Valuations Manager will act as a central portal for buy-side firms wishing to gain access to dealer marks and Markit’s portfolio valuations service. The new platform will increase transparency and reduce operational risk significantly. </li> </ul> <p><strong>Marcus Schüler, Managing Director and Head of Regulatory Affairs at Markit, said:</strong> “Markit has provided pricing transparency for all the main OTC asset classes throughout this period of market dislocation. We will continue to work closely with regulators and industry bodies, as well as buy-side and sell-side institutions, on initiatives that further reinforce transparency and resilience in the global markets.” <br /> <br /> <strong>Lance Uggla, Chief Executive Officer of Markit, said:</strong> “We have not seen market conditions like these in decades, and it has become increasingly important for market participants to work together to improve market infrastructure. Markit has embraced this challenge and will continue to look for ways to increase efficiency and transparency in the overall markets.” <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p><strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/xxxxx/PressRelease/data/2008/10/2008-10-02-2">
<date>10/02/2008</date>
<title>Creditex and Markit Announce Final Results of Tembec Credit Event Auction</title>
<content><p class="MsoNormal" style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><a href="http://www.creditex.com/"></a><strong>New York, NY</strong> – Markit and Creditex, in partnership with nine major credit derivative dealers, have successfully conducted a Credit Event Auction to facilitate the settlement of credit derivative trades referencing Tembec Industries Inc., a unit of Tembec Inc. At 2:00 pm EST today, the final price was fixed at 83.00%. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Tembec Industries is a Canadian forest products company that has filed a Chapter 15 bankruptcy petition in the United States, triggering a credit event in credit-default swap (CDS) contracts referencing the company. <br /> <br /> Markit and Creditex administered the Credit Event Auction in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Tembec CDS Protocol announced on September 12, 2008. The Credit Event Auction enabled market participants to cash settle single-name, index, bespoke tranche and other credit derivative transactions. <br /> <br /> During the Credit Event Auction, dealers submitted orders electronically on the Creditex platform. The auction submissions were delivered to Markit electronically. Markit calculated and verified the results, and published them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> On October 6th, Markit and Creditex will be conducting four Credit Event Auctions in relation to the settlement of CDS contracts referencing Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac"). <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers to facilitate the settlement of credit derivative contracts in the event of a corporate default. Previous auctions were held for Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><strong></strong></span></p> <p class="MsoNormal" style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><strong>- Ends - <br /> </strong><br /> <strong>For more information please contact: <br /> </strong><br /> <em>Markit</em> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> </span></p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-03">
<date>10/03/2008</date>
<title>Markit LCDX Index Roll Postponed</title>
<content><p><strong>London and New York, NY</strong>- Markit, a financial information services company that owns the Markit LCDX index, today announced that it has postponed the roll of the index into Series 11 pending the launch of a market standard non-cancellable single name loan credit-default swap (CDS) contract.</p> <p>Loan CDS dealers are designing a non-cancellable single name loan CDS contract to enhance liquidity by eliminating uncertainty linked to the cancellability of the current market standard contract. </p> <p>If and when market participants agree on a market standard non-cancellable single name loan CDS contract, Markit will integrate the language and characteristics of this contract into the Markit LCDX index. <br /> <strong></strong></p> <p><strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com ">www.markit.com</a>.</p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-06">
<date>10/06/2008</date>
<title>Markit Announces Roll of Markit CDX Indices</title>
<content><p><strong>New York, NY</strong> - Markit, a financial information services company and owner of the Markit CDX indices, today announced that the following indices have rolled into new series: <br /> <br /> • The Markit CDX North America Investment Grade, Markit CDX North America Investment Grade High Volatility, Markit CDX North America Crossover, Markit CDX Emerging Markets and Markit CDX Emerging Markets Diversified indices rolled into the new series on 2 October 2008. <br /> • The Markit MCDX index rolled into the new series on 3 October 2008. <br /> • The Markit CDX North America High Yield index rolled into the new series on 6 October 2008. <br /> <br /> Detailed index constituent lists and trading documentation are available <a href="${link:{uuid:{7ef6c5b3-4593-4e4c-b547-5e7a4ba896a8},repository:{website},workspace:{default},path:{/products/cdx}}}">here</a>.<br /> <br /> <strong>-Ends- <br /> </strong><br /> <strong>For further information, please contact: </strong><br /> <br /> <em>About Markit <br /> </em><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a>. </p> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1-212-205-1310 <br /> <br /> <strong>Note to Editors: <br /> </strong><br /> <em>About Markit CDX indices <br /> </em><br /> Markit is the owner of the Markit CDX family of indices, the most widely traded credit derivatives indices in North America. <br /> <br /> <em>The investment banks licensed to trade the Markit CDX indices include: <br /> </em><br /> ABN AMRO, Bank of America, BNP Paribas, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch, Morgan Stanley, UBS and Wachovia.</content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-06-2">
<date>10/06/2008</date>
<title>Markit and Creditex Announce Final Results of Fannie Mae and Freddie Mac Credit Event Auctions</title>
<content><p><strong>New York, NY</strong> – Creditex and Markit, in partnership with 13 major credit derivative dealers, have successfully conducted four Credit Event Auctions to facilitate the settlement of credit derivative trades referencing Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”). The auctions were conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Fannie Mae and Freddie Mac CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> At 4:00 pm EST today, the final prices were determined as follows: </p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN: auto auto auto 72.9pt; BORDER-LEFT: medium none; WIDTH: 252.25pt; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="336" border="1"> <tbody> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><strong><font size="2">Credit Event Auction</font></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><strong><font size="2">Final Price</font></strong></div> </td> </tr> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">Fannie Mae Senior </font></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">91.51%</font></div> </td> </tr> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">Fannie Mae Subordinated </font></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">99.90%</font></div> </td> </tr> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">Freddie Mac Senior </font></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">94.00%</font></div> </td> </tr> <tr style="HEIGHT: 10.15pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">Freddie Mac Subordinated </font></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">98.00%</font></div> </td> </tr> </tbody> </table> </p> <p>Fannie Mae and Freddie Mac, shareholder-owned companies mandated by the US Congress to provide funding to the US housing market, were placed under a conservatorship by the US government on September 7, triggering credit events in credit default swap (CDS) contracts referencing the companies. The Credit Event Auctions enabled market participants to cash settle triggered contracts which included single name, index, bespoke tranche and other credit derivative transactions. <br /> <br /> During the Credit Event Auctions, dealers submitted orders electronically on the Creditex platform. The auction submissions were delivered to Markit electronically. Markit calculated and verified the results, and published them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> On October 10, Creditex and Markit will conduct a Credit Event Auction in relation to the settlement of CDS contracts referencing Lehman Brothers Holdings Inc. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers to facilitate the settlement of credit derivative contracts in the event of a corporate default. Credit Event Auctions have been held for Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Creditex <br /> </em>Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Creditex <br /> </strong>Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-09">
<date>10/09/2008</date>
<title>Markit to Improve Efficiency in Loan Market with New Identifiers</title>
<content><p><strong>London, New York, NY and Dallas, TX</strong> – Markit, a financial information services company, today announced plans to introduce a new, comprehensive loan identification system to enable straight-through-processing. The initiative will provide individual loan identifiers and a numbering system for loan market participants. <br /> <br /> Markit’s new universal set of identifiers for the syndicated loan market will improve accuracy and operational efficiency by ensuring that information transmitted is linked to the correct underlying loan and delivered to the right market participant. Markit’s identification system will connect existing disparate data and loan systems as well as other identifiers to ensure ease of adoption. <br /> <br /> At present, financial information is transmitted by fax, email or phone, resulting in operational inefficiency and high error rates. The new loan identifiers will provide coverage from the borrower down to the individual accruals, and will map to other commonly used identifiers in the market. The new participant identifiers will cover all loan entities including the funds that hold the loans. This effort builds on Markit’s extensive experience in managing industry standard identifiers such as Markit RED[1], Markit WSO Data[2] and Markit LoanX IDs[3]. <br /> <br /> Anthony R. Clemente, Chief Executive Officer of Canaras Capital Management, said: “Some of the previous innovations have already proven successful as seen in the progress made with Markit WSO Data and Markit WSO Fax. Having the correct data on the underlying loans definitely improves the overall decision-making for portfolio managers and traders.” <br /> <br /> Eric Rosen, Head of North American Credit Trading at JPMorgan, said: “The recent acquisition of J.P. Morgan FCS Corporation by Markit creates a unique and compelling opportunity to bring buy-side and sell-side initiatives together. As a result, Markit is best positioned to bring meaningful innovation to the loan market, with identifiers leading the way.” <br /> <br /> Armins Rusis, Executive Vice President and Global Co-Head of Fixed Income at Markit, said: “This marks an important step in our drive to improve efficiency, transparency and straight-through processing within the loan industry. With Markit’s leadership in other identification systems, coupled with strategic acquisitions and initiatives in the processing and trading space, we are uniquely positioned to drive real change within the loan market.” <br /> <br /> A primary set of identifiers will be available by the end of the year. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Tel: +44 20 7260 2094 <br /> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> <br /> About Markit <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p>-------------------------------------------------------------------------------- <br /> <br /> [1] Markit RED is the industry standard for reference entity and reference obligation identifiers used throughout the credit default swap market to reduce legal and operational risk in trading, documentation and trade settlement. <br /> <br /> <br /> <br /> [2] Markit WSO Data provides accurate referential and transactional leveraged loan information for straight-through-processing. <br /> <br /> <br /> <br /> [3] Markit LoanX IDs are unique identifiers of a particular loan tranche that facilitate swift valuation of syndicated loan portfolios. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-10">
<date>10/10/2008</date>
<title>Creditex and Markit Announce Final Results of Lehman Credit Event Auction</title>
<content><p class="MsoNormal" style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><a href="http://www.creditex.com/"></a><strong>New York, NY</strong> – Markit and Creditex, in partnership with 14 major credit derivative dealers, have successfully conducted a Credit Event Auction to facilitate the settlement of credit derivative trades referencing Lehman Brothers Holdings Inc., which filed for Chapter 11 bankruptcy protection on September 15, 2008. <br /> <br /> The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Lehman CDS Protocol. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> At 2:00 pm EST today, the final price for Lehman Brothers bonds was determined as follows: </span></p> <p class="MsoNormal" style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN: auto auto auto 72.9pt; BORDER-LEFT: medium none; WIDTH: 252.25pt; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="336" border="1"> <tbody> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><strong><font size="2">Credit Event Auction</font></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><strong><font size="2">Final Price</font></strong></div> </td> </tr> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="241"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">Lehman Brothers Holdings Inc.</font></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt; BACKGROUND-COLOR: transparent" nowrap="nowrap" width="95"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align="left"><font size="2">8.625%</font></div> </td> </tr> </tbody> </table> <br /> The Credit Event Auction enabled market participants to cash settle triggered contracts which included single name, index, bespoke tranche and other credit derivative transactions. During the Credit Event Auction, dealers submitted orders electronically on the Creditex platform. The auction submissions were delivered to Markit electronically. Markit calculated and verified the results, and published them on <a href="http://www.creditfixings.com">www.creditfixings.com.</a> <br /> <br /> On October 23, Markit and Creditex will conduct a Credit Event Auction to facilitate the settlement of CDS contracts referencing Washington Mutual Inc. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers to facilitate the settlement of credit derivative contracts in the event of a corporate default. Credit Event Auctions have been held to facilitate settlement of credit derivative trades referencing Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Markit</em> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> </span><span lang="EN" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-ansi-language: EN; mso-fareast-language: EN-GB"><o:p></o:p></span></p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-16">
<date>10/16/2008</date>
<title>Creditex and Markit Announce Successful Completion of Second North American CDS Portfolio Compression Run</title>
<content><strong>London and New York</strong> – Markit and Creditex today announced the successful completion of a second round of industrywide portfolio compression runs for the credit derivatives market in North America. <br /> <br /> Earlier today, live portfolio runs took place in North America for CDS contracts referencing several widely traded North American technology, media and telecommunications companies. It achieved a 54% gross notional reduction across all participating counterparties. Thirteen credit derivatives dealers participated in this run. <br /> <br /> Markit and Creditex were selected by the International Swaps and Derivatives Association (ISDA) to provide infrastructure to support commitments made by major market participants to the Federal Reserve Bank of New York relating to improved operational efficiency and risk reduction. <br /> <br /> The first North American compression run was held August 27 for widely traded telecommunications companies. Compression runs for CDS referencing European technology, media and telecommunications companies occurred on September 4 and September 11. <br /> <br /> “We are pleased to have successfully completed another portfolio compression run in North America with the participation of the largest dealers in the CDS market. As this initiative across sectors is rolled out globally, we will help the industry reduce risk and improve capital efficiency in the credit derivative markets,” said <strong>Kevin Gould, Executive Vice President and Global Head of Data Products and Analytics at Markit. <br /> </strong><br /> “The portfolio compression runs are a critical component in addressing operational issues highlighted by industry participants and regulators in recent months,” said <strong>Sunil Hirani, Creditex Chairman and CEO</strong>. “We are pleased that this platform is being well received by the dealer community and we will continue to work with the dealer community to help improve operational efficiency and market scalability.” <br /> <br /> The portfolio compression initiative is the second major industry effort on which Markit and Creditex have collaborated with ISDA and the major dealers to provide critical market infrastructure. The two companies are official co-administrators of ISDA cash settlement auctions which allow for efficient and orderly settlement of credit derivative contracts following a corporate default. The cash settlement auction mechanism was launched in 2005 and has since been relied upon in connection with 12 corporate defaults, most recently that of Lehman Brothers Holdings. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> A<strong>bout Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-20">
<date>10/20/2008</date>
<title>Markit Launches new iTraxx Europe Total Return Indices</title>
<content><p><strong>London and Frankfurt</strong> – Markit, a financial information services provider, today announced the launch of the Markit iTraxx Europe Financial Total Return indices.<br /> <br /> The new indices replicate the performance of a sample portfolio that buys or sells a Markit iTraxx CDS contract and invests the remaining notional amount in money market instruments. These indices have been designed to serve as a benchmark for institutional investors with debt positions in financial institutions. <br /> <br /> The Markit iTraxx Europe Financial Total Return indices are comprised of the following: </p> <ul> <li>Markit iTraxx Europe Senior Financials 5-Year Total Return Index </li> <li>Markit iTraxx Europe Subordinated Financials 5-Year Total Return Index </li> <li>Markit iTraxx Europe Senior Financials 5-Year Short Total Return Index, and </li> <li>Markit iTraxx Europe Subordinated Financials 5-Year Short Total Return Index. </li> </ul> <p>Markit has licensed Deutsche Bank to offer Exchange Traded Funds on these four new indices. Index levels will be published on <a href="http://www.indexco.com">www.indexco.com</a>. </p> <p>- Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> Caroline Lumley <br /> Vice President, Corporate Communications<br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a>. </p> <p><br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-23">
<date>10/23/2008</date>
<title>Markit and Creditex Announce Final Results of Washington Mutual Credit Event Auction</title>
<content><strong>New York, NY</strong> – Creditex and Markit, in partnership with 14 major credit derivative dealers, have successfully conducted a Credit Event Auction to facilitate the settlement of credit derivative trades referencing Washington Mutual Inc., which filed for Chapter 11 bankruptcy protection on September 26, 2008. <br /> <br /> The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Washington Mutual CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> At 2:00 pm EDT today, the final price for Washington Mutual bonds was determined as follows:<br /> <br /> <meta http-equiv="Content-Type" content="text/html; charset=utf-8" /> <meta content="Word.Document" name="ProgId" /> <meta content="Microsoft Word 11" name="Generator" /> <meta content="Microsoft Word 11" name="Originator" /> <link href="file:///C:%5CDOCUME%7E1%5CJOHN%7E1.DOO%5CLOCALS%7E1%5CTemp%5C19%5Cmsohtml1%5C01%5Cclip_filelist.xml" rel="File-List" /><!--[if gte mso 9]><xml> Normal 0 false false false MicrosoftInternetExplorer4 </xml><![endif]--><!--[if gte mso 9]><![endif]--><style type="text/css"> <!-- /* Font Definitions */ @font-face {"MS Mincho"; panose-1:2 2 6 9 4 2 5 8 3 4; mso-font-alt:"MS 明朝";} @font-face {"\@MS Mincho"; panose-1:2 2 6 9 4 2 5 8 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; font-size:11.5pt;"Times New Roman"; mso-fareast-"MS Mincho";} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {margin:0in; margin-bottom:.0001pt; text-align:justify; text-justify:inter-ideograph; line-height:150%; font-size:10.0pt; mso-fareast-"MS Mincho"; mso-bidi-"Times New Roman";} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; font-size:10.0pt;"Times New Roman"; mso-fareast-"Times New Roman";} table.MsoTableGrid {mso-style-name:"Table Grid"; border:solid windowtext 1.0pt; font-size:10.0pt;"Times New Roman";} </style> <![endif]--> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 72.9pt; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" height="37" cellspacing="0" cellpadding="0" width="360" border="1"> <tbody> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt" nowrap="nowrap" width="241"> <div style="MARGIN-BOTTOM: 0pt" align="left"><strong>Credit Event Auction</strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10pt" nowrap="nowrap" width="95"> <div style="MARGIN-BOTTOM: 0pt" align="left"><strong>Final Price</strong></div> </td> </tr> <tr style="HEIGHT: 10pt; page-break-inside: avoid"> <td style="BORDER-RIGHT: 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: medium none; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: 1pt solid; WIDTH: 180.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: 1pt solid; HEIGHT: 10pt" nowrap="nowrap" width="241"> <p style="MARGIN-BOTTOM: 0pt" align="left"><span>Washington Mutual Inc.</span></p> </td> <td style="BORDER-RIGHT: 1pt solid; PADDING-RIGHT: 5.75pt; BORDER-TOP: medium none; PADDING-LEFT: 5.75pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 71.5pt; PADDING-TOP: 0in; BORDER-BOTTOM: 1pt solid; HEIGHT: 10pt" nowrap="nowrap" width="95"> <div style="MARGIN-BOTTOM: 0pt" align="left">57%</div> </td> </tr> </tbody> </table> <p><br /> The Credit Event Auction enabled market participants to cash settle triggered contracts which included single name, index, bespoke tranche and other credit derivative transactions. During the Credit Event Auction, dealers submitted orders electronically on the Creditex platform. The auction submissions were delivered to Markit electronically. Markit calculated and verified the results, and published them on <a href="http://www.creditfixings.com">www.creditfixings.com</a> <br /> <br /> Between November 4 and November 6, Creditex and Markit will conduct the first-ever Credit Event Auctions in Europe to facilitate the settlement of CDS contracts referencing Landsbanki Íslands hf, Glitnir Banki hf and Kaupþing Banki hf.<br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers to facilitate the settlement of credit derivative contracts in the event of a corporate default. Credit Event Auctions have been held to facilitate settlement of credit derivative trades referencing Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura.<br /> <br /> <strong>- Ends -</strong><br /> <br /> For more information please contact:<br /> <br /> <em>Markit</em><br /> John Dooley<br /> Vice President, Corporate Communications<br /> Tel: +1 212 205 1310<br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex</em><br /> Annette Bronkesh<br /> Bronkesh Associates<br /> Tel: +1 973 778 8648<br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong><br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/10/2008-10-31">
<date>10/31/2008</date>
<title>Creditex and Markit Announce Successful Completion of Four North American and European CDS Portfolio Compression Cycles This Week</title>
<content><p><strong>London and New York</strong> – Markit and Creditex today announced the successful completion of four industrywide credit default swap (CDS) portfolio compression runs in North America and Europe during the week ended October 31, 2008. </p> <p>Compression runs were completed this week in North America for CDS contracts referencing consumer products companies and in Europe for CDS contracts referencing industrial, energy and utilities companies as well as European sovereigns. Compressions carried out across a total of 61 reference entities this week achieved a gross notional reduction of 44%, or $150 billion across all participating counterparties. <br /> <br /> This follows the successful completion of four compression runs during the week ended October 24, 2008 when $200 billion of gross notional value was compressed for CDS contracts referencing 62 North American and European companies. <br /> <br /> Portfolio compression is a process that reduces the overall size and the number of line items in credit derivative portfolios, without changing the risk parameters of the portfolios. This is achieved by terminating existing trades and replacing them with a smaller number of new replacement trades that carry the same risk profile and cash flows as the initial portfolio but require a smaller amount of regulatory capital to be held against the positions. Markit and Creditex run portfolio compression cycles on a regular basis to compress the most actively traded single name CDS contracts systematically across all major sectors. <br /> <br /> Markit and Creditex were selected by the International Swaps and Derivatives Association (ISDA) to provide infrastructure to support commitments made by major market participants to the Federal Reserve Bank of New York relating to improved operational efficiency and risk reduction. <br /> <br /> The first North American compression run was held on August 27, 2008 for widely traded telecommunications companies. Compression runs for CDS referencing European technology, media and telecommunications companies occurred on September 4, 2008 and September 11, 2008. Markit and Creditex have now conducted 13 compression runs since August 27, 2008, resulting in a total gross notional reduction in excess of $550 billion. </p> <p><strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p><strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-01">
<date>05/01/2008</date>
<title>Markit Appoints Charles Longden</title>
<content><p><strong>London</strong> – Markit, a leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced the appointment of Charles Longden as Managing Director in Fixed Income and Credit. <br /> <br /> Longden will focus on expanding the firm’s fixed income and credit businesses. He will also develop new products and services designed to bring greater transparency and liquidity to the fast-growing carbon markets. <br /> <br /> Longden joins Markit from ABN AMRO where he worked for 12 years, most recently as global head of credit trading and eco-markets. He was the chief architect of the iBoxx CDS Notes, the forerunner of the iTraxx CDS indices which Markit now owns. Prior to ABN AMRO, Longden worked in bond sales and trading at Royal Bank of Scotland. <br /> <br /> <strong>Kevin Gould, Executive Vice President and Head of Data Products and Analytics at Markit, commented:</strong> “We are delighted to have Charlie on board. He has played a significant role in the credit markets, notably in the index space, and we have worked with him closely for many years. Charlie’s experience in the eco-markets will also be a great asset to the firm as we develop our offering for this expanding asset class.” <br /> <br /> <strong>Charles Longden said:</strong> "Having been familiar with Markit for a number of years, I am very excited about this opportunity and look forward to contributing to the success and dynamic growth of this company." <br /> <br /> Longden, who will be based in London, will join Markit at the end of May. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 </p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>About Markit <br /> </strong><br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-02">
<date>05/02/2008</date>
<title>Markit Adds ABX.HE.PENAAA to Existing and Future ABX.HE Indices</title>
<content><p><strong>New York, NY</strong>- Markit, a leading provider of independent data, portfolio valuations and OTC derivatives trade processing and owner of the Markit ABX.HE index, today announced that a Penultimate AAA sub-index will be added to the existing and future series of the Markit ABX.HE indices. The new tranche, added by a majority vote of contributing dealers, will provide enhanced trading opportunities to institutional investors seeking exposure to an additional credit class. <br /> <br /> The new ABX.HE.PENAAA sub-index will reference AAA rated bonds that are second to last in principal distribution priority in the ABX.HE indices. The ABX.HE.PENAAA bonds will reference the same pools of assets as the bonds referenced in the ABX.HE.AAA indices. Markit ABX.HE is a synthetic index of U.S. home equity asset-backed securities. <br /> <br /> The launch of the new sub-indices for the existing Markit ABX.HE indices, 06-1, 06-2, 07-1 and 07-2, will take place in the second quarter of 2008. The first future index to include the ABX.HE.PENAAA will be the ABX.HE 08-1 index, scheduled to launch in July 2008. <br /> <br /> The Markit ABX.HE 07-2 remains the on-the-run series until the July roll. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 (0)20 7260 2151 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-02-2">
<date>05/02/2008</date>
<title>Liquidnet Europe Selects Markit BOAT</title>
<content><p><strong>London</strong> – Markit, a leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that Liquidnet Europe Limited (“Liquidnet Europe”), one of Europe’s largest ‘dark pools’ of liquidity and TradeTech European Award winner for Best Overall Execution Venue, has chosen Markit BOAT as its preferred trade reporting platform. Liquidnet Europe is the third Multilateral Trading Facility (MTF) to join Markit BOAT since its launch on 1 November 2007. <br /> <br /> Under MiFID, MTFs are required to report all trades that take place on their platforms. Liquidnet Europe will use Markit BOAT to report all the trades in European equities it executes from 5 May this year. <br /> <br /> Will Meldrum, Managing Director and Head of Markit BOAT at Markit, said: “Liquidnet is a major player in the European OTC equity markets and we are delighted that they have joined the Markit BOAT platform. This will further consolidate our position as the leading trade reporting venue for the OTC equity markets.” <br /> <br /> John Barker, Managing Director at Liquidnet Europe, said: “Markit BOAT has a robust technology infrastructure and an attractive commercial model, which are key attributes we look for in any of our business relationships. Just like Liquidnet, Markit BOAT was built to bring a cheaper and more efficient service to the industry. It therefore made sense from both an operational and business perspective to use Markit BOAT’s trade reporting service.” <br /> <br /> Liquidnet Europe is a buy-side only crossing network that provides its members with access to 21 European equity markets, as well as LSE-listed GDRs (Reg-S). Last year, principal volumes on Liquidnet Europe increased by over 100 percent for the fourth consecutive year and the company reported a strong fourth quarter with principal volumes totalling £12.1 billion, up 174 percent from the same period in 2006. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>Jim Gorman <br /> Marketing & Communications <br /> Liquidnet <br /> Tel: +1 646 674-2145 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About Liquidnet Europe</strong> <br /> Liquidnet is one of Europe’s - and the world’s - largest independent dark pools of liquidity. Launched in 2001, Liquidnet now offers its buy-side-only Members the ability to trade in 29 global equity markets, plus GDRs (Reg-S, LSE-listed) that provide access to an additional 26 markets. Liquidnet is headquartered in New York with offices in London, Toronto, Tokyo, Hong Kong, and Sydney. Since its inception, Liquidnet’s main objective has been to bring the buy-side as much liquidity as possible, whilst providing the most secure and efficient environment in which to trade. <br /> <br /> For more information, see <a href="http://www.liquidnet.com">www.liquidnet.com</a> </p> <p><br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-08">
<date>05/08/2008</date>
<title>Markit Launches Documentation Library</title>
<content><p><strong>London</strong> – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced it has launched Markit Document Exchange, a documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. <br /> <br /> The new service allows buy-side and sell-side institutions to comply with regulatory requirements and industry best practice relating to compliance, credit and regulatory documentation. By automating Know Your Client (KYC), Anti-Money Laundering (AML) and Compliance Certification processes, Markit Document Exchange will reduce the risks associated with these documentation requirements and bring operational efficiency and cost savings to the process. <br /> <br /> <strong>Penny Davenport, Managing Director and Head of Markit Document Exchange said:</strong> “Quick access to counterparty information is crucial from a regulatory and compliance standpoint as well as a business point of view. Markit Document Exchange simplifies the information management process for both the sell-side and the buy-side. We are pleased to provide an industry solution that will bring efficiency and cost savings to all types of market participants.” <br /> <br /> <strong>Edward Budd, Director at Deutsche Bank said:</strong> “'We view Markit Document Exchange as a strategic vehicle that will significantly increase overall market efficiency in the exchange of regulatory, credit and compliance related documentation. This should have tangible benefits for both buy and sell-side participants.'” <br /> <br /> <strong>Gretchen Markel, Executive Director at JPMorgan said:</strong> “Markit Document Exchange is being placed at the heart of our onboarding processes and we expect it to have a major positive impact on the customer experience we provide to our clients.” <br /> <br /> <strong>Tracey Jordal, Senior Vice President at PIMCO said:</strong> “Markit Document Exchange provides a simple method of sharing documentation with our counterparties. Integrating Document Exchange into our daily workflow has streamlined our processes and controls, allowing us to focus on our core business.” </p> <p>Markit Document Exchange launches with the support of five global investment banks and two leading buy-side institutions: Bank of America, Citi, Deutsche Bank, JPMorgan, the combined ABN AMRO / RBS, Eton Park Capital Management and PIMCO. <br /> <br /> Currently, the process of gathering documentation for regulatory, credit and compliance purposes is labour-intensive. Institutional investors need to provide numerous documents to each bank counterparty. In addition, once the documents have been delivered, they need to be periodically re-certified to ensure they are up-to-date. Sell-side institutions duplicate efforts when gathering information and documentation relating to institutional investor counterparties. <br /> <br /> Markit Document Exchange streamlines the process across the entire industry. The new platform will act as a central repository for buy-side documents, reducing the need to provide and update documentation, and thus the potential for error. Markit Document Exchange will also provide the sell-side with a single source of up-to-date documentation, allowing for quick access to accurate counterparty information. <br /> <br /> <strong>-Ends-</strong> <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-13">
<date>05/13/2008</date>
<title>Markit to Add PENAAA Tranche to ABX.HE Indices on May 14</title>
<content><p><strong>New York, NY</strong>- Markit, a leading provider of independent data, portfolio valuations and OTC derivatives trade processing and owner of the Markit ABX.HE index, today announced that the Penultimate AAA sub-index will be added to the Markit ABX.HE indices on May 14. Markit ABX.HE is a synthetic index of U.S. home equity asset-backed securities. </p> <p>The new tranche will provide enhanced trading opportunities to institutional investors seeking exposure to an additional credit class. Its inclusion was decided following a majority vote of contributing dealers. </p> <p>The ABX.HE.PENAAA sub-index will reference AAA rated bonds that are second to last in principal distribution priority in the ABX.HE indices. The new tranche will reference the same pools of assets as the bonds referenced in the ABX.HE.AAA indices. </p> <p>The new sub-index will be added to the existing Markit ABX.HE indices, 06-1, 06-2, 07-1 and 07-2, as well as to future indices. The Markit ABX.HE 07-2 index will remain the on-the-run series until the next index roll which is scheduled for July this year. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: 646-257-2722 <br /> Email: [email protected] <br /> <br /> <strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-19">
<date>05/19/2008</date>
<title>Markit Announces New RED Licence for Buy-Side</title>
<content><p><strong>London and New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced a new freely available licence for the Markit Reference Entity Database (RED), aimed at smaller buy-side firms. <br /> <br /> Under the terms of the new licence, asset managers with light credit default swap (CDS) trading volumes that use DTCC* Deriv/SERV for trade confirmation will gain access to market best practice in CDS trade processing. <br /> <br /> Markit RED is the industry standard for reference entity and reference obligation identifiers used throughout the CDS market to reduce legal and operational risk in trading, documentation and trade settlement. The service uses legal representatives in over 100 countries to source and scrutinise all relevant documentation to provide subscribers with a complete understanding of each entity. <br /> <br /> This initiative aims to support the commitments made by the Operations Management Group (OMG) to the New York Fed in March this year, and reinforces Markit’s commitment to bring greater operational efficiency to the OTC derivative markets. The OMG, which represents the major market participants, has pledged to improve OTC derivative trade processing by taking steps such as the universal use of standard reference data. <br /> <br /> "Markit RED plays a critical role in the CDS markets. The service is used by all major market makers and the vast majority of large buy-side firms, and we are keen to encourage the broad buy-side community to adopt RED. We recognize that one size doesn’t fit all and have now developed a new licence for the smaller firms. This will allow them to operate consistently with the rest of the market, and will help the industry achieve the commitments made to the Fed in March this year,” <strong>said Ed Chidsey, Director of Markit RED. <br /> </strong><br /> <strong>- Ends -</strong> <br /> <br /> *DTCC: The Depository Trust & Clearing Corporation<br /> <br /> <strong>For more information please contact: <br /> </strong><br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44-20-7260-2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1-212-931-4900 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-21">
<date>05/21/2008</date>
<title>Markit Announces Roll of CMBX Indices</title>
<content><p><strong>New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing and owner of the Markit CMBX, today announced that the Markit CMBX index will roll into its fifth series on May 22, 2008.</p> <p>The Markit CMBX is a synthetic family of indices based on U.S. commercial mortgage-backed securities (CMBS) which provides investors with liquid, transparent exposure to CMBS of a unique vintage. Each CMBX index references a basket of 25 of the most recently issued CMBS deals. </p> <p>The Markit CMBX Series 5 index has seven index tranches containing bonds rated AAA, AJ, AA, A, BBB, BBB- and BB, respectively. Ratings are required from at least two of the following rating agencies: Moody's Investors Service, Fitch Ratings and Standard & Poor's. </p> <p>The CMBS reference obligations are selected using the following requirements: deals must have a minimum size of $700 million; they must be secured by at least 50 separate mortgages that are obligations of at least 10 unaffiliated borrowers; no more than 40% of the underlying mortgages can be secured by properties in the same state; and no more than 60% of the properties can be of the same property type. Additional details such as a complete list of reference obligations, coupons and index RED codes are freely available at <a href="http://www.markit.com">www.markit.com</a>. </p> <p>Markit owns the Markit CMBX, performs all associated functions including administration, calculation and marketing, and is the central source of information about the index. Responsible for the index’s rules, operations and analytics, Markit publishes daily spreads on its website, provides monthly fixed and floating payment amounts and supplies a calculator for the settlement of trades. Markit CMBX is based on the standard ISDA Pay-As-You-Go template. </p> <p>Licensed dealers of the Markit CMBX include: Bank of America, Barclays, Bear Stearns, Calyon, Citi, Countrywide, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nomura International, RBS Greenwich Capital, UBS and Wachovia. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 931 4900 <br /> Email: [email protected] <br /> <br /> <strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About Markit Indices <br /> </strong>Markit owns and manages the pre-eminent credit derivative indices including Markit ABX, Markit CDX, Markit CMBX, Markit LCDX and Markit iTraxx. Markit acts as administration, calculation and marketing agent for the indices but is not party to index trading and does not track trading volumes. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/05/2008-05-27">
<date>05/27/2008</date>
<title>Markit Completes Acquisition of SwapsWire</title>
<content><p><strong>London and New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and Over-The-Counter (OTC) derivatives trade processing, today announced that it has completed the acquisition of SwapsWire, the electronic trade confirmation network for the OTC derivative markets. Markit expects to complete the full integration of the company by July this year. <br /> <br /> According to data from the latest Markit Metrics report, trade confirmation backlogs in credit derivatives stabilised in the first quarter this year to approximately 6,000 trades per dealer per month relative to average monthly trading volumes of 25,000 trades per dealer. However, with OTC derivative markets continuing to grow at a rapid pace, market infrastructure will remain a key concern among regulators. <br /> <br /> <strong>Jeff Gooch, Executive Vice President, Co-Head of Trade Processing and Head of Valuations at Markit, said:</strong> “The combination of the Markit and SwapsWire trade processing platforms gives us critical mass and a global network at a time of increased consolidation in the vendor market. As the industry focuses on cost reduction and improved risk management, the efficiency and scalability of the SwapsWire platform will become even more valuable.” <br /> <br /> <strong>Chip Carver, Executive Vice President and Co-Head of Trade Processing at Markit, said:</strong> “We are enjoying record growth driven by increases in adoption of the platform and growth in trading volumes across the industry. By bringing SwapsWire and Markit together, we are able to offer market participants the powerful tools they need to overcome operational challenges.” <br /> <br /> The integrated Markit Trade Processing (MTP) services have been re-branded as follows with immediate effect: <br /> • Markit Trade Manager (previously MTP) provides comprehensive cross-asset class trade workflow and reporting services for buy-side clients, including links to Markit Wire and DTCC Deriv/SERV <br /> • Markit Tie Out, which forms part of Markit Trade Manager, allows buy-side and sell-side firms to affirm the key economics of trades on trade date <br /> • Markit Wire (previously SwapsWire) is a trade date legal confirmation service with real time messaging and trade resolution <br /> • Markit PBWire is a widely used trade acceptance service for prime brokers and their counterparts <br /> • Markit PortRec is an award-winning portfolio reconciliation service. <br /> <br /> The addition of SwapsWire’s workforce brings Markit’s global headcount to over 650 employees. Chip Carver, SwapsWire’s Chief Executive, will join Markit’s executive team as co-head of MTP, based in New York. Jeff Gooch, co-head of MTP, is based in London. <br /> <br /> Markit acquired SwapsWire from Bank of America, The Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank, Bayerische Hypo-und Vereinsbank, BNP Paribas, Calyon, Citi, CDC Ixis Capital Markets, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC Bank Plc, J.P. Morgan Chase & Co., Lehman Brothers, Merrill Lynch, Mizuho Capital Markets, Morgan Stanley, The Royal Bank of Scotland, Societe Generale, Sumitomo Mitsui Banking Corporation, and UBS Investment Bank. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit Group Limited (“Markit”) is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-02">
<date>07/02/2008</date>
<title>Markit and Creditex Announce Launch of Innovative Trade Compression Platform to Reduce Operational Risk in CDS Market</title>
<content><p><strong>London and New York, NY</strong> – Creditex and Markit today announced a joint initiative to launch an industry-wide portfolio compression platform for the credit derivative market. This process is the first of its kind and represents a significant improvement over previous tear-up processes. The platform supports commitments made by major market participants to the Federal Reserve Bank of New York relating to improved operational efficiency and risk reduction. <br /> <br /> Developed in response to a request by the International Swaps and Derivatives Association (ISDA) on behalf of major credit derivative dealers, the platform will reduce operational risk and improve capital efficiency by reducing the number of trades and the gross notional outstanding value of single-name credit default swaps (CDS) held by dealers. This will be achieved through a multi-lateral portfolio “compression” or “tear-up” process that is scheduled to launch in the third quarter of 2008. <br /> <br /> The new compression approach improves on previous tear-up processes by delivering significantly better compression results while leaving market risk profiles unchanged. The process involves terminating existing trades and replacing them with a far fewer number of new “replacement trades” which have the same risk profile and cash flows as the initial portfolio, but with less capital exposure. The initiative, available to both the U.S. and European CDS markets, will be managed jointly by Creditex and Markit and has the support of 13 major CDS market participants. <br /> <br /> Sunil Hirani, Chief Executive Officer of Creditex, said: “We are pleased to be a part of a collaborative effort with Markit and major industry participants to strengthen the CDS market infrastructure. We believe this foundational effort will bring immediate and longer-term benefits to the CDS market as highlighted and called for by market participants and regulators.” <br /> <br /> Kevin Gould, Executive Vice President and Head of Data Products and Analytics at Markit, said: “This initiative will significantly reduce operational risk within the CDS market and the solution leverages the individual strengths of both Creditex and Markit. We expect the process to be run regularly and as such it is likely to become an integral part of the market infrastructure.” <br /> <br /> The compression initiative is the second major industry effort on which Creditex and Markit have collaborated with ISDA and the major dealers to provide critical market infrastructure. The two companies are official co-administrators of ISDA cash settlement auctions which allow for efficient and orderly settlement of credit derivative contracts following a corporate default. The cash settlement auction mechanism was launched in 2005 and has since been relied upon in connection with nine major corporate defaults, most recently that of Quebecor World Inc. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Creditex <br /> Annette Bronkesh<br /> Bronkesh Associates<br /> Tel: +1 973 778 8648 <br /> Email: [email protected] <br /> <br /> Markit <br /> Teresa Chick<br /> Managing Director, Corporate Communications<br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> John Dooley<br /> Vice President, Corporate Communications<br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p><strong>About Creditex <br /> </strong>Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. On June 3, Creditex agreed to be purchased by IntercontinentalExchange, Inc. (ICE). Upon the closing of the transaction, which is expected during late third quarter 2008, Creditex Group will be a wholly-owned subsidiary of ICE, operating under the Creditex name. <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a></p> <p><strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></p> <p> <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-01">
<date>07/01/2008</date>
<title>Banks Use Markit CDS Data as New Corporate Loan Benchmark</title>
<content><p><strong>London and New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced that it has provided benchmark pricing for investment grade corporate loans arranged by two of the world’s biggest banks. <br /> <br /> JPMorgan and Citi have used Markit’s CDS data to provide a new Market Based Pricing (MBP) for revolving credit facilities arranged for corporate borrowers. MBP is a reference spread over LIBOR and represents a departure from the traditional method of pricing such transactions which establishes a set spread over LIBOR at transaction launch that may not reflect market-based spreads if and when the borrower decides to draw down on the facility. <br /> <br /> Evan Zebooker, Director at Markit, said: “We are delighted to have worked with JPMorgan and Citi to launch the first of these innovative Market Based Pricing deals, and we are working with other key industry players to establish this pricing method as a market standard.” <br /> <br /> Thomas Cassin, Head of High Grade Loan Capital Markets at JPMorgan, said: “We developed the Market Based Pricing structure in order to meet our clients’ needs for liquidity in the bank market, while ensuring that lenders are compensated at market-based rates for the capital employed.” <br /> <br /> Steven Victorin, Head of Global Loans - Europe and North America at Citi, said: “Today's bank loan investors evaluate a number of market factors and criteria when determining whether to participate in syndicated loan facilities, and at what amount. Market Based Pricing is our approach to providing a mirror to the market to establish a market-driven price, which ensures corporate issuers have continued access to significant levels of capital throughout market cycles.” <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p><strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></p> <p> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-17">
<date>07/17/2008</date>
<title>Markit Voted Data Vendor of the Year</title>
<content><p><strong>London </strong>- Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing to the global financial markets, today announced that it was voted Data Vendor of the Year at the 2008 Global Investor Awards. <br /> <br /> The accolade recognises data vendors that have made a significant contribution to the buy-side community thanks to the quality of their financial information services. The panel of judges was comprised of Global Investor’s editorial team who consulted independent third parties. <br /> <br /> Global Investor noted that Markit has established itself as a leading player in the OTC markets, setting industry standards in independent pricing, portfolio valuations and trade processing across asset classes. The panel highlighted the role played by the Markit indices in the credit markets as well as the work the company has undertaken to increase the efficiency of the matching, confirmation and settlement processes within the trade life cycle. <br /> <br /> Caroline Allen, Editor of Global Investor, said: “The work Markit is doing to promote understanding, transparency and efficiency on the buy-side was considered extremely valuable. The importance of reliable, up-to-date data and data systems has never been greater.” <br /> <br /> Mike Rushmore, Executive Vice President, Sales and Marketing at Markit, said: “We are delighted that our contribution to the industry has been acknowledged by Global Investor with this award. With a number of services specifically designed for the buy-side, Markit now has more than 1,000 buy-side institutions using our services to manage risk, enhance trading activities and improve operational efficiency.” <br /> <br /> Global Investor is a monthly magazine dedicated to the international investment community. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-21">
<date>07/21/2008</date>
<title>DTCC and Markit To Form Strategic OTC Derivatives Partnership</title>
<content><p><strong>London and New York, NY</strong> – Markit and The Depository Trust & Clearing Corporation (DTCC) today announced the formation of a new company that will combine the strengths of Markit’s front- and middle-office trade processing services with DTCC Deriv/SERV’s back-office leadership in post-trade confirmation and matching services. <br /> <br /> In response to customer demand for a more secure, reliable and streamlined operational environment, the new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional services provided by Markit and DTCC through a common portal. <br /> <br /> The new company will comprise Markit’s recently acquired Markit Wire platform (formerly SwapsWire) as well as its other trade processing services such as Markit Trade Manager, Markit Tie Out, and Markit PortRec. DTCC will contribute its Deriv/SERV matching and confirmation engine, and its AffirmXpress, MCA Xpress and Novation Consent services. Additional services that will not become part of the new company include Markit’s data and valuation services and DTCC’s downstream Trade Information Warehouse, centralised settlement and payment netting services. <br /> <br /> This initiative should accelerate the adoption of electronic processing solutions across the rapidly growing, $454 trillion, OTC derivative market where approximately 50% of transactions are still confirmed on paper. The new company will be quicker to market, provide better client solutions and rationalise infrastructure. <br /> <br /> “Both DTCC and Markit have been instrumental in the OTC derivative community’s efforts to strengthen the operational infrastructure of this dynamic market,” <strong>said Eraj Shirvani, chairman of the International Swaps & Derivatives Association (ISDA®) and managing director and co-head of European Credit at Credit Suisse.</strong> “This alliance is a groundbreaking combination that reaches across borders and asset classes to provide a service that will help a wide range of market participants achieve greater certainty in their transaction processing.” <br /> <br /> The new company will be jointly owned by DTCC and Markit, and will be governed by an 11-member board of directors . Michael Bodson, executive managing director for DTCC’s business management and strategy overseeing all DTCC business lines, will be chairman of the new company. Jeff Gooch, executive vice president of Markit, will be the new company’s chief executive officer. <br /> <br /> “Since launching Deriv/SERV’s matching and confirmation service in late 2003, DTCC has been committed to helping the OTC derivatives community automate transaction processing and build a robust infrastructure in this rapidly growing market. This important new strategic partnership with Markit reflects our ongoing strategy of aligning with other key service providers as a way to help the industry meet its goals and to better serve our customers,” <strong>said Michael Bodson.</strong> <br /> <br /> “By combining the individual strengths of Markit’s trade processing services and DTCC’s Deriv/SERV, we are taking a major step forward in addressing the calls from global regulators and customers for a fully integrated system for processing OTC derivatives. We believe the time is right for consolidation around a combined framework to address the challenges of rapid growth, operational risk and high costs in the OTC derivative markets,” <strong>said Lance Uggla, chief executive officer of Markit</strong>. <br /> <br /> In addition to facilitating greater industry adoption of electronic confirmation, the new company will offer automated trade affirmation, trade allocation and novation consent solutions to the market on a cross-product basis. It will initially support both DTCC’s and Markit’s confirmation platforms. <br /> <br /> The new company will be headquartered in London, with a second major centre of operations in New York City, and representative offices in Europe and Asia. The combined business will have over 1,100 financial institutions as customers, and annual transaction volumes of over 7 million across the OTC interest rate, credit and equity derivative markets. <br /> <br /> The DTCC-Markit agreement will become effective following completion of due diligence, regulatory filings and approval by relevant global regulators, including those in the U.K. and U.S. The name of the new company will be announced at a later date. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information, please contact:</strong> <br /> <br /> Markit <br /> Teresa Chick <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p>Caroline Lumley <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p>John Dooley <br /> Tel: + 1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p>DTCC <br /> Stuart Goldstein <br /> Tel: + 1 212.855.5470 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p>Judith Inosanto <br /> Tel: +1 646 479 3519 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p><strong>Notes to Editors:</strong> <br /> <br /> <strong>Biographies and photos</strong> <br /> Please click on the link below for Michael Bodson’s biography and photo: <br /> http://www.dtcc.com/about/governance/bio_bodson.php <br /> <br /> Please click on the link below for Jeff Gooch’s biography: http://www.markit.com/information/ab...eff_gooch.html <br /> Photos available on request. <br /> <br /> <strong>About the new company</strong> <br /> The new company will comprise Markit’s recently acquired Markit Wire platform (formerly SwapsWire) as well its other trade processing services such as Markit Trade Manager, Markit Tie Out, and Markit PortRec. DTCC will contribute its Deriv/SERV matching and confirmation engine, and its AffirmXpress, MCA Xpress and Novation Consent services. <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 700 employees in Europe, North America and Asia. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see www.markit.com <br /> <br /> <strong>Markit Trade Processing</strong> <br /> Markit Trade Processing (MTP) is an electronic, cross-asset class solution for OTC derivative post-trade processing, including affirmations, confirmations and portfolio reconciliation. MTP provides both buy-side and sell-side firms with the ability to increase counterparty transparency, reduce risk, and streamline post-trade operations. <br /> <br /> <strong>About DTCC <br /> </strong>The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC’s depository provides custody and asset servicing for 3.5 million securities issues from the United States and 110 other countries and territories, valued at $40 trillion. Last year, DTCC settled more than $1.86 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com. <br /> <br /> <strong>DTCC Deriv/SERV</strong> <br /> DTCC is a an industry owned organization. It formed a new OTC derivatives subsidiary, DTCC Deriv/SERV LLC, that became operational in June 2003, initially to match and confirm trades in credit derivatives. DTCC Deriv/SERV processed over 5.8 million transactions last year for 25 global dealers and more than 1,100 buy side customers. It has also expanded its support to other OTC instruments. <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-28">
<date>07/28/2008</date>
<title>Markit Expands Loan Business Through Acquisition of FCS from JPMorgan</title>
<content><p><strong>London, New York, NY and Dallas, TX</strong> - Markit, the financial information services company, and JPMorgan today announced that they have agreed to terms under which Markit will acquire J.P. Morgan FCS Corporation (“FCS”). FCS is the leading provider of portfolio and risk management software and services to syndicated loan market participants, including the Wall Street Office family of products. <br /> <br /> The combination of FCS and Markit brings together highly complementary data and software services. The combined entity will be the leading provider of independent loan market data and software, currently used by over 400 financial institutions to manage over $1 trillion in assets. This will reinforce Markit’s position in the global credit markets, and enable the firm to develop and deliver innovative solutions to improve operational efficiency and transparency in the loan markets. <br /> <br /> Lance Uggla, Chief Executive Officer of Markit, said: “Both FCS and Markit have long and proven track records of building critical infrastructure to support the global loan market, including software and pricing. By bringing together these complementary businesses, our syndicated loan platform will have over 350 loan market specialists, more than 400 institutional relationships and a shared vision for the future of the loan market. This is an exciting development for our employees and customers alike.” <br /> <br /> Conrad Kozak, Managing Director and CEO of JPMorgan Investor Services, said: “FCS is an industry leader that has offered key solutions to our clients for many years, and Markit is a service provider that we have worked with extensively and positively. The combination of these two businesses makes sense and creates a strong market player. Meanwhile, JPMorgan will continue to be a leading provider of a comprehensive set of alternative investment and fund administration services to asset managers, hedge funds and private equity funds globally.” <br /> <br /> Mark Murray, President of FCS, said: “Our team is focused on innovation and solutions for our clients and the broader leveraged loan market. Wall Street Office software and connectivity with investors, combined with the infrastructure and experience of Markit in the loans space, will allow us to develop new solutions to drive efficiency and facilitate straight-through processing.” <br /> <br /> FCS has core operations and an experienced management team based in Dallas, Texas that will join Markit’s management team. Mark Murray, President of FCS, will be appointed Executive Vice President at Markit. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> <strong>Markit</strong> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: [email protected] <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Tel: +44 20 7260 2094 <br /> Email: [email protected] <br /> <br /> <strong>JPMorgan</strong> <br /> Pam Snook <br /> Vice President, Media Relations <br /> Tel: +1 212 552 7195 <br /> Email: [email protected] <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 700 employees in Europe, North America and Asia. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a></p> <p><strong>About FCS</strong> <br /> J.P. Morgan FCS Corporation is the industry leader in leveraged loan and high-yield solutions. This includes providing comprehensive products and services for portfolio management, administration, reporting, and analysis. <br /> <br /> <strong>About JPMorgan Investor Services <br /> </strong>JPMorgan Investor Services is a premier asset servicing provider that helps institutional investors and alternative asset managers optimize efficiency, mitigate risk and enhance revenue. Part of JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., Investor Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $15.5 trillion in assets under custody and $4.7 trillion in assets under administration. For more information, go to <a href="http://www.jpmorgan.com/visit/is">www.jpmorgan.com/visit/is</a> </p> <p><strong>About JPMorgan Chase</strong> <br /> JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.8 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at <a href="http://www.jpmorganchase.com">www.jpmorganchase.com</a></p> <p> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/07/2008-07-29">
<date>07/29/2008</date>
<title>Markit Appoints Morgan Stanley Credit Head</title>
<content><p><strong>London and New York, NY</strong> – Markit, a financial information services company, today announced that Armins Rusis will join its executive team. <br /> <br /> Rusis will join Markit’s New York office as an Executive Vice President and Global Co-Head of Fixed Income, sharing responsibility for the firm’s data and analytics products with Kevin Gould, Executive Vice President and a founder of Markit. <br /> <br /> Rusis worked at Morgan Stanley for 17 years, most recently as Managing Director and Head of U.S. Credit Trading and Global Head of Securitized and Structured Credit Trading. He was a member of the Morgan Stanley European management committee as well as the firm’s fixed income operating committee. Rusis also served as the Morgan Stanley Board Director of Markit for three years. Rusis holds a B.A. in Economics and Accounting from the Wharton School of the University of Pennsylvania and a M.S. from the Sloan School at the Massachusetts Institute of Technology. <br /> <br /> <strong>Kevin Gould, Executive Vice President of Markit, said:</strong> “The appointment of Armins to the Markit executive team will significantly strengthen our ability to develop solutions for the market, and demonstrates our commitment to employ people of the highest calibre. Simply put, his enthusiasm, drive, deep experience and knowledge will help us position the company for the next stage of our growth.” <br /> <br /> <strong>Armins Rusis said:</strong> “Markit is a company I know very well, having served as a board member for several years. I have always been impressed with Markit’s dynamic growth and entrepreneurial culture, and I am looking forward to joining the firm. Kevin and I have some very exciting plans to develop new products and services that will help support the continued growth of the OTC markets worldwide.” <br /> <br /> <strong>- Ends - <br /> </strong><br /> <strong>For further information, please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44 20 7260 2094 <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 700 employees in Europe, North America and Asia. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p><br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-14">
<date>03/14/2008</date>
<title>Markit Announces Roll of Markit iTraxx LevX</title>
<content><p><strong>London and New York</strong> – Markit today announced that the Markit iTraxx LevX (“LevX”), a synthetic index referencing the most liquid names in the European leveraged loan market, will roll into its second series on 17 March 2008. <br /> <br /> Markit is the owner of LevX, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> LevX Series 2 comprises a larger basket of credits than Series 1, with a Senior Index of 75 Loan Credit Default Swaps (LCDS) referencing 1st lien leveraged loans, and a Subordinated Index of 45 LCDS referencing 2nd and 3rd lien loans. <br /> <br /> The new series has been restructured in consultation with leading LCDS market makers and the International Swaps and Derivatives Association (ISDA) to make the index more attractive to dealers and investors. Changes include simplifying the LevX documentation and moving from cancellable to non-cancellable contracts. <br /> <br /> In the event of a refinancing, instead of dropping out of the index, constituent loan contracts will now be replaced by their successors. The index annex will remain unchanged unless there is a cancellation or credit event in which case a new index annex version will be published. This means that trade durations will no longer be affected by refinancing events and the limited number of new index annex versions will improve operational efficiency. <br /> <br /> The LevX move to non-cancellable contracts is supported by Markit RED (Reference Entity Database) which provides verified loan reference data to enable counterparties to document and confirm LCDS transactions. The composition of the underlying index portfolio is drawn from Markit RED, and refinancing and cancellation notifications will be made available to subscribers in accordance with the Markit RED Continuity Procedures for European LCDS. <br /> <br /> Stephan Flagel, Managing Director and Head of Indices at Markit, said: “The Markit LevX Series 2 is more representative of the broad European leveraged loan markets and we expect this to boost liquidity in both the cash and synthetic markets. The new series also marks a milestone in its move to non-cancellable contracts which will make the index simpler to trade, and brings it closer to its North American sibling, the Markit LCDX.” <br /> <br /> The LevX Licensed Market Maker Group includes the following: Bank of America, Barclays Capital; Bear Stearns; BNP Paribas; Calyon; Credit Suisse; Deutsche Bank; Dresdner Kleinwort, Goldman Sachs; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; RBS; and UBS. <br /> <br /> LevX was launched in October 2006 by International Index Company which was acquired by Markit in November 2007. </p> <p>- Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors</strong><br /> <br /> <strong>Key differences between Markit iTraxx LevX Series 1 and Series 2 <br /> </strong><br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit iTraxx LevX Series 1</span></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit iTraxx LevX Series 2</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Senior Index - 35 equally-weighted LCDS for 1st Lien</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Senior Index - 75 equally-weighted LCDS for 1st Lien</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Subordinated Index - 35 equally-weighted LCDS for 2nd/3rd Lien</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Subordinated Index - 45 equally-weighted LCDS for 2nd/3rd Lien</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Cancellable</span><span style="FONT-SIZE: 10pt"> contracts</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Non</span><span style="FONT-SIZE: 10pt">-cancellable</span><span style="FONT-SIZE: 10pt"> contracts</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Has not rolled since launch.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Semi-annual rolls, quarterly coupon payments with a 5-year maturity.</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> </tbody> </table> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-18">
<date>03/18/2008</date>
<title>Markit Announces LevX Volumes on First Day of Trading</title>
<content><p><strong>London and New York</strong> – Markit today announced that the Markit iTraxx LevX (“LevX”), which rolled into its second series on 17 March 2008, traded more than EUR 2.8 billion on its first day of trading. These estimated volumes are based on a desk-by-desk survey of market makers conducted by Markit at close of business yesterday. <br /> <br /> The LevX is a synthetic index referencing the most liquid names in the European leveraged loan market. Index constituents are listed on: <a href="http://www.markit.com/information/products/category/indices/credit_index_annexes.html">www.markit.com/information/products/category/indices/credit_index_annexes.html</a>. Closing prices are freely available on Markit’s website on: <a href="http://www.markit.com/information/products/category/indices/levx.html">www.markit.com/information/products/category/indices/levx.html</a>. </p> <p>Markit is the owner of the LevX, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong></p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <em>Key differences between Markit iTraxx LevX Series 1 and Series 2 </em><br /> <br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit iTraxx LevX Series 1</span></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit iTraxx LevX Series 2</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Senior Index - 35 equally-weighted LCDS for 1st Lien</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Senior Index - 75 equally-weighted LCDS for 1st Lien</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Subordinated Index - 35 equally-weighted LCDS for 2nd/3rd Lien</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Subordinated Index - 45 equally-weighted LCDS for 2nd/3rd Lien</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Cancellable</span><span style="FONT-SIZE: 10pt"> contracts</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Non</span><span style="FONT-SIZE: 10pt">-cancellable</span><span style="FONT-SIZE: 10pt"> contracts</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Has not rolled since launch.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 213.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="284"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Semi-annual rolls, quarterly coupon payments with a 5-year maturity.</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> </tbody> </table> <br /> <em>About Markit </em><br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-19">
<date>03/19/2008</date>
<title>Markit Announces Roll of the Markit iTraxx Asia Indices</title>
<content><p><strong>London </strong>– Markit today announced that the Markit iTraxx Asia indices will roll into their ninth series on 20 March and 21 March 2008. Markit is the owner of the Markit iTraxx indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> Markit iTraxx Asia, a family of synthetic indices referencing the most liquid names in the Asian bond markets, will roll as follows: <br /> • Markit iTraxx Asia ex-Japan HY - 20 March 2008 <br /> • Markit iTraxx Asia ex-Japan IG - 20 March 2008 <br /> • Markit iTraxx Australia - 20 March 2008 <br /> • Markit iTraxx Japan Main - 21 March 2008, and <br /> • Markit iTraxx Japan HiVol - 21 March 2008. <br /> <br /> <strong>Changes to index construction</strong> <br /> The Markit iTraxx Asia ex-Japan Main index and the Markit iTraxx Japan 80 will not roll into Series 9. The decision was taken based on dealer polls conducted by Markit. However Markit iTraxx Asia ex-Japan HY and IG, sub indices of the Markit iTraxx Asia Ex-Japan Main index, will roll on 20 March 2008, having concentrated liquidity since they started trading in September 2007. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on liquidity polls, the following changes have been made to the Markit iTraxx Asia family of indices: <br /> • Two constituents were replaced in both the Markit iTraxx Asia ex-Japan IG and the Markit iTraxx Asia ex-Japan HY. <br /> • Two constituents were replaced in the Markit iTraxx Australia index. <br /> • Four constituents were replaced in the Markit iTraxx Japan Main index and two were replaced in the Markit iTraxx Japan HiVol. <br /> <br /> Detailed constituent lists are published on www.markit.com and www.indexco.com. <br /> <br /> - Ends - </p> <p><strong>For further information, please contact:</strong> </p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a><br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <em>The investment banks licensed to trade the Asia-Pacific iTraxx indices include:</em> <br /> <br /> ABN AMRO, ANZ Bank (Australia only), Aozora, Barclays Capital, Bear Stearns, BNP Paribas, CALYON, Citi, Credit Suisse, Daiwa Securities (Japan only), Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Mitsubishi Securities, Mizuho (Japan only), Morgan Stanley, Nikko Citigroup, Nomura, Royal Bank of Scotland, Shinsei, Société Générale (Asia ex-Japan and Australia), Standard Chartered (Asia ex-Japan only), UBS and Westpac Banking Corporation (Australia only). <br /> <br /> <em>About Markit <br /> </em><br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <strong></strong></p> <p><strong>Changes in the Composition of the Markit iTraxx Japan Series 9 vs. Series 8</strong></p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Japan</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 9</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">iTraxx Japan</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">East Japan Railway Company</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nankai Electric Railway Co., Ltd</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Kawasaki Heavy Industries, Ltd.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nikko Cordial Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nishimatsu Construction Co., Ltd</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Takashimaya Company, Limited</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nomura Securities Co., Ltd</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TOKYU CORPORATION</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">iTraxx Japan HiVol</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IHI Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Hankyu Hanshin Holdings, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TAISEI CORPORATION</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nankai Electric Railway Co., Ltd.</span></div> </td> </tr> </tbody> </table> </p> <p><br /> <strong>Changes in the Composition of the Markit iTraxx Asia ex-Japan Series 9 vs. Series 8</strong></p> <strong> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Asia ex-Japan</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 9</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IG</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">PTT Aromatics and Refining Public Company Limited</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Aromatics (Thailand) Public Company Limited</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Sun Hung Kai Properties Limited</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IOI CORPORATION BERHAD</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">HY</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CHINA FISHERY GROUP LIMITED</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">C&M Co., Ltd.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CITIC RESOUCES HOLDINGS LIMITED</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Hanarotelecom incorporated</span></div> </td> </tr> </tbody> </table> </p> <p>Changes in the Composition of the Markit iTraxx Australia Series 9 vs. Series 8</p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Australia</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 9</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Crown Limited</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">PUBLISHING AND BROADCASTING LIMITED</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">WOODSIDE PETROLEUM LTD.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">COLES GROUP LIMITED</span></div> </td> </tr> </tbody> </table> <br /> </p> </strong> <p> </p> <p><strong>London</strong> – Markit today announced that the Markit iTraxx Europe indices will roll into their ninth series on 20 March 2008. Markit is the owner of the Markit iTraxx indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> Markit iTraxx Europe, a family of synthetic indices referencing the most liquid names in the European credit derivative markets, is comprised of the following indices: <br /> • Markit iTraxx Europe Main <br /> • Markit iTraxx Europe Crossover <br /> • Markit iTraxx HiVol <br /> • Markit iTraxx Europe Non-Financials <br /> • Markit iTraxx Europe Senior Financials, and <br /> • Markit iTraxx Europe Sub Financials. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on liquidity polls, the following changes have been made to the Markit iTraxx Europe family of indices: <br /> • Ten constituents were replaced in the Markit iTraxx Europe Main index. <br /> • Six constituents were replaced in the Markit iTraxx Europe Crossover index. <br /> • Eleven constituents were replaced in the Markit iTraxx Europe HiVol index. <br /> <br /> Detailed constituent lists are published on www.markit.com and www.indexco.com. <br /> <br /> <strong>Additional market makers</strong> <br /> NORD/LB has become a newly licensed market maker, bringing the total number of market makers for the European iTraxx indices to 36 leading financial institutions. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <em>The investment banks licensed to trade the European iTraxx indices include: <br /> </em><br /> ABN AMRO, Bank of America, Bank of Montreal, Barclays Capital, Bayerische Landesbank, BBVA, Bear Stearns, BNP Paribas, CALYON, Citi, Commerzbank, Credit Suisse, Deutsche Bank, Dresdner Kleinwort, DZ Bank, Goldman Sachs, Helaba Landesbank Hessen-Thüringen, HSBC, HSH Nordbank, HypoVereinsbank, ING, IXIS, JPMorgan, Landesbank Baden-Württemberg, Lehman Brothers, Merrill Lynch, Morgan Stanley, Natixis, Nomura, NORD/LB, Nordea, Royal Bank of Scotland, Santander, Société Générale, Straumur Burdaras and UBS. <br /> <br /> <em>About Markit</em> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <em>Changes in Composition of Markit iTraxx Europe and Crossover Series 9 vs. Series 8</em></p> <p><em> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Europe and Crossover</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 9</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Consumers</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">J SAINSBURY PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ALTADIS SA</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">JTI (UK) FINANCE PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Gallagher Group PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nestle S.A.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KINGFISHER PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Energy</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KELDA GROUP PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">EDISON</span><span style="FONT-SIZE: 10pt"> S.P.A</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Financials</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Bank of Scotland plc</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ABN AMRO Bank N.V.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SOCIETE GENERALE</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CAPITALIA, SOCIETA PER AZIONI</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Industrials</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Clariant AG</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Adecco S.A.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">FINMECCANICA S.P.A.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IMPERIAL CHEMICAL INDUSTRIES</span></div> </td> </tr> <tr style="HEIGHT: 3.5pt"> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.5pt; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">RENTOKIL INITIAL PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.5pt; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 3.5pt; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Solvay</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TNTNA N.V.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">UPM-Kymmene Oyj</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">HiVol</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Aktiebolaget Electrolux</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ACCOR</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Clariant AG</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Adecco S.A.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Companie Financiere Michelin</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ALTADIS SA</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">J SAINSBURY PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CADBURY SCHWEPPES PUBLIC LIMITED COMPANY</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KELDA GROUP PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Deutsche Lufthansa Aktiengesellschaft</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">PEUGEOT SA</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">EXPERIAN FINANCE PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">RENAULT</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KINGFISCHER PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">RENTOKIL INITIAL PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">REPSOL YPF S.A.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Svenska Cellulosa Aktiebolaget SCA</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SAFEWAY LIMITED</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">VIVENDI</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">UPM-Kymmene Oyj</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">WPP 2005 LIMITED</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">VEOLIA ENVIRONMENT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Crossover</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BAA LIMITED</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CAP GEMINI</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Evonik Degussa GmbH</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Frenesius SE</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ITV PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">HeidelbergCement AG</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KINGFISHER PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">INVENSYS plc</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">UPM-Kymmene Oyj</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">M-real Oyj</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">WENDEL</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SOL MELIA, SOCIEDAD ANONIMA</span></div> </td> </tr> </tbody> </table> </em></p> <p><em></em></p> <p><br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-24">
<date>03/24/2008</date>
<title>Markit Announces Roll of the CDX Indices</title>
<content><p><strong>New York</strong> – Markit today announced that the Markit CDX North America Investment Grade (CDX.NA.IG) and Markit CDX North America Crossover (CDX.NA.XO) indices will roll into their tenth series, and that the Markit CDX Emerging Markets (CDX.EM) indices will roll into their ninth series on 25 March 2008. Markit is the owner of the CDX family of indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on dealer polls conducted by Markit, the following changes have been made to the Markit CDX.NA.IG and Markit CDX.NA.XO. The new series of indices reflecting the changes below will be effective as of the roll date, 25 March 2008. These changes will not affect previous series of the indices. </p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit CDX.NA.IG</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IG Main</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Black & Decker Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IAC/InterActiveCorp</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Kohl’s Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lennar Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">M.D.C. Holdings, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Belo Corp.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Masco Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Centex Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">THE NEW YORK TIMES COMPANY</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Jones Apparel Group, Inc</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Viacom Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Pulte Homes, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BRUNSWICK CORPORATION</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Countrywide Home Loans, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Comcast Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Comcast Cable Communications</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">CONS</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BRUNSWICK CORPORATION</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Jones Apparel Group, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Kohl’s Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Black & Decker Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">FIN</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Countrywide Home Loans, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">INDU</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">M.D.C Holdings, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lennar Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Masco Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Centex Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Pulte Homes, Inc.</span></div> </td> </tr> </tbody> </table> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">TMT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Comcast Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Comcast Cable Communications, LLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">THE NEW YORK TIMES COMPANY</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IAC/InterActiveCorp</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Viacom Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Belo Corp.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">HVOL</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BRUNSWICK CORPORATION</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Belo Corp.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Capital One Bank</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Countrywide Home Loans, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Darden Restaurants, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Centex Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Kohl’s Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">IAC/InterActiveCorp</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Marriott International, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Jones Apparel Group, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Masco Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lennar Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">M.D.C. Holdings, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Pulte Homes, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">THE NEW YORK TIMES COMPANY</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Universal Health Services, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">XL CAPITAL LTD</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Whirlpool Corporation</span></div> </td> </tr> </tbody> </table> <br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit CDX.NA.XO</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">CONS</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Belo Corp.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TXU Corp.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Centex Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Residential Capital, LLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Host Hotels & Resorts, L.P.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">GMAC LLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Jones Apparel Group, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Harrah’s Operating Company, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lennar Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Hilton Hotels Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Mosaic Company</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">K. Hovnanian Enterprises, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Pulte Homes, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Williams Companies, Inc.</span></div> </td> </tr> </tbody> </table> </p> <p>There have been no changes in the composition of the Markit CDX.EM and Markit CDX.EM Diversified Indices. <br /> <br /> Detailed constituent lists, daily prices and spreads as well as index documentation, are published on <a href="http://www.markit.com">www.markit.com</a>. </p> <p><strong>For further information, please contact:</strong><br /> Nishul Saperia <br /> Director, Head of US Credit Indices <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1-212-931-4931 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors: <br /> </strong><br /> <em>About Markit CDX <br /> </em><br /> Over 25 institutions are licensed to trade or reference structured products around the Markit <br /> CDX indices. <br /> <br /> <em>About Markit <br /> </em><br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> <br /> </p> <p> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-25">
<date>03/25/2008</date>
<title>Markit Announces Changes to Equities Team</title>
<content><p><strong>London</strong> - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced changes to its equities division. Markit Equities provides dividend research and index management services to buy-side and sell-side institutions and derivatives exchanges. <br /> <br /> The Markit Equities team is now led by Philippe Rivet, Director of Equity Products in charge of sales, business development and client services and Paul Hodge who takes responsibility for operations including dividend research and index management. Hodge joined Markit recently from the New Zealand Superannuation Fund. Both Rivet and Hodge report to Niall Cameron, Executive Vice President and Global Head of Equities and Indices. <br /> <br /> Markit Equities comprise two fast-growing services: Markit Dividends, the de facto benchmark in independent dividend forecasts and Markit Index Management, a service which collates, validates and provides official data on any commercially available equity index or ETF in a single feed and format. <br /> <br /> The new team aims to expand the Markit Dividends universe to cover additional indices such as the Russell 2000 index, a U.S. small-cap index. It also aims to extend its index management service to asset classes beyond equities in order to offer a single point of reference for official index composition data. <br /> <br /> Niall Cameron, Executive Vice President and Global Head of Equities and Indices at Markit, said: “With the rise of dividend investing, the need for independent forecasts has never been greater. By combining Markit’s dividend expertise with an enhanced index management business, we are able to offer our clients a unique insight into the global equity markets. We also see the calculation and distribution of banks’ proprietary indices as an area where there is significant potential for growth.” <br /> <br /> John Price, Managing Director and founder of Markit Equities (formerly DaDD) has taken on a senior origination role within the firm. </p> <p>- Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/03/2008-03-31">
<date>03/31/2008</date>
<title>Markit Announces Roll of CDX High Yield Index</title>
<content><p><strong>New York</strong> - Markit today announced that the Markit CDX North America High Yield (CDX.NA.HY) will roll into its tenth series on 1 April 2008. Markit is the owner of the CDX family of indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on dealer polls conducted by Markit, the following changes have been made to the Markit CDX.NA.HY. The new series reflecting the changes below will be effective as of the roll date, 1 April 2008. These changes will not affect previous series of the indices. <br /> <br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit CDX.NA.HY</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Chemtura Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lyondell Chemical Company</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Constellation Brands, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Quebecor World Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">DIRECTV Holdings LLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TEMBEC INDUSTRIES INC.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">STATION CASINOS, INC.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Williams Companies, Inc</span></div> </td> </tr> </tbody> </table> </p> <p>Detailed constituent lists, daily prices and spreads as well as index documentation, are published on <a href="http://www.markit.com">www.markit.com</a>. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact:</strong> </p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094<br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <strong>About Markit CDX</strong> <br /> <br /> Over 25 institutions are licensed to trade or reference structured products relating to the Markit CDX indices. <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-02">
<date>04/02/2008</date>
<title>Markit Expands Relationship with Liffe</title>
<content><p>Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, and Liffe, the international derivatives business of Euronext, a subsidiary of NYSE Euronext, today announced that they have expanded their relationship. <br /> <br /> Under the terms of the new agreement, Liffe will receive a wider range of consensus dividend forecasts from Markit for use in its indicative options pricing model and Bclear, its trade confirmation, administration and clearing service for wholesale equity derivatives. <br /> <br /> Liffe will integrate Markit’s global dividend forecasts, giving it access to amounts and dates on a set of approximately 5,000 stocks worldwide and up to four years ahead. Liffe uses Markit’s dividend forecasts as an input in its mathematical pricing models to calculate an option's fair value. Dividend forecasts are one of the crucial elements needed to determine indicative option prices and daily settlement prices. <br /> <br /> Hendrik Koppe, Director, Market Services at Liffe, said: “The accuracy and integrity of the inputs we use are a key element of our services. We have been working with Markit for a number of years and are delighted to expand our relationship with them. This new agreement will enable us to enhance our current offering, most notably that of our Bclear service.” <br /> <br /> Philippe Rivet, Director, Head of Markit Equity Products, said: “Markit is delighted that Liffe has expanded their use of Markit Dividends as an input in their indicative options pricing model and Bclear. We welcome the opportunity to work more closely with Liffe and its members, and believe they will find this latest enhancement most helpful.” <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact: </strong></p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Telephone: +44-20-7260-2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-07">
<date>04/07/2008</date>
<title>Markit Announces Roll of LCDX Index</title>
<content><p><strong>London and New York</strong> - Markit today announced that the Markit LCDX index will roll into its tenth series on 8 April 2008. Markit is the owner of the LCDX family of indices, and a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on dealer polls conducted by Markit, the following changes have been made to the Markit LCDX. The new series reflecting the changes below will be effective as of the roll date, 8 April 2008. These changes will not affect previous series of the indices.</p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit LCDX.NA</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Texas Competitive Electric Holdings Company LLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Freeport-McMoRan Copper & Gold Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Alltel Communications, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Knight Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Harrah’s Operating Company, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Claire’s Stores, Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Calpine Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Insight Midwest Holdings LLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Bausch & Lomb Incorporated</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Solo Cup Company</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: black">Level 3 Financing, Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Burlington Coat Factory Warehouse Corporation</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Mylan Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Centennial Cellular Operating Co. LLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Rite Aid Corporation</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Education Management LLC</span></div> </td> </tr> </tbody> </table> <p><br /> Detailed constituent lists, daily prices and spreads as well as index documentation, are published on www.markit.com. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <strong>About Markit Indices</strong> <br /> Markit owns and runs the pre-eminent family of indices that exist today in the credit derivative markets, including Markit CDX, Markit LCDX, Markit iTraxx, Markit ABX and Markit CMBX. Markit indices are traded globally by over 500 institutions. <br /> <br /> <strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-09">
<date>04/09/2008</date>
<title>Markit Emerging Markets Index Goes Live</title>
<content><strong>London and New York</strong> – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced it has started publishing index levels for the GEMX [1], a family of benchmark indices referencing emerging market debt denominated in local currencies. <br /> <br /> In February 2008, IFC, a member of the World Bank Group, announced the selection of Markit to develop a transparent index of emerging market local currency bonds. The index serves as a benchmark for the World Bank Group’s Gemloc program, an initiative designed to help emerging market countries attract more investment and develop their local currency bond markets. <br /> <br /> As part of Gemloc, the World Bank Group selected PIMCO to develop and manage investment strategies that will promote institutional investment in the local currency bonds of emerging market countries. <br /> <br /> Stephan Flagel, Managing Director and Head of Indices at Markit, said: “GEMX reflects the broad emerging markets while taking into account investability factors. It is independent, fully transparent and objective and we expect the index to become the benchmark for local currency emerging market debt and to attract global investors to this fast growing asset class.” <br /> <br /> "The Gemloc program is designed to develop the local currency bond markets in emerging economies, and the GEMX index is an important part of that process. We are honored to be a part of the Gemloc program alongside Markit and the other Gemloc participants, and look forward to helping make the initiative a success," said Lori Whiting, Senior Vice President and Emerging Markets Product Manager at PIMCO. <br /> <br /> All rules governing index membership and weightings are rules-based and publicly available. Published investability criteria, determined by CRISIL, in collaboration with IFC, are used to determine final country weightings. <br /> <br /> The GEMX currently comprises twenty countries. Additional countries are expected to be included in the index later this year. <br /> <br /> <table style="WIDTH: 496.2pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="662" border="0"> <tbody> <tr> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 55.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="73"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><u><span style="FONT-SIZE: 10pt; COLOR: #090909; LINE-HEIGHT: 150%">Region</span></u></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 155.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="208"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909; LINE-HEIGHT: 150%">Countries</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 56.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="76"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909; LINE-HEIGHT: 150%">Weight %</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="85"> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909; LINE-HEIGHT: 150%">Duration</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 164.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="220"> <div style="MARGIN: 0in 10.5pt 0pt 0in; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909; LINE-HEIGHT: 150%">No. of bonds</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 55.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="73"> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909">Asia</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 155.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="208"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">China, India, Indonesia, Malaysia, Philippines, Thailand</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 56.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="76"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">31</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="85"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">4.83</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 164.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="220"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">90</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 55.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="73"> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909">EMEA</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 155.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="208"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">Hungary, Poland, Russia, Slovakia, Turkey, Egypt, Morocco, Nigeria, South Africa</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 56.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="76"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">44</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="85"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">4.15</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 164.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="220"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">118</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 55.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="73"> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt; COLOR: #090909">LatAm</span></strong></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 155.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="208"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">Brazil, Chile, Columbia, Mexico, Peru</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 56.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="76"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">25</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="85"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">4.0</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 164.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="220"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">49</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 55.05pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8" valign="top" width="73"> <div style="MARGIN: 0in 0in 0pt"><em><span style="FONT-SIZE: 10pt; COLOR: #090909">Total</span></em></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 155.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="208"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">20</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 56.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="76"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">100</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 63.75pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="85"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">4.33</span></div> </td> <td style="BORDER-RIGHT: #d4d0c8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 164.8pt; PADDING-TOP: 0in; BORDER-BOTTOM: #d4d0c8; BACKGROUND-COLOR: transparent" valign="top" width="220"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #090909">257</span></div> </td> </tr> </tbody> </table> <p>Markit calculates country, regional and overall indices and analytical values daily and publishes index levels on www.indexco.com. Bond prices are sourced from a combination of global investment banks and local institutions. <br /> <br /> - Ends - </p> <p>[1] GEMX stands for the Markit iBoxx Global Emerging Markets Local Currency Bond Index in cooperation with IFC.<br /> <br /> <strong>For further information, please contact:</strong> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a><br /> Telephone: +44-20-7260-2047 </p> <p><strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. For more information, see www.markit.com <br /> <br /> <strong>About CRISIL</strong> <br /> CRISIL is India's leading ratings, research, risk, and policy advisory company. <br /> CRISIL offers domestic and international customers a unique combination of local insights and global perspectives, delivering independent information, opinions and solutions that help them make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. For more information, visit www.crisil.com. <br /> <br /> <strong>About IFC <br /> </strong>IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC's vision is that people should have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit www.ifc.org. <br /> <br /> <strong>About the World Bank</strong> <br /> The International Bank for Reconstruction and Development (World Bank) aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Established in 1944 as the original institution of the World Bank Group, IBRD is structured like a cooperative that is owned and operated for the benefit of its 185 member countries. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-10">
<date>04/10/2008</date>
<title>Markit Acquires NTC Economics</title>
<content><p><strong>London</strong> - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that it has acquired NTC Economics (“NTC”), a provider of global macro-economic indicators and owner of the widely-referenced Purchasing Manager’s Index (PMI) series. <br /> <br /> Lance Uggla, Chief Executive Officer of Markit, said: “This is a strategic move for Markit as we continue to build our company around the creation and acquisition of financial market content. Up until now, we have focused our efforts on content that is quantitative in nature. The acquisition of NTC Economics is our first foray into content that lends itself to more qualitative analysis.” <br /> <br /> Niall Cameron, Executive Vice President and Head of Equities and Indices at Markit, said: “We are delighted to bring NTC on board, a company whose unique economic indices have become critical indicators of the economic climate. This acquisition will form the cornerstone of a new research initiative at Markit, and will allow us to reinforce our presence in the foreign exchange, interest rate and commodities markets.” <br /> <br /> Mike Waterson, CEO of NTC Economics, said: “Our acquisition by Markit will ensure that the business we’ve built over the past sixteen years will continue to flourish. NTC’s benchmark products and company culture fit neatly within Markit, and we are all very excited to be part of such a fast-growing and innovative company.” <br /> <br /> NTC’s indices and surveys are the most authoritative indicators of business conditions. The PMI series has a user community of 200,000 people in 1,000 organisations including central banks that use the data to help decide economic, interest rate and foreign exchange policy. <br /> <br /> NTC’s data covers 26 of the most important economies in the world, including BRIC economies, and is assembled by polling a panel of contacts in 14,000 companies. In addition to the 100 economic surveys that NTC produces each month, this data forms the basis for 60 monthly reports on a wide range of subjects including manufacturing, employment, construction and services. <br /> <br /> NTC is a UK-based company that employs 40 staff. It will be headed by John Price, Managing Director at Markit and will form part of Markit’s Equities and Indices division led by Niall Cameron. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit Group Limited (“Markit”) is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About NTC Economics</strong> <br /> NTC Economics is one of the world’s leading providers of global macro-economic indicators. NTC products are used by central banks, investment banks, asset managers, government departments, private sector and corporate sector analysts. <br /> <br /> NTC Economics produces over 100 business surveys that each report on a different set of economic barometers. Surveys cover 26 of the most economically important countries in the world and the vast majority of private sector activity, notably the service sector, on which most countries still produce few or no statistics. <br /> <br /> <br /> <br /> </p> Markit Fact Sheet</content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-17">
<date>04/17/2008</date>
<title>Markit Announces Changes to Equities Team</title>
<content><p><strong>London </strong>- Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced changes to its equities division. Markit Equities provides dividend research and index management services to buy-side and sell-side institutions and derivatives exchanges. <br /> <br /> The Markit Equities team is now led by Philippe Rivet, Director and Head of Equity Products in charge of sales, business development and client services and Paul Hodge, Director and Head of Equity Production, who takes responsibility for operations including dividend research, index management and reference data. Hodge joined Markit recently from the New Zealand Superannuation Fund where he was Chief Operating Officer. Both Rivet and Hodge report to Niall Cameron, Executive Vice President and Global Head of Equities and Indices. </p> <p>John Price, who founded and successfully ran the Equities business (formerly DaDD) for eight years, has now taken responsibility for the management and integration within Markit of NTC Economics, a provider of global macro-economic indicators that Markit acquired last week.<br /> <br /> Markit Equities comprises two fast-growing services: Markit Dividends, the benchmark for independent dividend forecasts and Markit Index Management, a service which collates, validates and publishes official data on any commercially available equity index or ETF in a single feed and format. <br /> <br /> The new team aims to expand the Markit Dividends universe to cover additional indices such as the Russell 3000 index, a U.S. small-cap index. It also aims to extend its index management service to other asset classes in order to offer a single point of reference for official index composition data. <br /> <br /> Niall Cameron, Executive Vice President and Global Head of Equities and Indices at Markit, said: “With the rise of dividend investing, the need for independent forecasts has never been greater. By combining Markit’s dividend expertise with an enhanced index management business, we are able to offer our clients a unique insight into the global equity markets. We also see the calculation and distribution of banks’ proprietary indices as an area where there is significant potential for growth.” <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-29">
<date>04/29/2008</date>
<title>Markit Launches iBoxx Short Index</title>
<content><p><strong>London </strong>– Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that it has launched the Markit iBoxx Short EUR Sovereign Eurozone Total Return Index. <br /> <br /> The index, which reflects a short position in the Markit iBoxx EUR Sovereign Eurozone index, will serve as a benchmark for asset managers and institutional investors holding short positions in Eurozone government debt. It takes into account revenues from short sales of bonds in the index, as well as a current repo rate, and therefore goes beyond a simple inverse position. <br /> <br /> David Mark, Director, Markit Indices, said: “We have launched a new short bond index in response to customer demand. The Markit iBoxx indices are increasingly the benchmark of choice for investment products throughout Europe, and we believe this new index further enhances the index universe.” <br /> <br /> It will also be used as the index underlying a db x-trackers ETF which will be launched by Deutsche Bank in May. <br /> <br /> Marco Montanari, Head of Fixed Income ETF Structuring at Deutsche Bank, said: "This new ETF, the first short bond ETF worldwide, confirms Deutsche Bank’s ability to innovate. We are reacting quickly to developing trends by bringing new products to market as quickly and efficiently as possible." <br /> <br /> Markit calculates the index daily and publishes the values on www.indexco.com. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> </p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-(0)7747 468486 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-(0)7815 812162 <br /> <br /> <strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. For more information, see www.markit.com <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/04/2008-04-29-2">
<date>04/29/2008</date>
<title>Markit To Launch First Synthetic Municipal Bond Index</title>
<content><p><strong>New York, NY</strong> - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced plans to launch the Markit MCDX index, an index of 50 municipal bond credit default swaps, on May 6. <br /> <br /> The index has been designed to meet investor demand for a liquid and transparent tool to gain exposure to municipal bonds, at a time when credit pricing has become increasingly important to municipal bond buyers. <br /> <br /> “The Markit MCDX index will attract new investors to the market by increasing tradability and liquidity. As the world’s first independent synthetic municipal bond index, we expect it to become the benchmark for trading in this asset class,” said Niall Cameron, Executive Vice President and Head of Indices and Equities at Markit. <br /> <br /> To ensure liquidity, the index market makers at launch will include Citi, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS, a group of dealers with a proven track record of success in municipal bond and credit derivative markets. <br /> <br /> "We’re thrilled by the opportunity to be involved with the world’s first liquid and scalable instrument to hedge credit risk in the muni market and we expect this product to be very well received by investors," said Drew Loughlin, Managing Director for Municipal Derivative Trading at JPMorgan. <br /> <br /> Markit, as administration, calculation and marketing agent for the Markit MCDX index, will employ its objective, rules-based approach to index construction and provide critical transparency by publishing daily closing prices on <a href="http://www.markit.com">www.markit.com</a>. </p> <p>The Markit MCDX index will comprise 50 equally-weighted investment grade CDS, excluding tobacco and healthcare issuers. The table below shows the key characteristics of the index: </p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Reference entities</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">50</span></div> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Excludes tobacco and healthcare issuers</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Ratings</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Minimum rating of Baa3 (Moody’s), BBB- (S&P), or BBB- (Fitch) that is not on negative watch for downgrade to below investment grade</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Credit events</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Failure to pay</span></div> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Restructuring</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Coupon payment dates</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">March 20, June 20, September 20, December 20</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Roll dates</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">April 3, October 3</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Assumed recovery rate</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">80%</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 131.4pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="175"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">Tenor</span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 3.25in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="312"> <div style="MARGIN: 0in 0in 6pt"><span style="FONT-SIZE: 10pt">3, 5, 10 years</span></div> </td> </tr> </tbody> </table> <p><br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 (0)20 7523 6751 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About Markit Indices</strong> <br /> Markit owns and manages the pre-eminent credit derivative indices including Markit ABX, Markit CDX, Markit CMBX, Markit LCDX and Markit iTraxx. Markit acts as administration, calculation and marketing agent for the indices but is not party to index trading and does not track trading volumes. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-04">
<date>06/04/2008</date>
<title>Markit Announces New Electronic Novation Consent Service to Meet Industry Commitments to New York Fed</title>
<content><p><strong>London and New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced a new electronic novation consent service for clients in the credit derivatives market. The new service aims to support commitments made by the Operations Management Group (OMG), a senior industry leadership group, to the Federal Reserve Bank of New York in March this year. </p> <p>The novation consent service will link Markit Trade Manager, a comprehensive cross-asset class trade workflow and reporting service used by major buy-side institutions, to the Depository Trust & Clearing Corporation (DTCC), the central repository of novation consents for credit derivative products. The new link, which is an extension to the existing link between Markit and DTCC, is scheduled to go live in August 2008. The new service complements the existing Markit Wire novation service for the interest rate and equity derivative markets. </p> <p>“Markit’s electronic solutions for novations and allocations will enable PIMCO to achieve operational efficiency and mitigate risk quickly and efficiently across the major OTC derivative asset classes,” <strong>said Ric Okun, Senior Vice President at PIMCO.</strong> </p> <p>“This initiative aims to support commitments made by major market participants to the New York Fed to improve trade accuracy and achieve greater operational efficiency,” <strong>said Jeff Gooch, Executive Vice President and Co-Head of Trade Processing at Markit. </strong></p> <p>The new electronic novation service strengthens Markit’s position as the number one provider of straight-through-processing solutions for institutional investors in the OTC derivatives market. The Markit Trade Manager service sent over 50,000 client trades for confirmation to DTCC in April, which was a new monthly record. In addition, during the first four months of 2008, Markit processed almost 10 times the number of interest rate derivative novations it processed during the same period a year ago. </p> <p>Markit has an existing allocation service that provides dealers with timely and accurate electronic allocation feeds from their clients. It addresses the recommendations made by the OMG in its letter to the Federal Reserve Bank of New York relating to the automation of trade allocations. As well as improving timeliness and accuracy of trade booking, this functionality provides a reliable and scaleable solution to cope with increasing trading volumes. </p> <p>For more information about Markit's efforts to support the commitments made by the OMG to the Federal Reserve Bank of New York, please see: <br /> https://mtp.markit.com/html/MTP-Resp...PWG-12_May.pdf <br /> <br /> - Ends - <br /> <strong></strong></p> <p><strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: [email protected] <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44-20-7260-2047 <br /> Email: [email protected] <br /> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-05">
<date>06/05/2008</date>
<title>Markit Adds Russell 2000 Stocks to Dividend Forecast Coverage</title>
<content><p><strong>London and New York</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the addition of the stocks in the Russell 2000 Index to its dividend forecast coverage. </p> <p>The new service doubles Markit’s coverage of US stocks and strengthens its position as the market standard in dividend forecasting. Launched with seven leading investment banks as customers, the service offers market participants unique dividend insights for constituents of a widely traded US index. <br /> <br /> “This addition to our range of services establishes Markit as the benchmark in dividend forecasting in the US and shows our commitment to the North American market,” <strong>said Niall Cameron, Executive Vice President and Head of Indices and Equities at Markit. <br /> </strong><br /> As dividends have evolved into a new asset class that provides ever more advanced trading strategies, the need for independent, timely and accurate forecasts has never been greater. Markit provides a critical data service for derivative professionals who require an accurate source of equity index and ETF composition data in combination with global dividend and ex-dividend date forecasts. <br /> <br /> Combining an independent benchmark in dividend forecasting with validated index constituent data, Markit’s range of services includes dividend index points, future index compositions and customized index management. <br /> <br /> Markit’s regionally focused research team of 30 analysts is in direct contact with all index constituents’ investor relations departments to ensure that only the latest and most accurate information is reflected in Markit data. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: [email protected] <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: [email protected] <br /> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-12">
<date>06/12/2008</date>
<title>ZM Financial Integrates Markit Cashflow Models</title>
<content><strong>London and New York, NY</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the integration of its cashflow models with asset/liability management (ALM) analytics provider ZM Financial Systems’ newly launched onlineALM website. <br /> <br /> Banks and institutional investors use Markit’s cashflow models to evaluate collateralized mortgage obligations (CMOs) and asset-backed securities (ABS), and to manage interest rate, prepayment and default risk in fixed income portfolios. The integration of Markit’s cashflow models with ZM Financial Systems’ onlineALM solution creates a powerful tool that will allow ALM professionals to assess balance sheet risk accurately over a range of interest rate assumptions. <br /> <br /> <strong>Ben Logan, Managing Director of Structured Finance at Markit, said:</strong> “In an environment where investors increasingly require a timely and comprehensive understanding of the cashflow characteristics of their CMO and ABS holdings, Markit’s cashflow models allow clients to manage risk more effectively and with greater accuracy. By making our cashflow models available on ZM Financial Systems’ onlineALM platform, we will strengthen Markit’s presence in the ALM market where many financial institutions already rely on our data and analytics tools.” <br /> <br /> <strong>Frank “Butch” Miner at ZM Financial Systems, said:</strong> “With access to Markit’s cashflow models, our onlineALM users will gain accurate CUSIP-level modeling of structured investments resulting in better interest rate risk reporting and more strategic, profitable balance sheet decisions.” <br /> <br /> Markit’s cashflow modeling is part of a global structured finance product set that includes reference and performance data, trade support tools such as a CDS of ABS trade settlement calculation service, and pricing services for European cash ABS and global synthetic ABS positions. Markit is also the owner of the Markit ABX.HE, a traded synthetic index of U.S. home equity ABS that has become a closely watched indicator in the structured finance markets, and the Markit CMBX, a traded synthetic index of U.S. commercial mortgage-backed securities. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> For more information please contact: <br /> <br /> <strong>John Dooley </strong><br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: [email protected] <br /> <br /> <strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About ZM Financial Systems</strong> <br /> ZM Financial Systems is a proven provider of valuation analytics, total return simulation and income simulation to capital markets and banking professionals. Its solutions are used by capital markets and banking professionals for a full range of analytics from individual securities to complete asset/liability management of the entire balance sheet including derivatives, loans and deposits. <br /> <br /> For more information, see <a href="http://www.onlineALM.com ">www.onlineALM.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-16">
<date>06/16/2008</date>
<title>Marcus Schüler Joins Markit</title>
<content><p><strong>London</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the appointment of Marcus Schüler as Managing Director in Sales and Marketing, based in London. </p> <p>Schüler will be responsible for Markit’s relationships with regulators, central banks, trade associations and accounting firms, a mandate that spans all of the firm’s products and services as well as geographic regions. He will report to Shane Akeroyd and Mike Rushmore, Global Co-Heads of Sales and Marketing. <br /> <br /> Schüler joins Markit from Deutsche Bank where he was Managing Director and Head of Integrated Credit Marketing in Europe for close to four years. In this role he led marketing and product development for flow and lightly structured credit products. Prior to Deutsche Bank, Schüler was responsible for credit derivative marketing at JPMorgan where he was involved in the creation of the benchmark iTraxx credit derivative indices, now owned by Markit. </p> <p><strong>Shane Akeroyd and Mike Rushmore, Executive Vice Presidents at Markit, said</strong>: “We are very excited to have someone of Marcus’ calibre on board. He is a well known figure in the credit markets, and his extensive capital markets knowledge will be of immense benefit as we consolidate and strengthen our relationships with key influencers such as regulators and industry bodies.” </p> <p><strong>Marcus Schüler said</strong>: “Having been an active user of Markit's credit products for many years, I am delighted to be joining a firm that plays such a central role in the creation of transparency and financial market infrastructure across all asset classes.” </p> <p><strong>- Ends - </strong></p> <p><strong>For further information, please contact:</strong></p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: [email protected] <br /> Telephone: +447747 468 486 </p> <p><strong>About Markit </strong></p> <p>Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-26">
<date>06/26/2008</date>
<title>Markit Appoints Industry Expert to Lead New Bespoke Service</title>
<content><p><strong>London</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced the appointment of Scott Stark as a Director in its index division, based in London. <br /> <br /> Stark will lead a new bespoke index service within Markit that will offer index administration, calculation, and publication, to third parties. The new service comes at a time of increased index trading activity and a proliferation of structured products based on indices. <br /> <br /> Markit’s bespoke index service will span synthetic credit, structured finance, equities, bonds, interest rates and foreign exchange. Additional asset classes will be added to the service as required. <br /> <br /> Stephan Flagel, Managing Director and Head of Indices at Markit, said: “Scott is an excellent addition to Markit’s index team, and his expertise in the US and European index markets will be invaluable as we launch our new bespoke index service. We believe that our reputation for operational excellence, independence, transparency and objectivity will make us the partner of choice for firms looking to outsource their index production to a trusted index provider.” <br /> <br /> Stark joins Markit from EuroMTS where he was CEO of their index division for five years. In this role, he was responsible for the launch of a series of pan-European government bond indices which have over EUR 1 trillion benchmarked against them. Prior to EuroMTS, Stark was the Managing Director at STOXX Limited where he worked closely with banks, exchanges and ETF issuers to establish STOXX as Europe’s leading equity index family. <br /> <br /> Scott Stark said: “I look forward to working with the team at Markit and I hope that my experience can add a valuable dimension to their already excellent services.” <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> </p> <p>Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]<br /> </a>Telephone: +447747 468 486 <br /> <br /> <strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. For more information, see <a href="http://www.markit.com">www.markit.com</a></p> <p> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/06/2008-06-24">
<date>06/24/2008</date>
<title>Markit to Launch Euro ABS Transparency Initiative</title>
<content><p><strong>London</strong> – Markit, a leading provider of independent data, portfolio valuations and over-the-counter (OTC) derivatives trade processing, today announced that it is working with leading dealers to facilitate the distribution of European asset-backed securities (ABS) prospectuses and investor reports in a freely available manner. <br /> <br /> In response to calls by the European Commission for greater transparency in the European ABS markets, Markit is developing an industry-led solution with the support of several dealers to encourage best practice. Dealers involved in this initiative include: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Morgan Stanley, Royal Bank of Scotland and UBS. <br /> <br /> Amany Attia, Managing Director and Head of European Securitised Products at Lehman Brothers, said: “This initiative shows that the structured finance industry is taking the lead in tackling the need for greater transparency in the European ABS markets today. A number of dealers have made a commitment to support Markit’s platform, and we hope that this greater availability of key deal and performance information will restore investor confidence in these markets.” <br /> <br /> Lee Rochford, Head of Fixed Income Securitisation for Europe at Royal Bank of Scotland, said: “We are pleased to be supporting Markit’s initiative which will address the European Commission’s calls for greater transparency in the structured finance markets, and we look forward to working with the broader group to bring best practice to the European ABS markets.” <br /> <br /> Markit will consolidate prospectuses and investor reports for European ABS transactions on a single website and will make the information freely available to all buy-side and sell-side firms and third parties, as permitted by local regulation. <br /> <br /> Rick Watson, Managing Director and Head of the European Securitisation Forum, said: “We welcome Markit’s initiative to launch an industry-led solution to provide freely accessible surveillance information for European securitisations. This will bring greater transparency to the European structured finance industry, and will work in concert with the ESF’s own efforts to boost the availability of performance information in these markets.” <br /> <br /> <br /> Ben Logan, Managing Director of Structured Finance at Markit, said: “This initiative is designed to provide greater transparency to investors in European ABS and will streamline the performance surveillance process. We also expect it to spur the development of analytics and valuations by third party providers which will ultimately bring greater price discovery and liquidity to the European ABS markets.” <br /> <br /> The initiative dovetails with Markit’s plans to launch Markit Valuations Manager, the first global, multi-bank, cross-asset client valuations platform. Scheduled to go live in the second half of this year, it will offer clients increased transparency in OTC derivative and cash valuations by providing accurate and consistent third-party valuations on a single electronic platform. <br /> <br /> Markit owns the only integrated pricing and performance monitoring service for European ABS securities, providing clients with collateral performance information alongside daily, independent consensus bond pricing sourced from 27 market makers. <br /> <br /> Additional dealers are expected to join this new initiative over the coming months, and the website should be operational by the end of the third quarter of 2008. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 7747 468 486 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit is a leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></p> <p> <br /> </p> <p>By Daisy Ku</p> <p>LONDON, June 25 (Reuters) - Markit BOAT, a new equity trade reporting venture, beat Deutsche Boerse AG and the London Stock Exchange Plc to be Europe's top equities reporting venue in May, a Thomson Reuters study showed on Wednesday.</p> <p>Markit BOAT captured a 22 percent share of reporting for all European equity trading in May, including both on-exchange and over-the-counter, the Reuters European Equity Market Share Report showed, beating Deutsche Boerse (DB1Gn.DE: Quote, Profile, Research, Stock Buzz) with 16 percent and the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) with 11 percent.</p> <p>BOAT was launched last year as new European Commission trading rules -- the markets in financial instruments directive or MiFID -- aimed at boosting competition came into effect. It is run by financial information provider Markit and offers a cheaper data reporting service.</p> <p>"Firms are increasingly exercising the choice MiFID gives to publish their trade away from primary exchanges," said Andrew Allwright, exchange traded instruments business manager at Thomson Reuters Corp/Plc (TRIL.L: Quote, Profile, Research, Stock Buzz) (TRI.TO: Quote, Profile, Research, Stock Buzz) (TRIN.O: Quote, Profile, Research, Stock Buzz) (TRI.N: Quote, Profile, Research, Stock Buzz).</p> <p>"This shows the challenge for people to access consolidated data because it means accessing the data from many more venues." In a sign of fragmentation of European equity trading, the combined market share of the top three reporting venues dropped to 49.8 percent in May from 51.7 percent in November.</p> <p>Both Deutsche Boerse and the LSE lost ground in reporting for the most liquid stocks in their home markets.</p> <p>In May, the LSE captured about 58 percent for all FTSE 100 equities reporting, down from 61 percent in April and 68 percent in November.</p> <p>Deutsche Boerse saw an even bigger drop, registering just 28 percent for Xetra DAX Index equities reporting, down from 36 percent in April and 66 percent in November.</p> <p>Information sales accounted for less than 8 percent of the German exchange's total revenue in 2007. By comparison, it made up about 26 percent of LSE's total turnover in the year ended March 2008.</p> <p>Given recent job reductions in the investment banking industry, the LSE is unlikely to repeat last year's 36 percent jump in information revenue this year, analysts have said.</p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-01">
<date>12/01/2008</date>
<title>Markit Announces Hawaiian Telcom Communications, Inc. Credit Event</title>
<content><div style="MARGIN: 0in 0in 0pt"><font size="2"><strong>London and New York, NY –</strong> Markit today announced that a credit event occurred at Hawaiian Telcom Communications, Inc. and Markit LCDX index dealers voted to conduct a Credit Event Auction to facilitate the settlement of loan-only credit derivative trades referencing the company, which is a constituent of the Markit LCDX index.</font></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><font size="2">The auction terms, including the auction date, will be determined in the next few weeks by Markit LCDX dealers in accordance with the LCDS Auction Rules which are published on the International Swaps and Derivatives Association (ISDA) website. Markit and Creditex are the official administrators of Credit Event Auctions. </font></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><font size="2">Hawaiian Telcom Communications, Inc. is a constituent of series 8, 9 and 10 of the Markit LCDX index. </font></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><font size="2">The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Kaupthing Banki hf, Glitnir Banki hf, Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura.</font></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" align="center"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">- Ends -</span></strong></div> <div style="MARGIN: 0in 0in 0pt"><strong> </strong></div> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt">For more information please contact:</span></strong></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><em><span style="FONT-SIZE: 10pt">Markit</span></em></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Caroline Lumley</span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Vice President, Corporate Communications</span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Tel: +44 (0)20 7260 2047</span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Email: <a href="mailto:[email protected]">[email protected]</a></span></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt; COLOR: black">About Markit</span></strong></div> <div style="MARGIN-BOTTOM: 0pt"><span style="FONT-SIZE: 10pt">Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. </span></div> <div style="MARGIN-BOTTOM: 0pt"> </div> <div style="MARGIN-BOTTOM: 0pt"><span style="FONT-SIZE: 10pt">For more information, see <a href="http://www.markit.com/">www.markit.com</a></span></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div align="left"><strong><font size="1"><span style="COLOR: black"><font size="2">About Creditex</font></span></font></strong></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. <span style="COLOR: black">Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). </span></span></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: black">For more information, see <a href="http://www.creditex.com/">www.creditex.com</a></span></div></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-03">
<date>12/03/2008</date>
<title>Markit and S&P Partner to Bring Market Standard Identifiers to Syndicated Loan Market</title>
<content><p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify"><st1:city w:st="on"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">London</span></strong></st1:city><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"> and <st1:place w:st="on"><st1:city w:st="on">New York</st1:city>, <st1:state w:st="on">NY</st1:state></st1:place> - </span></strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Markit, a financial information services company, and Standard & Poor’s, a leading provider of financial market intelligence, today announced an alliance to create a universal identification system for the loan market.<span style="mso-spacerun: yes"> </span></span><span lang="EN-US" style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt">The initiative was first announced by Markit on 9 October 2008.</span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">The new identification system will improve transparency and liquidity in the syndicated loan market, and will facilitate clearing and settlement of trades.<span style="mso-spacerun: yes"> </span>The identifiers will encompass a new participant identification system for loan market entities, which will be available later this month, and loan CUSIPs, which will be expanded in early 2009 to cover a greater number of facilities including links to contract level identifiers.<span style="mso-spacerun: yes"> </span>Loan CUSIPs are issued by CUSIP Global Services, managed by Standard & Poor’s on behalf of the American Bankers Association.</span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">The partnership between Markit and S&P will ensure ease of implementation and will encourage broad acceptance of the new universal identification system in the marketplace. </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">“The LSTA is very supportive of the joint Markit and S&P CUSIP initiative, which is a critical step toward quickly bringing standardization to the syndicated loan market,” <strong>said Bram Smith, Interim Executive Director of the LSTA</strong>. </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">“Markit and S&P are to be applauded for their collaboration on the global identifier solution.<span style="mso-spacerun: yes"> </span>Their joint initiative will promote progress toward a much needed automated end-to-end settlement processing solution for the syndicated loan product,” <strong>said Steve Ewald, a Principal at Bank of <st1:place w:st="on"><st1:country-region w:st="on">America</st1:country-region></st1:place>.</strong></span><span lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify; mso-layout-grid-align: none"><st1:personname w:st="on"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Armins Rusis</span></strong></st1:personname><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">, Executive Vice President and Global Co-Head of Fixed Income at Markit, said: </span></strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">“Markit’s partnership with S&P strengthens our drive to introduce a comprehensive, universal identification system for the loan market.<span style="mso-spacerun: yes"> </span>The initiative will unite the marketplace and facilitate straight-through-processing throughout the loan markets.” </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p> </o:p></span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: justify; mso-layout-grid-align: none"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial,Bold; mso-bidi-font-family: 'Arial,Bold'">“</span></strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">As a leader in security identification, S&P and CUSIP recognized the need to bring a robust and complete solution to market as quickly as possible,” <strong style="mso-bidi-font-weight: normal">said Jim Taylor, Managing Director, CUSIP Global Services. </strong><span style="mso-spacerun: yes"> </span>“Our track record of success in providing numbering services combined with Markit’s high quality loan data and customer relationships made us natural partners on this initiative.”</span></p> <p class="MsoNormal" style="LINE-HEIGHT: 150%; TEXT-ALIGN: center; mso-layout-grid-align: none" align="center"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">- Ends -</span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; LINE-HEIGHT: 150%; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><span style="mso-tab-count: 1"> </span><o:p></o:p></span></p> <p class="MsoNormal" style="mso-layout-grid-align: none"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">For further information, please contact: <o:p></o:p></span></strong></p> <p class="MsoNormal" style="mso-layout-grid-align: none"><st1:personname w:st="on"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Teresa Chick</span></st1:personname><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"> <br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Managing Director, Corporate Communications<br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Markit <br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Email: </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><a href="mailto:[email protected]">[email protected]</a> <br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Telephone: +44 20 7260 2094<o:p></o:p></span></p> <p class="MsoNormal" style="mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Michael Privitera<br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Vice President, Public Affairs<br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Standard & Poor’s<br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Email: <a href="mailto:[email protected]">[email protected]</a><br /> </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Telephone: 1-212-438-6679<o:p></o:p></span></p> <p class="MsoNormal" style="mso-layout-grid-align: none"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">About Markit <o:p></o:p></span></strong></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Markit is a financial information services company with more than 1,000 employees in Europe, <st1:place w:st="on">North America</st1:place> and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <o:p></o:p></span></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">For more information, see </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><a href="http://www.markit.com/">www.markit.com</a></span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">. <o:p></o:p></span></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><strong style="mso-bidi-font-weight: normal"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">About CUSIP Global Services<o:p></o:p></span></strong></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">For 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs.<span style="mso-spacerun: yes"> </span>CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by Standard & Poor’s. For more information, visit www.cusip.com.<o:p></o:p></span></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><strong style="mso-bidi-font-weight: normal"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">About Standard & Poor’s<o:p></o:p></span></strong></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 9,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit </span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">http://www.standardandpoors.com</span><span lang="EN-US" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-bidi-font-family: Arial">.<o:p></o:p></span></p> <p class="MsoNormal" style="TEXT-ALIGN: justify"><strong><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt">About The American Bankers Association<o:p></o:p></span></strong></p> <p class="MsoNormal" style="TEXT-ALIGN: justify; mso-layout-grid-align: none"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: Arial; mso-bidi-font-size: 12.0pt">The American Bankers Association, on behalf of the more than two million men and women who work in the nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership-which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks-makes ABA the largest banking trade association in the country.</span><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-family: Arial"><o:p></o:p></span></p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-04">
<date>12/04/2008</date>
<title>Markit Shines Light on Changing European Equity Market</title>
<content><strong>London</strong> - Markit, a financial information services provider, today announced the launch of Markit MSA, a new market share analysis service designed to bring further transparency to the European equity market. <br /> <br /> Markit MSA provides a greater insight into the new trading landscape that has emerged since the introduction of MiFID last November. The proliferation of alternative trading venues and “dark pools” across the continent has resulted in fragmented trading, making it difficult for market participants to monitor liquidity and market activity. <br /> <br /> <strong>Niall Cameron, Executive Vice President of Equities, Indices, Commodities and Risk Management at Markit, said:</strong> “Since the introduction of MiFID, the European equity market has changed dramatically. We created Markit MSA to help market participants understand the shifts taking place in equity trading by tracking liquidity and market activity.” <br /> <br /> Markit MSA is a reliable, independent service that collates information on cash and synthetic equity trades executed on traditional exchanges, MTFs and OTC markets. The data is then consolidated to provide users with an aggregated view of market activity. The service ranks brokers on each European trading venue, stock or index according to the volume and value of their trades. <br /> <br /> Buy-side institutions will use Markit MSA to help identify pools of liquidity and inform their choice of broker when seeking to execute trades. Sell-side institutions will use the service to ascertain their market share for marketing and business development purposes. Regulators will be able to use Markit MSA to monitor liquidity patterns and trading trends. <br /> <br /> <strong>David Tait, Executive Director and Co-Head of Morgan Stanley Electronic Trading in Europe said:</strong> "Markit MSA is an insightful tool that provides us with independent and validated metrics for equity market activity and liquidity. Since the service combines both on and off order book data, it will provide the first consolidated European market share reporting service allowing us to promote our market share to clients." <br /> <br /> Markit MSA was launched with the support of 11 leading financial institutions that have committed to send trade information to the service. Together, these institutions represent 60% of all cash equity trading in Europe. MSA will initially cover 44,000 European cash and synthetic equities. The MSA dataset is available on a T+1 basis. <br /> <br /> -Ends- <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Telephone: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>Note:</strong> <br /> <br /> Markit MSA is launching with eleven firms sending data to the service, including: Citi, Dresdner Kleinwort, Goldman Sachs, HSBC, Merrill Lynch, Morgan Stanley, Royal Bank of Scotland and UBS. <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-09">
<date>12/09/2008</date>
<title>Markit and Creditex Determine Price of Masonite International Corporation Debt to Settle Credit Derivative Trades</title>
<content><p><strong>London and New York, NY</strong> – Creditex and Markit, in partnership with 10 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the first lien loans of Masonite International Corporation. </p> <p>At 2:00 pm ET today, the final price for Masonite International Corporation first lien loans for the purpose of settling credit derivative transactions was determined to be 52.5%. <br /> <br /> The auctions were conducted in accordance with the Masonite International Corporation LCDS Settlement Terms published by the International Swaps and Derivatives Association (ISDA) and Markit. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> Credit Event Auctions enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Kaupthing Banki hf, Glitnir Banki hf, Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-10">
<date>12/10/2008</date>
<title>Markit Receives Five Awards for Services to Financial Markets</title>
<content>Best Operational Support Provider - Write-Up <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">London</span></strong><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%"> and New York, NY </span></strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">- Markit, a financial information services company, today announced that it has won five industry awards.</span></div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"> </div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit has won two Awards for Excellence from Operations Management. The company was named “Operations Leader of the Year” for its Metrics report, which </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">monitors progress on the commitments made by banks to regulators to improve the processing of Over-The-Counter (OTC) derivative trades. Markit’s acquisition of SwapsWire, the electronic trade confirmation network for the OTC derivative markets, was named “Deal of the Year”.</span></div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"> </div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Credit Magazine has named the Markit - Creditex portfolio compression platform “Innovation of the Year”. Launched in July this year </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">to reduce operational risk and improve capital efficiency in the single-name credit default swap (CDS) market, the platform has already compressed over $1 trillion in notional value of CDS transactions.</span></div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"> </div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit has also been voted “Best Operational Support Provider” by Credit Magazine. In a poll of the </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">largest credit investors in the world, t</span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">he firm was commended for its </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">credit derivative indices and Markit RED, </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">the industry standard identifiers used throughout the CDS markets. </span></div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: justify"> </div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">In addition, Markit was awarded “Best Data Service” by Financial News. The company was selected by the editorial team in conjunction with ten leading industry experts for its high quality data services.</span></div> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%" /> <div style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt">- Ends -</span></strong></div> <div style="MARGIN: 0in 0in 0pt"><strong> </strong></div> <div style="MARGIN: 0in 0in 0pt"><strong><span style="FONT-SIZE: 10pt">For further information, please contact:</span></strong></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Caroline Lumley</span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Vice President, Corporate Communications </span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Markit</span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Email: <a href="mailto:[email protected]">[email protected]</a></span></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Telephone: +44-20-7260-2047</span></div> <div style="MARGIN: 0in 0in 0pt"><strong> </strong></div> <div style="MARGIN: 0in 0in 0pt"><em><span style="FONT-SIZE: 10pt">About Markit </span></em></div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: black">Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. </span></div> <div style="MARGIN: 0in 0in 0pt"> </div> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: black">For more information, see <a href="http://www.markit.com/">www.markit.com</a></span></div> </div></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-10-2">
<date>12/10/2008</date>
<title>Markit Announces Tribune Company Credit Event</title>
<content><strong>London and New York, NY</strong> – Markit today announced that a credit event has occurred at Tribune Company and Markit LCDX index dealers have voted to participate in a Credit Event Auction to facilitate the settlement of loan credit default swap (LCDS) trades referencing the company, which is a constituent of the Markit LCDX index. <br /> <br /> The auction terms, including the auction date, will be determined by Markit LCDX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> A separate Credit Event Auction will be held to facilitate the settlement of CDS trades referencing Tribune Company, which is a constituent of the Markit CDX index. <br /> <br /> The auction dates, once they have been determined, will be posted on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Masonite International Corporation, Kaupthing Banki hf, Glitnir Banki hf, Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-10-3">
<date>12/10/2008</date>
<title>Markit MCDX Trading Wider Than Markit CDX.NA.IG Index For First Time</title>
<content><div style="LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">The Markit MCDX index </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">is trading wider than the Markit CDX.NA.IG index for the first time since Markit MCDX was launched on 6 May 2008. This means that buying protection on U.S. municipal debt now costs more than buying protection on US investment grade bonds. </span></div> <div style="LINE-HEIGHT: 150%"> </div> <div style="LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Spreads on the Markit MCDX index, </span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">which references</span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%"> 50 municipal bond credit default swaps (CDS), are currently at around 330 basis points. Spreads on the Markit CDX.NA.IG, which references 125 investment grade bond CDS, are at around 269 bps.</span></div> <p> </p> <div style="LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%"><img height="319" alt="" width="510" src="10-3/contentParagraphs/0/text_files/file/article-image.gif" /></span></div> <div style="LINE-HEIGHT: 150%"> </div> <div style="LINE-HEIGHT: 150%"><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> </v:shapetype></v:shapetype><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%"><strong>Gavan Nolan</strong></span><font size="2"><strong>, Credit Analyst at Markit, said:</strong> <span>"</span><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">The current widening of Markit MCDX spreads reflects the perceived increase in municipal credit risk. A confluence of events - an economy in recession, decreasing home values and increasing unemployment - has combined to reduce municipalities’ sources of income. Several municipalities have announced recently that they are experiencing financial difficulties. The likes of Michigan and New York City, exposed to the struggling auto and financial sectors respectively, demonstrate the importance of credit risk in the municipal market.”</span></font></div> <div style="LINE-HEIGHT: 150%"> </div> <div style="LINE-HEIGHT: 150%"><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">Markit is the owner of the Markit MCDX index.</span></div> <div style="LINE-HEIGHT: 150%"> <div style="LINE-HEIGHT: 150%" align="center"><strong><span style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%">- Ends -</span></strong></div> <strong><span style="FONT-SIZE: 10pt"><br clear="all" /> </span></strong> <div><strong><span style="FONT-SIZE: 10pt">For more information please contact:</span></strong></div> <div> </div> <div><span style="FONT-SIZE: 10pt">Teresa Chick</span></div> <div><span style="FONT-SIZE: 10pt">Managing Director, Corporate Communications </span></div> <div><span style="FONT-SIZE: 10pt">Markit</span></div> <div><span style="FONT-SIZE: 10pt">Telephone: +44 20 7260 2094</span></div> <div><span style="FONT-SIZE: 10pt">Email: <a title="mailto:[email protected]" href="mailto:[email protected]">[email protected]</a></span></div> <div align="left"><strong><font size="1"> </font></strong></div> <div align="left"><strong><font size="1"><span style="COLOR: black"><font size="2">About Markit </font></span></font></strong></div> <div><span style="FONT-SIZE: 10pt">Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements.</span></div> <div> </div> <div><span style="FONT-SIZE: 10pt; COLOR: black">For more information, see <a title="http://www.markit.com/" href="http://www.markit.com/">www.markit.com</a></span></div> </div> <div></div> <div></div> <div></div></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-15">
<date>12/15/2008</date>
<title>Markit Collects Two Buy-Side Technology Awards</title>
<content><strong>London and New York, NY</strong> - Markit, a financial information services company, is pleased to announce it has been voted best pricing and valuation service provider by Buy-Side Technology for the second year running. Markit has also won the flagship award for best overall buy-side product. <br /> <br /> The judges commended Markit’s plans to launch Markit Valuations Manager - the first global, multi-bank, cross-asset client valuations platform - in January 2009. The service will bring considerable operational efficiency and transparency to a buy-side firm’s valuation process by offering electronic delivery of dealer OTC derivative and consensus cash valuations, alongside Markit’s own independent valuations. <br /> <br /> Markit also won praise for Markit Intraday, a streaming pricing tool for the widely traded credit derivative indices, Markit iTraxx and Markit CDX, and their constituents. Please click <a href="15/contentParagraphs/0/text_files/file/BST 2008.pdf">here</a> for the awards coverage in the December issue of Buy-Side Technology. <br /> <br /> <strong>Jeff Gooch, Executive Vice President and Head of Portfolio Valuations at Markit, said:</strong> “Client demand for accurate, independent pricing and valuation services has never been greater, and we are committed to helping our buy-side clients move to best practice in price verification. We are delighted to have won two awards from Buy-Side Technology which single out Markit’s pricing and valuation services as the best in the industry.” <br /> <br /> <strong>Victor Anderson, Editor, Buy-Side Technology, said:</strong> “Markit’s success in the pricing and valuations space is hardly surprising: it has shown a consistent propensity to grow the business through acquisition and innovation, which has allowed it to successfully address some of the most acute challenges faced by buy-side institutions. Markit’s two category wins this year reflect its position as the clear market leader in an area of the buy-side that has, over the past 18 months, thrown up one challenge after another.” <br /> <br /> The panel of judges included Buy-Side Technology’s editorial team as well as buy-side-focused technology consultants from Aite Group, Deloitte Consulting, Investit and Morse. <br /> <br /> <strong>-Ends-</strong> <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Telephone: +44-20-7260-2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-12">
<date>12/12/2008</date>
<title>Incorrect Reference Obligation for Nortel Networks Corporation</title>
<content><p>Markit has identified an error in RED with respect to ISIN US665815AH97, which incorrectly identifies Nortel Networks Corporation as the issuer. The correct issuer of this bond is Nortel Networks Limited. As a result, RED code 6BBBBEAC5 has been flagged as non-current and should not be used. Markit is in the process of legally verifying an alternative bond to be added as a reference obligation of Nortel Networks Corporation, which will be completed next week.</p> <p style="MARGIN: 0cm 0cm 0pt" align="left"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><strong>-Ends-</strong> <br /> <br /> <strong>For further information, please contact:</strong> </span></p> <p style="MARGIN: 0cm 0cm 0pt" align="left"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Teresa Chick <br /> Managing Director<o:p></o:p></span></p> <p style="MARGIN: 0cm 0cm 0pt"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Corporate Communications </span></p> <p style="MARGIN: 0cm 0cm 0pt" align="left">Markit <br /> Telephone: +44-20-7260-2094<span style="mso-tab-count: 1"> </span> <br /> Email: <a href="mailto:[email protected]">t<font face="Verdana">eresa.chick</font>@markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-17">
<date>12/17/2008</date>
<title>Update on Proposed Prime RMBS Derivative Index</title>
<content><p><strong>London and New York, NY</strong> - Markit today announced that, following extensive discussions with major market participants, plans to launch a synthetic U.S. prime mortgage-backed securities index have been put on hold. <br /> <br /> The potential benefits of the proposed index will be re-assessed in 2009. Markit owns the credit derivative indices Markit ABX, Markit CDX, Markit CMBX, Markit iTraxx, Markit iTraxx LevX, Markit LCDX and Markit MCDX. <br /> </p> <p>- Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Telephone: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Telephone: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, visit <a href="mailto:www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-18">
<date>12/18/2008</date>
<title>BNY Mellon Asset Servicing Enhances OTC Derivatives Services</title>
<content>New York, December 18, 2008 – BNY Mellon Asset Servicing, the global leader in securities servicing, today announced it has enhanced its over-the-counter (OTC) derivatives services by providing automated OTC trade affirmation and confirmation to investment managers and financial institutions in the United States and Europe. The enhancements also enable BNY Mellon to deliver daily, automated OTC position reconciliation and market value reconciliation with counterparties. <br /> <br /> On behalf of its clients, BNY Mellon can now match economic terms of the transaction on trade date, confirm activity through straight-through processing and reconcile positions, and perform valuation comparison. In providing these services, BNY Mellon has licensed the use of Markit Trade Manager, a leading trade risk management platform. Additionally, BNY Mellon has licensed MarkitPortRec platform, an automated position reconciliation and valuation comparison service. Markit also will provide complete connectivity to industry utilities such as Markit Wire and DTCC. <br /> <br /> “We have a multi-year program of investing in derivatives services and we have now further automated our integrated-architecture offering in the entire lifecycle of OTC trade processing,” said Ahmad Sharif, managing director and product head of investment manager outsourcing at BNY Mellon Asset Servicing. “For OTC contracts, this lifecycle includes trade execution, affirmation and confirmation; events and rate resets; payment calculation and delivery/receive; independent pricing and valuation; collateral management; and daily position and value reconciliation with counterparties.” <br /> <br /> “Markit’s partnership with BNY Mellon strengthens our position as a leading provider of trade processing solutions to fund administrators and institutional investors in the global OTC derivatives market,” said Jeff Gooch, executive vice president and co-head of trade processing at Markit. “Access to a broad range of Markit’s industry-standard trade processing services will give BNY Mellon clients the ability to reduce operational risk and improve operational efficiency.” <br /> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use its independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see www.markit.com <br /> <br /> BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York Mellon and other related companies. <br /> <br /> The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, approximately $1.1 trillion in assets under management and services approximately $12 trillion in outstanding debt. Additional information is available at bnymellon.com. <br /> <br /> <strong> </strong></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-22">
<date>12/22/2008</date>
<title>Markit to update pricing methodology for Markit iBoxx Indices</title>
<content><p>London and New York, NY - Markit, a financial information services company, today announced that it will implement changes to the rules governing the consolidation of prices for the Markit iBoxx indices. These changes are designed to improve the pricing in illiquid and volatile markets. </p> <p>The Markit iBoxx EUR and Sterling cash bond indices are used by asset managers as a benchmark for investment grade fixed income portfolios. The indices are calculated daily using price contributions from 10 banks that are consolidated by Markit using stringent filters and consolidation algorithms.</p> <p>Recent volatility and a reduction in liquidity in the fixed income markets has resulted in diminished price contributions and greater variance among prices. This, in turn, has led to the rejection of a greater number of prices due to the Markit iBoxx consolidation rules.</p> <p>In consultation with price contributors, investors, regulators and industry bodies, and with the approval of the Markit iBoxx Oversight Committee, Markit has updated the rules. As from 29 December, an additional step will be introduced in the calculation of the daily index price whereby a new Control Price will serve as a proxy price for bonds affected by low liquidity or disparate pricing.</p> <p>Stephan Flagel, Managing Director and Head of Indices at Markit, said: “We have made absolutely sure that the independence, objectivity and transparency of the Markit iBoxx indices is not compromised by any changes made to the pricing processes we have in place today. We are confident we have achieved this with our new rules and believe that the changes will ensure the Markit iBoxx indices remain the benchmark of choice among asset managers, structured products providers and ETF issuers around the world.” </p> <p>The new rules can be found on <a href="http://www.markit.com ">www.markit.com</a> and <a target="_blank" href="http://www.iboxx.com">www.iboxx.com</a>. </p> <p>- Ends - </p> <p>For further information, please contact:<br /> Teresa Chick <br /> Managing Director, Corporate Communications<br /> Markit <br /> Telephone: +44 20 7260 2094<br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <h2>About Markit</h2> <p>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia-Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/12/2008-12-17-2">
<date>12/17/2008</date>
<title>Creditex and Markit Determine Price of Hawaiian Telcom Communications, Inc. Loans to Settle Credit Derivative Trades</title>
<content><strong>London and New York, NY</strong> – Markit and Creditex, in partnership with 10 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate settlement of credit derivative trades referencing Hawaiian Telcom Communications, Inc. loans. <br /> <br /> At 2:00 pm ET today, the final price of Hawaiian Telcom loans was determined to be 40.125% for the purpose of settling loan-only credit derivative transactions. <br /> <br /> The auction was conducted in accordance with the Hawaiian Telcom LCDS Settlement Terms published by the International Swaps and Derivatives Association (ISDA) and Markit. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Credit Event Auctions enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Since then, Markit and Creditex have conducted 26 Credit Event Auctions, including Hawaiian Telcom, and the process has become an integral part of the CDS market’s infrastructure. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Markit</em> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/01/2008-01-14">
<date>01/14/2008</date>
<title>Markit Opens Sydney Office</title>
<content><p><strong>London</strong> – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that it has opened an office in Sydney. This is Markit’s first office in Australia and its third office in the Asia Pacific region. <br /> <br /> David Crammond, Chief Executive Officer of Markit Asia, said: “The Asia Pacific region is key to our expansion plans, and we are seeing a surge in demand for our pricing and valuation services in the area. Financial regulators around the world are very much focused on the need for accurate, independent valuations, and this focus has sharpened with the credit crisis. A presence in Australia will enable Markit to capitalise on this demand and will allow us to be closer to our clients in the region.” <br /> <br /> Markit provides sell-side and buy-side firms with critical valuation services. Markit’s Totem service provides the major market makers in over-the-counter derivatives with a rigorous independent check for their trading book valuations. The service covers vanilla and exotic instruments in the equity, interest rate, currency, commodity, structured credit and bond markets. <br /> <br /> Markit’s Portfolio Valuations service draws from a unique, proprietary dataset to provide buy-side firms with an independent post-trade calculation of the gross asset value of a portfolio of trades. The service enables clients to establish a fund’s Net Asset Value. <br /> <br /> Euan Johns, Director, will lead Markit’s Australian operations. Johns previously worked on the Totem service in London for five years and will now focus on the Totem Interest Rate Swap service for the Asia Pacific region. He is joined by Ross Allen who will be responsible for the Totem Equities service for the region, and Andrew King who will head marketing and local support for current and new clients. Both Allen and King have also relocated from Markit’s London headquarters. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44 (0)20 7260 2094 </p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44 (0)20 7260 2047 <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/01/2008-01-04">
<date>01/04/2008</date>
<title>Addition of AJ Tranche to Markit CMBX Indices</title>
<content><p><strong>London and New York, NY</strong> – Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing and owner of the Markit CMBX index, announced today that an AJ tranche will be added to the off-the-run Markit CMBX indices on 4 January 2008. The new tranche will provide enhanced trading opportunities to institutional investors seeking exposure to an additional credit class. <br /> <br /> Markit added an AJ tranche - the most subordinate of the AAA rated tranches - to the on-the-run Markit CMBX 4 index when it rolled in October last year. The new tranche has now been added to the off-the-run Markit CMBX 1, Markit CMBX 2 and Markit CMBX 3 indices as well. <br /> <br /> The Markit CMBX is a synthetic family of indices based on U.S. commercial mortgage-backed securities (CMBS) which provides investors with liquid, transparent exposure to CMBS of a unique vintage. Each CMBX index references a basket of 25 of the most recently issued CMBS deals. <br /> <br /> The seven index tranches reference bonds rated AAA, AJ, AA, A, BBB, BBB- and BB respectively. Ratings are required from at least two of the following rating agencies: Fitch, Moody's and Standard & Poor's. A new series of CMBX is issued every six months. <br /> <br /> The CMBS reference obligations are selected using the following requirements: deals must have a minimum size of $700 million; they must be secured by at least 50 separate mortgages that are obligations of at least 10 unaffiliated borrowers; no more than 40% of the underlying mortgages can be secured by properties in the same state; and no more than 60% of the properties can be of the same property type. <br /> <br /> Licensed Dealers of the Markit CMBX include: Bank of America; Barclays; Bear Stearns; Calyon; Citi; Countrywide; Credit Suisse; Deutsche Bank; Goldman Sachs; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; Nomura International; RBS Greenwich Capital; UBS; and Wachovia. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> Ben Logan <br /> Managing Director, Structured Finance <br /> Markit <br /> Tel: +1 212 931 4925 <br /> Email: [email protected] <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/01/2008-01-21">
<date>01/21/2008</date>
<title>Markit Wins Risk Magazine Award</title>
<content>Industry Platform of the Year - Write-Up <p><strong>London</strong> - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, is pleased to announce that it has won Risk Magazine’s coveted ‘Industry Platform of the Year’ award. Risk Magazine is the world’s leading financial risk management magazine. <br /> <br /> According to Risk Magazine, “Markit’s portfolio reconciliation service makes an important contribution to reducing risk in the OTC derivatives markets. For this reason, it is Risk’s Industry Platform of the Year.” <br /> <br /> Markit’s Portfolio Reconciliation service, which is part of the Markit Trade Processing (MTP) platform, enables portfolio managers to reconcile positions with their counterparties electronically, across all OTC derivative asset classes. The service extracts information automatically from counterparty collateral statements which typically come in a wide variety of formats. It then checks the extracted information against the user’s portfolio details and flags discrepancies. <br /> <br /> Markit launched the Portfolio Reconciliation service in September 2006 in response to the increasing use of collateral in the OTC derivative markets, leading to an onerous portfolio reconciliation process. Markit’s service automates the process and reduces errors which can result in disagreements between counterparties over collateral and margin calls. <br /> <br /> Jeff Gooch, Executive Vice President and Head of Trade Processing and Valuations at Markit, said: “We are extremely pleased that Risk has recognised our contribution in the OTC derivative trade processing arena. Our Portfolio Reconciliation service provides portfolio managers with the ability to reconcile their positions quickly and accurately, which reduces operational risk and provides clients with a clear understanding of their true exposure.” <br /> <br /> MTP Portfolio Reconciliation is integrated with Markit’s affirmation, confirmation and portfolio valuation services. Portfolio managers interviewed by Risk Magazine stressed the importance of an integrated trade processing solution for reducing operational risk. <br /> <br /> <strong>- Ends -</strong> </p> <p>For further information, please contact: <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: [email protected] <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/01/2008-01-15">
<date>01/15/2008</date>
<title>Markit Launches Sub-Prime Monitoring Tool</title>
<content><p><strong>London and New York, NY</strong> – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced the launch of a performance monitoring tool for U.S. asset-backed securities (ABS). <br /> <br /> Launched in response to market conditions, Markit’s new U.S. ABS Performance Data will bring greater transparency to the sub-prime mortgage market. The platform combines complete historical data at the bond, collateral pool and loan level to provide ABS market participants with a vital and timely source of information for deal monitoring and securitisation analysis. Additional RMBS and ABS asset classes will be added in due course. <br /> <br /> The tool complements Markit’s existing structured finance product set which includes cashflow modelling; a CDS of ABS spread service; a CDS of ABS trade settlement calculation service; European ABS performance data; and European ABS pricing. Markit is also the owner of ABX.HE, a traded synthetic index of U.S. home equity ABS that has become a closely watched indicator and valuation tool in the structured finance markets. <br /> <br /> Ben Logan, Managing Director of Structured Finance at Markit, said: “Increasingly, ABS investors require a more timely and comprehensive understanding of the collateral underlying each ABS deal. Markit’s new product aims to bring much needed transparency to the U.S. ABS markets by providing clients with an up-to-date collateral monitoring tool alongside the other unique and valuable content we offer. It will enable market participants to remain at the forefront of the markets and evaluate both the historical performance and the current risk profile of their ABS positions with ease and accuracy.” <br /> <br /> Features include: <br /> • Concise monthly snapshot reports with key deal statistics <br /> • Comprehensive collateral performance information at pool and deal level including: <br /> o Delinquency, loss and prepayment levels and speeds <br /> o Waterfall related triggers: stepdown, delinquency, cumulative loss <br /> • Complete bond payment and collateral performance history <br /> • Loan level statistics with data feed functionality <br /> • All deals updated within two days of monthly distribution date <br /> • Data validated to ensure integrity, and <br /> • Ability to track customised portfolios. <br /> <br /> The new service reinforces Markit’s commitment to bringing transparency and efficiency to the ABS markets, and dovetails with the firm’s award-winning Reference Cashflow Database (RCD), the industry standard for CDS of ABS trade settlement calculation. RCD provides bond-level performance data; simplifies complex settlement calculations; reduces errors in payment matching and clearing; and replaces the need for a costly infrastructure. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2094 <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/01/2008-01-22">
<date>01/22/2008</date>
<title>Markit Acquires BOAT</title>
<content><p><strong>London</strong> - Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced that it has acquired BOAT, the MiFID-compliant trade reporting platform, from the consortium of nine investment banks that launched the initiative in September 2006. <br /> <br /> With 24 of the world’s leading financial institutions using the platform to report their Over-The- Counter (OTC) trades in equities, BOAT offers an unparalleled view of the European OTC equity markets. Trades reported on the platform now account for approximately 25% of the entire European equity markets. Prior to MiFID and the launch of BOAT, OTC trade information in certain countries was not readily available, making it difficult for market participants to understand fully how the OTC markets were moving. <br /> <br /> Niall Cameron, Executive Vice President and Head of Equities and Indices at Markit, commented: “BOAT fits neatly with Markit’s goal to bring transparency to the OTC markets. As calls for greater transparency multiply, we see this acquisition as very timely. It will also reinforce Markit’s position in the equity markets and our footprint within the financial sector.” <br /> <br /> Will Meldrum, Managing Director and Head of BOAT at Markit, commented: “BOAT is already changing the way market participants make investment decisions in the European OTC equity markets. We look forward to launching second-generation products in the coming months to enhance our clients’ trading and investment operations.” <br /> <br /> Niki Beattie, Managing Director and Head of EMEA Market Structure, Merrill Lynch, commented: “BOAT shows how consortium-led initiatives can bring efficient solutions to the global financial markets. Having launched successfully in November - just over a year after we announced the creation of the consortium - BOAT is going from strength to strength and provides critical information on a growing share of the OTC markets. Markit, as the consortium’s business partner, is the ideal candidate to take ownership of BOAT.” <br /> <br /> The BOAT platform went live on 1 November 2007, allowing market participants to publish their pre-trade quotes and report their OTC trades in equities in compliance with MiFID. BOAT collects and validates this information before disseminating it to the market via ten leading market data vendors. <br /> <br /> BOAT will now be known as Markit BOAT. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a></p> <p><strong>About Markit <br /> </strong>Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <strong>About BOAT</strong> <br /> BOAT is a consortium of nine leading investment banks that was launched in September 2006 in order to create a central platform for the collection, collation, validation, storage and distribution of pre- and post-trade information as required by investment firms operating off-exchange as allowed under MiFID. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/08/2008-08-21">
<date>08/21/2008</date>
<title>Markit Updates iTraxx Europe Rules</title>
<content>London and Frankfurt – Markit, a financial information services company, today announced that it has clarified and updated certain index rules governing the Markit iTraxx Europe indices. These updates reflect changed market conditions and are expected to bring greater transparency to the index. <br /> <br /> The rule updates, which were approved by licensed Markit iTraxx Europe market makers on a call at 5pm yesterday, will be incorporated in the rulebook and published by the end of the month. They will become effective when the index rolls into Series 10 on 22 September 2008. <br /> <br /> The updates to the index rules will apply to: <br /> <br /> · Maximum spread cut-off levels for the Markit iTraxx Crossover <br /> <br /> · Minimum entity ratings <br /> <br /> · Minimum outstanding debt requirement for the Markit iTraxx Crossover <br /> <br /> Further details can be found on: http://www.markit.com/information/pr...rope/news.html <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick<br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: [email protected] <br /> Telephone: +44 20 7260 2094 <br /> <br /> <strong>About Markit </strong><br /> Markit is a financial information services company with more than 700 employees in Europe, North America and Asia. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see www.markit.com <br /></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-04">
<date>11/04/2008</date>
<title>Markit and Creditex Determine Price of Landsbanki Senior Debt to Settle Credit Derivative Trades in Europe's First Credit Event Auction</title>
<content><p><strong>London and New York, NY</strong> – Creditex and Markit, in partnership with 14 major credit derivative dealers, today determined a price to facilitate the settlement of credit derivative trades referencing the senior debt of Landsbanki Islands hf in Europe’s first ever Credit Event Auction. </p> <p>At 2:00 pm GMT today, the final price for Landsbanki senior debt for the purpose of settling credit derivative transactions was determined to be 1.25%. <br /> <br /> The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Landsbanki CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> The Credit Event Auction enables market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> At 3:45 pm GMT today, the results of an auction to determine the final price for Landsbanki subordinated debt for the purpose of settling credit derivative transactions will be published on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> Creditex and Markit will conduct Credit Event Auctions to facilitate the settlement of CDS contracts referencing Glitnir Banki hf on November 5 and Kaupþing Banki hf on November 6. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> For more information please contact: <br /> <br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Markit</em> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-04-2">
<date>11/04/2008</date>
<title>Creditex and Markit Determine Price of Landsbanki Subordinated Debt to Settle Credit Derivative Trades in Europe's First Credit Event Auctions</title>
<content><p><strong>London and New York, NY</strong> – Markit and Creditex, in partnership with 14 major credit derivative dealers, today determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Landsbanki Islands hf in Europe’s first ever Credit Event Auctions.</p> <p>At 3:45 pm GMT today, the final price for Landsbanki subordinated debt for the purpose of settling credit derivative transactions was determined to be 0.125%. <br /> <br /> At 2:00 pm GMT today, the final price for Landsbanki senior debt for the purpose of settling credit derivative transactions was determined to be 1.25%. <br /> <br /> The auctions were conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Landsbanki CDS Protocol. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Credit Event Auctions enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> <strong>- Ends - <br /> </strong><br /> For more information please contact: <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex <br /> </em>Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="http://[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com <br /> </a><br /> <strong>About Creditex <br /> </strong>Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-05">
<date>11/05/2008</date>
<title>Markit and Creditex Determine Price of Glitnir Senior Debt to Settle Credit Derivative Trades</title>
<content><p><strong>London and New York, NY</strong> – Creditex and Markit, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the senior debt of Glitnir Banki hf. </p> <p>At 2:00 pm GMT today, the final price for Glitnir senior debt for the purpose of settling credit derivative transactions was determined to be 3%. <br /> <br /> The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Glitnir CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> The Credit Event Auction enables market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on www.creditfixings.com. <br /> <br /> At 3:45 pm GMT today, the results of an auction to determine the final price for Glitnir subordinated debt for the purpose of settling credit derivative transactions will be published on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> Creditex and Markit will conduct a Credit Event Auction to facilitate the settlement of CDS contracts referencing Kaupþing Banki hf on November 6. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends - <br /> </strong><br /> <strong>For more information please contact: <br /> </strong><br /> <em>Creditex <br /> </em>Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Creditex <br /> </strong>Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-05-2">
<date>11/05/2008</date>
<title>Creditex and Markit Determine Price of Glitnir Subordinated Debt to Settle Credit Derivative Trades</title>
<content><strong>London and New York, NY</strong> – Markit and Creditex, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Glitnir Banki hf. <br /> <br /> At 3:45 pm GMT today, the final price for Glitnir subordinated debt for the purpose of settling credit derivative transactions was determined to be 0.125%. <br /> <br /> At 2:00 pm GMT today, the final price for Glitnir senior debt for the purpose of settling credit derivative transactions was determined to be 3%. <br /> <br /> The auctions were conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Glitnir CDS Protocol. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Credit Event Auctions enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> For more information please contact: <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex</em> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="http://[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.markit.com">www.creditex.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-06">
<date>11/06/2008</date>
<title>Markit and Creditex Determine Price of Kaupthing Senior Debt to Settle Credit Derivative Trades</title>
<content><strong>London and New York, NY</strong> – Creditex and Markit, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the senior debt of Kaupthing Banki hf. <br /> <br /> At 2:00 pm GMT today, the final price for Kaupthing senior debt for the purpose of settling credit derivative transactions was determined to be 6.625%. <br /> <br /> The auction was conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Kaupthing CDS Protocol. Creditex and Markit are the official administrators of Credit Event Auctions. <br /> <br /> The Credit Event Auction enables market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on www.creditfixings.com. <br /> <br /> At 3:45 pm GMT today, the results of an auction to determine the final price for Kaupthing subordinated debt for the purpose of settling credit derivative transactions will be published on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Glitnir Banki hf, Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> <em>Creditex <br /> </em>Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-06-2">
<date>11/06/2008</date>
<title>Creditex and Markit Determine Price of Kaupthing Subordinated Debt to Settle Credit Derivative Trades</title>
<content><strong>London and New York, NY</strong> – Markit and Creditex, in partnership with 14 major credit derivative dealers, today announced the results of a Credit Event Auction that determined a price to facilitate the settlement of credit derivative trades referencing the subordinated debt of Kaupthing Banki hf. <br /> <br /> At 3:45 pm GMT today, the final price for Kaupthing subordinated debt for the purpose of settling credit derivative transactions was determined to be 2.375%. <br /> <br /> At 2:00 pm GMT today, the final price for Kaupthing senior debt for the purpose of settling credit derivative transactions was determined to be 6.625%. <br /> <br /> The auctions were conducted in accordance with the International Swaps and Derivatives Association (ISDA) 2008 Kaupthing CDS Protocol. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Credit Event Auctions enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Creditex <br /> </em>Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="http://[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-13">
<date>11/13/2008</date>
<title>Markit Expands Executive Team With Appointment of Sal Naro</title>
<content><p><strong>London and New York, NY</strong> – Markit, a financial information services company, today announced that Sal Naro will join its executive team. <br /> <br /> Naro will join Markit’s New York office as Executive Vice President and Global Co-Head of Equities, Commodities and Risk Management, in partnership with London-based Executive Vice President Niall Cameron. <br /> <br /> Naro joins Markit from Sailfish Capital Partners where he was Co-Founder and Managing Partner. Sailfish, a multi-billion dollar fixed income hedge fund, wound itself down successfully before the current credit crisis. Previously, Naro worked at UBS for seven years, most recently as Managing Director and Global Co-Head of Fixed Income, a role that encompassed trading, syndication and research for all credit markets. He was also a member of the UBS Investment Bank Board of Directors. <br /> <br /> Prior to UBS, Naro was a Senior Managing Director and Global Head of Credit Trading at Bear Stearns where he worked for close to a decade. Naro holds a B.S. in Business Administration from Long Island University, and is a member of the university’s Board of Trustees. <br /> <br /> <strong>Lance Uggla, Chief Executive Officer of Markit, said:</strong> “Sal’s appointment to Markit’s global executive team marks an important step in positioning the firm for the future, and will complement the existing leadership group while strengthening our U.S. presence across a variety of businesses. The calibre of Markit’s management team allows us to capitalise on opportunities to grow both organically and through acquisition.” <br /> <br /> <strong>Sal Naro said:</strong> “I have worked closely with Markit for many years and have great admiration for the firm’s success in bringing transparency and efficiency to the OTC markets. I consider Markit to be the firm of choice in the financial information services arena and I look forward to being part of its drive to improve infrastructure in the global OTC markets.” <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Telephone: +44 20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected] </a></p> <p><em>About Markit <br /> </em>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-18">
<date>11/18/2008</date>
<title>Markit Announces Masonite International Corporation Credit Event</title>
<content><p><strong>London and New York, NY</strong> – Markit today announced that a credit event occurred at Masonite International Corporation and Markit LCDX index dealers voted to conduct a Credit Event Auction to facilitate the settlement of loan-only credit derivative trades referencing the company, which is a constituent of the Markit LCDX index. <br /> <br /> The auction terms, including the auction date, will be determined by Markit LCDX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website during the next few weeks. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> Masonite International Corporation is a constituent of series 8, 9 and 10 of the Markit LCDX index. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Auctions have been held to facilitate settlement of credit derivative trades referencing Kaupthing Banki hf, Glitnir Banki hf, Landsbanki Islands hf, Washington Mutual Inc., Lehman Brothers Holdings Inc., Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Tembec Industries Inc., Quebecor World Inc., Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. <br /> <br /> <strong>- Ends -</strong> </p> <p><strong>For more information please contact: <br /> </strong><br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-24">
<date>11/24/2008</date>
<title>Markit and Creditex Tear Up $1.036 Trillion CDS Trades</title>
<content><div><strong>London</strong><strong> and New York, NY – </strong>Creditex and Markit today announced the compression of $1.036 trillion in notional value of credit default swap (CDS) transactions since the successful launch of a coordinated programme of multilateral trade terminations in August this year.</div> <div> </div> <div>During the week of 17 November 2008, multilateral trade terminations administered by Creditex and Markit reduced the notional value of outstanding CDS trades referencing corporations in the consumer products, basic materials and financial services industries by more than $220 billion. </div> <div> </div> <div>Since August, a total of 14 dealers have participated in 26 portfolio compression runs which have lowered outstanding notional amounts significantly, decreased counterparty credit exposure and reduced operational risk in the CDS market. Creditex and Markit run portfolio compression cycles regularly and systematically across the major sectors to tear up trades in the most active single name CDS contracts. </div> <div> </div> <div>Portfolio compression reduces the overall notional size and the number of outstanding contracts in credit derivative portfolios without changing the risk profiles of the portfolios. This is achieved by terminating existing trades and replacing them with a smaller number of new replacement trades that carry the same risk profile and cash flows as the initial portfolio but require a smaller amount of regulatory capital to be held against the positions. </div> <div> </div> <div><strong>Sunil Hirani, Creditex Chairman and CEO,</strong> <strong>said</strong>: “The portfolio compression runs are a critical component in addressing operational issues highlighted by industry participants and regulators in recent months. We are pleased that our platform has been well received by market participants and will continue to help our clients meet their operational and capital needs at this crucial juncture of the markets.”</div> <div> </div> <div><strong>Kevin Gould</strong><strong>, Executive Vice President and Global Co-Head of Fixed Income at Markit, said: </strong>“The compression of over $1 trillion of CDS notional volumes in three months marks a milestone in the industry’s effort to reduce risk and improve operational efficiency in the credit derivative markets. Our new portfolio compression service has become an integral part of market infrastructure, and we are pleased to have helped major trading firms around the world to reduce risk during a period of market dislocation.”</div> <div> </div></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/11/2008-11-20">
<date>11/20/2008</date>
<title>MarketAxess Integrates Markit's Real Time CDS Quotes Into Electronic Trading Platform</title>
<content><strong>NEW YORK and LONDON, November 20, 2008</strong> – MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for credit, and Markit, a financial information services provider, today announced an alliance to integrate Markit Quotes into the MarketAxess client-to-multi-dealer trading platform. <br /> <br /> Markit Quotes is a real-time quote parsing service that extracts indicative over-the-counter prices from electronic messages. The integration of Markit Quotes with MarketAxess’ industry-leading fixed income electronic trading platform delivers a seamless workflow across the entire trade life cycle including pre-trade, trade execution and post-trade tools for both bonds and credit default swaps (CDS). <br /> <br /> <strong>Kelley Millet, President of MarketAxess, said:</strong> “With industry-wide focus on improving the CDS market structure, electronic trading has never been more relevant. Our highly complementary integration with Markit will address the demand from institutional investors for greater transparency and electronic trading technology that will best support changes in the credit markets.” <br /> <br /> <strong>Shane Akeroyd, Executive Vice President and Global Co-Head of Sales and Marketing at Markit, said:</strong> “This is the first time that quote parsing and electronic trading have been combined on a single platform. Markit is committed to improving market infrastructure and transparency, and the integration of Markit Quotes into the MarketAxess trading platform will provide fixed income market participants with greater insight into credit pricing as well as ease of execution.” <br /> <br /> <strong>Peter Marber, Global Head of GEM Fixed Income and Currencies at HSBC/Halbis Capital Management (USA), Inc., said:</strong> “Integrating Markit Quotes into the MarketAxess trading platform combines best-of-breed products and represents immense value at a time of market volatility and wider bid/offers. The enhanced trading platform is user-friendly, and will help traders identify the best market levels quickly and execute efficiently with a fully electronic audit trail for compliance purposes." <br /> <br /> Key features of the enhanced platform include: <br /> <br /> • <strong>Real-Time Price Discovery:</strong> Clients may view real-time pricing on Markit Quotes, an intuitive, customizable screen embedded in the MarketAxess trading platform. <br /> <br /> • <strong>Faster Execution:</strong> Clients can click any quote in Markit Quotes to launch a pre-populated MarketAxess order screen for any of the following instruments: CDS indices (Markit iTraxx and Markit CDX), CDS single-name corporates and sovereigns, U.S. agency and corporate (high grade and high yield) bonds, and emerging markets bonds (corporates and sovereigns). <br /> <br /> • <strong>Straight Through Processing:</strong> STP is offered via a link to DTCC Deriv/SERV and other trade confirmation services. All quotes and trades are identified using Markit RED, the industry-standard identification system used throughout the CDS market. <br /> <br /> - Ends - <br /> <br /> <strong>For additional information, please contact: <br /> </strong><br /> Trey Gregory <br /> MarketAxess Holdings Inc. <br /> +1-212-813-6382 <br /> <br /> William McBride <br /> Gavin Anderson & Co. (for MarketAxess) <br /> +1-212-515-1970 <br /> <br /> John Dooley <br /> Markit <br /> +1-212-205-1310 <br /> <br /> <strong>About MarketAxess</strong> <br /> MarketAxess operates one of the leading platforms for the electronic trading of corporate bonds and certain other types of fixed-income securities, serving as an electronic platform through which our approximately 650 active institutional investor clients can access the liquidity provided by our 49 broker-dealer clients. MarketAxess' multi-dealer trading platform allows our institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. MarketAxess offers our clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, credit default swaps, agencies, high-yield and emerging markets bonds. MarketAxess also provides data and analytical tools that help our clients make trading decisions, we provide connectivity solutions that facilitate the trading process by electronically communicating order information between trading counterparties and we provide our clients with ancillary technology services. Our DealerAxess® trading service allows dealers to trade fixed-income securities with each other on our platform. For more information, see <a href="http://www.marketaxess.com">www.marketaxess.com</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/02/2008-02-13">
<date>02/13/2008</date>
<title>Markit ERMBX Update</title>
<content><strong>London </strong>- Markit today announced that 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 U.K. prime mortgage-backed securities. Markit is the owner of the widely traded iTraxx and CDX credit derivative indices and the synthetic structured finance and loan indices ABX.HE, CMBX, LCDX and LevX. <br /> <br /> Following extensive 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. <br /> <br /> Ben Logan, Managing Director of Structured Finance at Markit, said: “It is Markit’s desire to create an index that will attract market support and be actively traded. We will continue to work towards completing the documentation for the index, and will update the market on any decisions that are taken about the launch in due course.” <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 20 7260 2094 <br /> Email: [email protected] <br /> <br /> <strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/02/2008-02-19">
<date>02/19/2008</date>
<title>Markit and Creditex Announce Initial Bidding Results of Quebecor Credit Event Auction</title>
<content><strong>London and New York, February 19, 2008 –</strong> Markit Group Limited (“Markit”) and Creditex Group Inc. (“Creditex”) announce the “Initial Bidding Period” results of the Credit Event Auction for contracts referencing Quebecor World Inc. The Inside Market Midpoint is 42.125% and the “Open Interest” is $66,000,000 to sell. Creditex and Markit are the official administrators of the Credit Event Auctions. <br /> <br /> The Inside Market Midpoint is the indicative level based on two-way markets entered into the auction by 13 participating dealers. The Open Interest is the net balance between buy and sell physical settlement requests submitted by participating dealers. <br /> <br /> During the “Subsequent Bidding Period” of the Credit Event Auction, dealers will submit Limit Offers to fill the Open Interest. The final price will be published at 2.00pm EST. The auction is run in accordance with the ISDA 2008 Quebecor CDS Protocol published on January 31, 2008. <br /> <br /> Participating dealers in a Credit Event Auction submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically who calculates and verifies the results, and publishes them on the official website www.creditfixings.com. <br /> <br /> Timeline for Credit Event Auction <br /> <br /> 9.45am - 10.00am Dealers submit Inside Markets, Physical Settlement Requests <br /> 10.30am Initial Bidding results published <br /> 12.45pm - 1pm Dealers submit Limit Bids or Offers (as applicable) <br /> 2.00pm Final Price published <br /> <br /> All times in EST. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> <strong>Markit <br /> </strong>Teresa Chick (London) +44 20 7260 2094 <br /> Nishul Saperia (NY) +1 212 931 4931 <br /> <br /> <strong>Creditex</strong> <br /> Brendan Nel (London) +44 20 7429 3041 <br /> Annette Bronkesh (NY) +1 973 778 8648 <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is the global market leader in the execution of credit derivatives. The first and leading e-trading platform in credit derivatives, Creditex is used by more than 1,000 traders at the world's top financial institutions. The platform has executed over $5 trillion notional this year in credit default swap (CDS) indices, single-name CDS and standardized structured credit products. Creditex has earned numerous accolades including ones from Credit, Euromoney, Forbes, IFR, Institutional Investor, Risk, Ernst & Young and Deloitte & Touche. <br /> <br /> <strong>About Markit</strong> <br /> Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> <br /> <br /> <p><strong>Final Auction Price is 41.25%</strong></p> <p>London and New York, February 19, 2008 – Markit Group Limited (“Markit”) and Creditex Group Inc. (“Creditex”), in partnership with 13 major credit derivative dealers, have successfully conducted a Credit Event Auction to generate a cash settlement price for contracts referencing Quebecor World Inc. At 2.00pm EST, the final price was fixed at 41.25%. Creditex and Markit are the official administrators of the Credit Event Auctions.</p> <p>Quebecor World Inc., a Canadian commercial printer, missed a January 15, 2008 interest payment on its senior notes and filed for protection from creditors on January 21, 2008, triggering a credit event on its CDS contracts referencing the company. </p> <p>The Credit Event Auction enabled institutions to cash settle single-name, index and tranche CDS at the final auction price. The auction was run in accordance with the ISDA 2008 Quebecor CDS Protocol published on January 31, 2008.</p> <p>During the Credit Event Auction, dealers submitted orders electronically on the Creditex platform. The auction submissions were delivered to Markit electronically who calculated and verified the results, and published them on the official website www.creditfixings.com.</p> <p>The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers to facilitate the settlement of credit derivative contracts in the event of a corporate default. Previous auctions were held for Movie Gallery, Collins & Aikman, Delta Air Lines, Northwest Airlines, Delphi Corporation, Calpine Corporation, Dana Corporation and Dura. </p> <p><strong>For further information, please contact:</strong> </p> <p><strong>Markit <br /> </strong>Teresa Chick (London) +44 20 7260 2094 <br /> Nishul Saperia (NY) +1 212 931 4931 <br /> <br /> <strong>Creditex</strong> <br /> Brendan Nel (London) +44 20 7429 3041 <br /> Annette Bronkesh (NY) +1 973 778 8648 <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is the global market leader in the execution of credit derivatives. The first and leading e-trading platform in credit derivatives, Creditex is used by more than 1,000 traders at the world's top financial institutions. The platform has executed over $5 trillion notional this year in credit default swap (CDS) indices, single-name CDS and standardized structured credit products. Creditex has earned numerous accolades including ones from Credit, Euromoney, Forbes, IFR, Institutional Investor, Risk, Ernst & Young and Deloitte & Touche. <br /> <br /> <strong>About Markit</strong> <br /> Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/02/2008-02-20">
<date>02/20/2008</date>
<title>Markit Expands Executive Team</title>
<content><p><strong>London </strong>– Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced that it has appointed Shane Akeroyd to its executive team. Akeroyd joined Markit this week as Executive Vice President and Co-Head of Global Sales and Marketing. <br /> <br /> Akeroyd will share responsibility for Markit’s global sales and marketing division with Mike Rushmore, Executive Vice President. Akeroyd’s extensive capital markets experience complements Rushmore’s knowledge of Markit’s product range, and will allow Markit to increase its distribution capabilities globally. <br /> <br /> Akeroyd has over 20 years of sales experience, having previously worked at RBC Capital Markets where he was Head of Global Debt Markets Distribution and a member of the executive management team. Prior to RBC, Shane was Vice Chair, Capital Market Sales at TD Securities, responsible for European, Asian and Australian sales. <br /> <br /> Lance Uggla, Chief Executive Officer of Markit, said: “With his extensive knowledge and experience of the OTC derivatives markets, Shane is a fantastic addition to Markit’s executive team. His appointment will allow us to explore new opportunities in the global markets, and develop new relationships with buy-side and sell-side institutions as well as strengthen existing ones.” <br /> <br /> Shane Akeroyd, Executive Vice President, Co-Head of Global Sales and Marketing at Markit, said: “The rapid growth of Markit since it was founded in 2001 is a remarkable success story and I am delighted to join such a dynamic and innovative team. Markit’s complex product offering calls for a sophisticated sales and marketing approach and I look forward to the challenges ahead.” <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications<br /> Markit<br /> Tel: +44 (0)20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/02/2008-02-21">
<date>02/21/2008</date>
<title>Markit to Launch First Multi Dealer Valuations Platform</title>
<content><p> </p> <p><img height="240" alt="" width="190" src="21/panelAds1Paragraphs/0/text_files/file/Jeff Gooch - Wood Panel Backdrop - Landscape_r1_c1.JPG" /></p> <p>Jeff Gooch, EVP, Markit<br /> <a href="21/panelAds1Paragraphs/0/text_files/file0/Jeff Gooch - Wood Panel Backdrop - Landscape.JPG">Click here to open full size image</a></p> <p><img height="240" alt="" width="190" src="21/panelAds1Paragraphs/0/text_files/file1/David Lefferts - Portrait.JPG" /><br /> <br /> David Lefferts, MD, Markit<br /> <a href="21/panelAds1Paragraphs/0/text_files/file2/David Lefferts - Portrait.JPG">Click here to open full size image</a></p> <p><strong>London and New York</strong> – Markit, the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, today announced plans to launch the first global, multi-bank, cross-asset client valuations platform. <br /> <br /> Markit Valuations Manager will bring considerable operational efficiency and transparency to a buy-side firm’s valuation process by offering electronic delivery of dealer OTC derivative and consensus cash valuations, alongside Markit’s own independent valuations, on a single platform. <br /> <br /> The initiative comes as recent regulatory and accounting changes have increased the importance of reliable, independent valuation sources for funds. Markit Valuations Manager will provide the buy-side with an accurate, efficient tool to handle the increased regulatory and accounting burden, and will enhance the integrity of position information, counterparty marks and third-party valuations. <br /> <br /> Jeff Gooch, Executive Vice President and Head of Valuations and Trade Processing at Markit, said: “Regulators around the world are increasingly focused on the importance of greater transparency, establishing best practice for client valuations, and a trusted, independent process is key. Markit Valuations Manager is a tremendously exciting initiative which will allow financial institutions to better understand and manage their risks at this challenging time.” <br /> <br /> Chris Ryan, Head of Global Credit Fixed Income and FICC Administration at UBS, said: “UBS is pleased to join with our peers and Markit to develop a valuation service which, in this challenging market environment, will provide our clients with greater transparency and more consistency in third-party valuations while increasing the efficiencies of this service.” <br /> <br /> "We are excited to work closely with Markit on this cross-asset class client valuations initiative. The new service should provide significant productivity gains for banks and clients, and improve audit trails between counterparties," said Lawrence Waller, Managing Director, Investment Banking Operations at JPMorgan. <br /> <br /> Six leading global investment banks have agreed to work with Markit to support the launch of the platform. The banks are: Citi, Credit Suisse, Goldman Sachs, JPMorgan, Merrill Lynch and UBS. They will provide Markit with end-of-day and end-of-month client valuations for OTC derivative instruments and cash securities. Markit will aggregate this information and offer clients access to a composite of dealer marks for cash securities and counterparty present values for OTC derivative positions. <br /> <br /> Clients will be able to compare the dealer marks with Markit’s independent valuations. Additionally, the platform will offer seamless integration with Markit’s Trade Processing solutions to allow full life cycle support for OTC derivative transactions. <br /> <br /> David Lefferts, Managing Director at Markit, will lead the initiative. Markit aims to launch the platform in the second half of 2008 with core coverage of bonds and derivatives. The platform will subsequently be expanded in phases to include more banks and all major cash and derivative asset classes, including structured instruments such as asset-backed and mortgage-backed securities. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: [email protected] <br /> Telephone: +44-20-7260-2094 <br /> <br /> <br /> <strong>About Citi</strong> <br /> Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com. <br /> <br /> <strong>About Credit Suisse <br /> </strong>As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. <br /> <br /> <strong>About Goldman Sachs <br /> </strong>Goldman Sachs is a global investment banking, securities and investment management firm. It provides a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organisations and high net worth individuals. The firm is headquartered in New York and maintains significant offices in London, Frankfurt, Tokyo, Hong Kong and other financial centres around the world. <br /> <br /> <strong>About JPMorgan</strong> <br /> JPMorgan (www.jpmorgan.com) is the investment banking arm of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com. <br /> <br /> <strong>About Markit</strong> <br /> Markit is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance. </p> <p><strong>About Merrill Lynch </strong><br /> Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 40 countries and territories and total client assets of almost $2 trillion. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch owns approximately half of BlackRock, one of the world's largest publicly traded investment management companies, with more than $1 trillion in assets under management. For more information on Merrill Lynch, please visit www.ml.com. <br /> <br /> <strong>About UBS</strong> <br /> UBS is one of the world’s leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses. <br /> UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. <br /> UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 38% of its employees working in the Americas, 33% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the Swiss Stock Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE). <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-04">
<date>09/04/2008</date>
<title>Markit Completes Acquisition of FCS from J.P. Morgan</title>
<content><p>London, New York, NY and Dallas, TX – Markit, a financial information services company, today announced that it has completed the acquisition of FCS Corporation from J.P. Morgan. <br /> <br /> The acquisition of FCS, the leading provider of syndicated loan market portfolio and risk management software and services, including the Wall Street Office family of products, will enable Markit to continue to develop new solutions to improve operational efficiency and transparency in the loan markets. <br /> <br /> Markit offers the most comprehensive loan data in the marketplace through its Markit Loans service which delivers daily global syndicated loan pricing on more than 6,700 loans together with real-time analytical tools. <br /> <br /> Mark Murray, formerly President of FCS, has been appointed Executive Vice President at Markit. The FCS business will continue to be headquartered in Dallas, Texas and will be integrated within Markit by year-end. <br /> <br /> Lance Uggla, Chief Executive Officer of Markit, said: “Markit’s acquisition of FCS brings together two highly complementary data and software services which will allow us to offer our clients critical infrastructure to support their activities in the loan market. The integration of our two teams is already under way and will lead to new solutions to improve market transparency and operational efficiency.” <br /> <br /> Mark Murray, Executive Vice President at Markit, said: “We are very excited to be part of Markit, a fast-growing, entrepreneurial firm. The combination of our two companies will give our clients greater insight into the loan markets alongside straight-through-processing capabilities, all on a single platform.” <br /> <br /> The combined companies comprise more than 350 loan market specialists with over 1,000 financial institutions as clients. <br /> <br /> - Ends - <br /> <br /> For further information, please contact: <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Tel: +44 20 7260 2094 </p> <p>John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> About Markit <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p> <p><br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-08">
<date>09/08/2008</date>
<title>Creditex and Markit Announce Successful Launch of Portfolio Compression Platform to Reduce Operational Risk in CDS Market</title>
<content><p><strong>London and New York</strong> – Markit and Creditex today announced the launch of an industry-wide portfolio compression platform for the credit derivative market with the first live runs completed successfully for single name credit default swaps (CDS) in the North American and European markets. <br /> <br /> The first North American live portfolio compression run, which took place on 27 August with the participation of 14 credit derivative dealers, was conducted for CDS contracts referencing several widely traded North American telecommunications companies. It achieved a 56% gross notional reduction of compressible[1] contracts and a 49% gross notional reduction across all participating counterparties. <br /> <br /> The first European live portfolio compression run was held on 4 September with the participation of 15 credit derivative dealers. The service was run on CDS contracts referencing several widely traded European telecommunications companies, and achieved a 53% gross notional reduction of compressible contracts and a 46% gross notional reduction across all participating counterparties. <br /> <br /> Markit and Creditex were selected by the International Swaps and Derivatives Association (ISDA) to provide infrastructure to support commitments made by major market participants to the Federal Reserve Bank of New York relating to improved operational efficiency and risk reduction. <br /> <br /> <strong>Michael Heaney, Head of US Credit Trading at Morgan Stanley, said:</strong> "The results from the inaugural portfolio compression runs in the US and Europe are reflective of the significant efforts market participants are making to improve credit derivative market infrastructure and strengthen the resiliency of the financial system. We welcome the initiative by Markit and Creditex." <br /> <br /> <strong>Brian Archer, Global Head of Credit Trading at Citi, said:</strong> "This is a significant achievement for the credit derivative market and a core component of the broad efforts being undertaken by major market participants to reduce operational risks and costs." <br /> <br /> <strong>Philip Olesen, Managing Director of Credit Trading at UBS Investment Bank, said:</strong> "We are pleased with the progress of this initiative. The new risk-neutral compression algorithm is a critical improvement which eliminates the need for involvement by front-office traders, thereby increasing the frequency of compression runs and dealer participation rates." <br /> <br /> The new portfolio compression methodology designed by Markit and Creditex is unique in that it reduces operational risk while leaving market risk profiles unchanged. This is achieved by terminating existing trades and replacing them with a smaller number of new replacement trades that carry the same risk profile and cash flows as the initial portfolio but have less capital exposure. <br /> <br /> The portfolio compression process will be run on a regular basis to compress the most actively traded single name CDS contracts systematically across all major sectors. This will reduce the total gross notional outstanding of CDS contracts in the $62 trillion market to a significantly smaller net amount. <br /> <br /> “We are pleased to have successfully launched our first portfolio compression runs in North America and Europe with the participation of the largest dealers in the CDS market. As we roll out this initiative across sectors globally, we will help the industry reduce risk and improve capital efficiency in the credit derivative markets,” <strong>said Kevin Gould, Executive Vice President and Global Head of Data Products and Analytics at Markit. <br /> </strong><br /> “This marks a major milestone in addressing operational issues highlighted by industry participants and regulators in recent months,” <strong>said Sunil Hirani, Creditex Chairman and CEO.</strong> “We are pleased to be working collaboratively with the dealer community to help improve operational efficiency and market scalability.” <br /> <br /> The portfolio compression initiative is the second major industry effort on which Markit and Creditex have collaborated with ISDA and the major dealers to provide critical market infrastructure. The two companies are official co-administrators of ISDA cash settlement auctions which allow for efficient and orderly settlement of credit derivative contracts following a corporate default. The cash settlement auction mechanism was launched in 2005 and has since been relied upon in connection with nine major corporate defaults, most recently that of Quebecor World Inc. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> <strong>Markit</strong> <br /> Teresa Chick<br /> Managing Director, Corporate Communications<br /> Tel: +44 20 7260 2094<br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p>John Dooley <br /> Vice President, Corporate Communications<br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>Creditex</strong> <br /> Annette Bronkesh <br /> Bronkesh Associates <br /> Tel: +1 973 778 8648 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> </p> <p><strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> <br /> <br /> For more information, see www.creditex.com <br /> <br /> <br /> <br /> <br /> <br /> -------------------------------------------------------------------------------- <br /> <br /> [1] A contract is compressible if an offsetting contract exists. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-09">
<date>09/09/2008</date>
<title>Markit Updates CDX Indices, RED Codes</title>
<content><strong>New York, NY</strong>- Markit, the financial information services company that owns the Markit CDX indices and Markit RED, today announced the following changes in response to the US government rescue of Federal National Mortgage Association ("Fannie Mae") and Federal Home Loan Mortgage Corporation ("Freddie Mac") under a conservatorship, which is classified as a bankruptcy credit event under the International Swaps and Derivatives Association (ISDA) credit derivative definitions: <br /> <br /> • New versions of all Markit CDX indices that include either Fannie Mae or Freddie Mac as a constituent were published yesterday with both entities removed. <br /> • New Markit RED codes were issued yesterday for the new versions of the Markit CDX indices, as well as for the Fannie Mae and Freddie Mac post-credit event entities, in order to reduce legal and operational risk in the credit derivative market. <br /> <br /> Further details can be found on Markit’s web site at: <br /> <a href="http://www.markit.com/information/products/category/indices/cdx.html ">http://www.markit.com/information/pr...dices/cdx.html <br /> </a><br /> The Markit CDX indices are the most widely traded credit derivative indices in North America. Markit RED is the industry standard for reference entity and reference obligation identifiers used throughout the credit derivative market in trading, documentation and trade settlement. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected] ">[email protected] <br /> </a>Telephone: +1 212 205 1310 <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected] ">[email protected]</a> <br /> Tel: +44 20 7260 2094 <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com ">www.markit.com</a>.</content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-10">
<date>09/10/2008</date>
<title>Markit to Launch ABX.HE 05-2 Index</title>
<content><p><strong>New York, NY</strong>- Markit, the financial information services company that owns the Markit ABX.HE index, today announced plans to launch an ABX.HE 05-2 index on October 2, 2008. The ABX.HE is a tradable synthetic index of U.S. sub-prime asset-backed securities. <br /> <br /> The addition of the new index, following a majority vote of licensed dealers, will provide institutional investors with a greater ability to gain or hedge exposure to an earlier vintage of U.S. residential mortgage-backed securities (RMBS). <br /> <br /> The Markit ABX.HE 05-2 index will reference 20 qualifying RMBS deals issued in the first half of 2005. The deals will be selected according to the rules governing the index which are publicly available on Markit’s web site at: <br /> <a href="http://www.markit.com/information/products/category/indices/abx/documentation.html">www.markit.com/information/products/category/indices/abx/documentation.html</a> </p> <p>- Ends - <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a><br /> Tel: +44 20 7260 2094 <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see www.markit.com. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-26">
<date>09/26/2008</date>
<title>Markit Annouces Roll of Markit iTraxx Asia Indices</title>
<content><p><strong>London </strong>– Markit, a financial information services company that owns the Markit iTraxx indices, today announced that the Markit iTraxx Asia indices will roll into their tenth series on 29 September 2008. <br /> <br /> <strong>Changes to index construction <br /> </strong>The Markit iTraxx Japan HiVol index will not roll into Series 10. The decision was taken based on dealer polls conducted by Markit. In addition, the 3-year and 10-year maturities of the Markit iTraxx Japan Main index as well as the 10-year maturity of the Markit iTraxx Australia index will be discontinued. These measures were taken to concentrate liquidity in the remaining maturities. <br /> <br /> <strong>Changes to index composition <br /> </strong>Based on liquidity polls, the following changes have been made to the Markit iTraxx Asia family of indices: <br /> • Two constituents were replaced in the Markit iTraxx Asia ex-Japan IG and one in the Markit iTraxx Asia ex-Japan HY. <br /> • Four constituents were replaced in the Markit iTraxx Japan Main index. <br /> • The Markit iTraxx Australia index remained unchanged. <br /> <br /> <em>Changes to the composition of the Markit iTraxx Japan Series 10 vs. Series 9</em> <br /> <br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Japan</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">iTraxx Japan Main</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Asahi Glass Company, Limited</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Central Japan Railway Company</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ITO-YOKADO Co., LTD</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">EBARA CORPORATION</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Mitsui Fudosan Co., Ltd.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Nomura Securities Co., Ltd.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">The Norinchukin Bank</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Sumitomo Metal Industries, Ltd.</span></div> </td> </tr> </tbody> </table> </p> <p><em> Changes to the composition of the Markit iTraxx Asia ex-Japan Series 10 vs. Series 9</em></p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Asia ex-Japan</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IG</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CAPITALAND LIMITED</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CHARTERED SEMICONDUCTOR MANUFACTURING LTD.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SK Energy Co., Ltd.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Export-Import Bank of India</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt; COLOR: #103b68">HY</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CHARTERED SEMICONDUCTOR MANUFACTURING LTD.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Hopson Development Holdings Limited</span></div> </td> </tr> </tbody> </table> </p> <p> Detailed constituent lists are available on www.markit.com and www.indexco.com. <br /> <br /> - Ends - <br /> <br /> <strong>For further information, please contact: <br /> </strong>Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors: <br /> </strong><br /> <em>About Markit iTraxx Asia-Pacific indices</em> <br /> <br /> Markit iTraxx Asia-Pacific indices, a family of synthetic indices referencing the most liquid names in the Asia-Pacific credit markets, comprise the following indices: <br /> • Markit iTraxx Asia ex-Japan HY <br /> • Markit iTraxx Asia ex-Japan IG <br /> • Markit iTraxx Australia <br /> • Markit iTraxx Japan Main <br /> <br /> <em>The investment banks licensed to trade the Markit iTraxx Asia-Pacific indices include: <br /> </em><br /> ABN AMRO, ANZ Bank (Australia only), Aozora, Barclays Capital, BNP Paribas, CALYON, Citi, Credit Suisse, Daiwa Securities (Japan only), Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Mitsubishi Securities, Mizuho (Japan only), Morgan Stanley, National Australia Bank (Australia only), nikkoCitigroup, Nomura, Royal Bank of Scotland, Shinsei, Société Générale (Asia ex-Japan and Australia), Standard Chartered (Asia ex-Japan only), UBS and Westpac Banking Corporation (Australia only). <br /> <br /> <em>About Markit <br /> </em><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-26-2">
<date>09/26/2008</date>
<title>Markit Announces Roll of Markit iTraxx Europe</title>
<content><p><strong>London</strong> – Markit, a financial information services company that owns the Markit iTraxx indices, today announced that the Markit iTraxx Europe indices will roll into their tenth series on 29 September 2008. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on liquidity polls, the following changes have been made to the Markit iTraxx Europe family of indices: <br /> • Six constituents were replaced in the Markit iTraxx Europe Main index. <br /> • Seven constituents were replaced in the Markit iTraxx Europe Crossover index. <br /> • Three constituents were replaced in the Markit iTraxx Europe HiVol index. <br /> <br /> <em>Changes to the composition of the Markit iTraxx Europe Main, HiVol and Crossover Series 10 vs. Series 9</em> </p> <p> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <thead> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx Europe, HiVol and Crossover</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 10</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></strong></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></strong></div> </td> </tr> </thead> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Markit iTraxx Europe Main</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Consumers</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Swedish Match AB</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">DSG INTERNATIONAL PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Energy</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BP P.L.C.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ENDESA</span><span style="FONT-SIZE: 10pt">, S.A.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">EDISON</span><span style="FONT-SIZE: 10pt"> S.P.A.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">GAZ DE FRANCE</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">GDF SUEZ</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KELDA GROUP PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">TOTAL SA</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SUEZ</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Industrials</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Holcim Ltd</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Ciba Specialty Chemicals Holding Inc.</span></div> <div style="MARGIN: 0in 0in 0pt"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Markit iTraxx Europe HiVol</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Deutsche Lufthansa Aktiengesellschaft</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Ciba Specialty Chemicals Holding Inc.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Holcim Ltd</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">DSG INTERNATIONAL PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">VOLKSWAGEN AKTIENGESELLSCHAFT</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">KELDA GROUP PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: #103b68">Markit iTraxx Europe Crossover</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Ciba Holdings Inc.</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BAA LIMITED</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">DSG INTERNATIONAL PLC</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BRITISH ENERGY HOLDINGS PLC</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Fresenius SE</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Evonik Degussa GmbH</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">HeidelbergCement AG</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">FKI plc</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">PERNOD RICARD</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 9.5pt">Hellas Telecommunications (Luxembourg) II</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SOCIETE AIR FRANCE</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">NXP B.V.</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SOL MELIA, SOCIEDAD ANONIMA</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong> </strong></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Scandinavian Airlines System Denmark-Norway-Sweden</span></div> </td> </tr> </tbody> </table> </p> <p>Detailed constituent lists are available on <a href="http://www.markit.com">www.markit.com</a> and <a href="http://www.indexco.com">www.indexco.com</a> . <br /> <br /> <strong>Additional market makers <br /> </strong>UBS and WestLB have become newly licensed market makers. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact:</strong> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications, Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <strong>About Markit iTraxx Europe Indices <br /> </strong><br /> Markit iTraxx Europe, a family of synthetic indices referencing the most liquid names in the European credit derivative markets, is comprised of the following indices: <br /> • Markit iTraxx Europe Main <br /> • Markit iTraxx Europe Crossover <br /> • Markit iTraxx HiVol <br /> • Markit iTraxx Europe Non-Financials <br /> • Markit iTraxx Europe Senior Financials, and <br /> • Markit iTraxx Europe Sub Financials. <br /> <br /> <strong>The investment banks licensed to trade the Markit European iTraxx indices include:</strong> <br /> <br /> ABN AMRO, Bank of America, Bank of Montreal, Barclays Capital, Bayerische Landesbank, BBVA, BNP Paribas, CALYON, Citi, Commerzbank, Credit Suisse, Deutsche Bank, Dresdner Kleinwort, DZ Bank, Goldman Sachs, Helaba Landesbank Hessen-Thüringen, HSBC, HSH Nordbank, HypoVereinsbank, ING, IXIS, JPMorgan, Landesbank Baden-Württemberg, Lehman Brothers, Merrill Lynch, Mitsubishi Securities, Morgan Stanley, Natixis, Nomura, Nord LB, Nordea, Royal Bank of Scotland, Santander, Société Générale, Straumur Burdaras, UBS and WestLB. <br /> <br /> <strong>About Markit <br /> </strong><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-26-3">
<date>09/26/2008</date>
<title>Markit Announces Roll of Markit iTraxx LevX</title>
<content><strong>London </strong>– Markit, a financial information services company that owns the Markit iTraxx indices, today announced that the Markit iTraxx LevX indices will roll into their third series on 29 September 2008. <br /> <br /> <strong>Changes to index composition</strong> <br /> Based on liquidity polls, nine constituents have been replaced in the Markit iTraxx LevX Senior index, while the constituents of the Markit iTraxx LevX Sub index remain unchanged. <br /> <br /> <em>Changes to the composition of the Markit iTraxx LevX Senior Series 3 vs. Series 2</em> <br /> <br /> <table style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="1"> <tbody> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #103b68; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Markit iTraxx LevX Senior</span></strong></div> <div style="MARGIN: 0in 0in 0pt" align="center"><strong><span style="FONT-SIZE: 10pt; COLOR: white">Series 3</span></strong></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">IN</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt" align="center"><span style="FONT-SIZE: 10pt; COLOR: #103b68">OUT</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; BACKGROUND: #b9cce5; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 426.1pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" valign="top" width="568" colspan="3"> <div style="MARGIN: 0in 0in 0pt" align="center"> </div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Alliance</span><span style="FONT-SIZE: 10pt"> Boots</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">McCarthy and Stone</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Biffa</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt"> </span></div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">BAA (Airport Development and Investment Limited)</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">ConvaTec</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Invensys</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Expro</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Cortefiel</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Gartmore</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Terreal</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">CHC Helicopters</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Lafarge Roofing</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Jupiter</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Carl Zeiss</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">SIG</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Vivarte</span></div> </td> </tr> <tr> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; WIDTH: 2.2in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="211"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Techem</span></div> </td> <td style="BORDER-RIGHT: windowtext 1.5pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 1.5in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="144"> <div style="MARGIN: 0in 0in 0pt"> </div> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #d4d0c8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #d4d0c8; WIDTH: 159.7pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-COLOR: transparent" valign="top" width="213"> <div style="MARGIN: 0in 0in 0pt"><span style="FONT-SIZE: 10pt">Hilding Anders</span></div> </td> </tr> </tbody> </table> <p><br /> Detailed constituent lists are available on <a href="http://www.markit.com">www.markit.com</a> and <a href="http://www.indexco.com">www.indexco.com</a> <br /> <br /> <strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact:</strong> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +44-20-7260-2047 <br /> <br /> <strong>Note to Editors:</strong> <br /> <br /> <strong>About Markit iTraxx LevX</strong> <br /> <br /> The Markit iTraxx LevX indices are synthetic indices launched in October 2006 and reference the most liquid names in the European leveraged loan CDS market. <br /> <br /> <strong>The investment banks licensed to trade the Markit iTraxx LevX include:</strong> <br /> <br /> Bank of America, Barclays Capital; BNP Paribas; Calyon; Credit Suisse; Deutsche Bank; Dresdner Kleinwort, Goldman Sachs; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; RBS; and UBS. <br /> <br /> <strong>About Markit</strong> <br /> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-26-4">
<date>09/26/2008</date>
<title>Markit Announces Roll of Markit CDX Indices</title>
<content><p><strong>New York, NY</strong> – Markit, a financial information services company and owner of the Markit CDX indices, today announced that the Markit CDX North America Investment Grade, Markit CDX North America High Volatility and Markit CDX North America Crossover indices will roll into their eleventh series on 29 September 2008. The Markit CDX Emerging Markets index will roll into its tenth series and the Markit CDX Emerging Markets Diversified index will roll into its eighth series on 29 September 2008. <br /> <br /> The Markit MCDX index will roll into its eleventh series on 3 October 2008 and the Markit CDX North America High Yield index will roll into its eleventh series on 6 October 2008. <br /> <br /> <strong>Changes to index composition <br /> </strong>Based on liquidity polls, the following changes have been made to the Markit CDX family of indices: <br /> • Ten constituents were replaced in the Markit CDX North America Investment Grade index. <br /> • Eight constituents were replaced in the Markit CDX North America High Volatility index. <br /> • Three constituents were replaced in the Markit CDX North America Crossover index. <br /> • Five constituents were replaced in the Markit CDX North America High Yield index. <br /> • There have been no changes to the composition of the Markit CDX Emerging Markets or the Markit CDX Emerging Markets Diversified indices. <br /> • There have been no changes to the composition of the Markit MCDX index. <br /> <em></em></p> <p><em>Changes to the composition of the Markit CDX North America indices Series 11 vs. Series 10: <br /> </em></p> <p> <table style="MARGIN-LEFT: 4.9pt; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt" cellspacing="0" cellpadding="0" border="0" class="MsoNormalTable"> <tbody> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #003366; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 12.75pt" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><strong><span lang="EN" style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-ansi-language: EN">Markit CDX <st1:place w:st="on">North America</st1:place> </span></strong><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial"><o:p></o:p></span></strong></p> </td> </tr> <tr style="HEIGHT: 13.5pt; mso-yfti-irow: 1"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; BACKGROUND: #003366; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><strong><span lang="EN" style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial; mso-ansi-language: EN">Series 11</span></strong><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: white; FONT-FAMILY: Arial"><o:p></o:p></span></strong></p> </td> </tr> <tr style="HEIGHT: 13.5pt; mso-yfti-irow: 2"> <td style="BORDER-RIGHT: windowtext 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" valign="top"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN">IN</span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 2.25pt double; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" valign="top"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" valign="top"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN">OUT</span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 3"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; BACKGROUND: #ccccff; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 12.75pt; mso-border-top-alt: solid windowtext 1.0pt" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial">Investment Grade<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 39pt; mso-yfti-irow: 4"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">YUM! Brands, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Federal Home Loan Mortgage Corporation<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 5"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Ryder System, Inc<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Federal National Mortgage Association<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 6"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Xerox Corporation<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Liz Claiborne, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 7"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">TIME WARNER CABLE INC.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">MeadWestvaco Corporation<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 8"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Staples, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Radian Group Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 9"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Mohawk Industries, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SPRINT NEXTEL CORPORATION<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 10"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">BARRICK GOLD CORPORATION<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">BRUNSWICK CORPORATION<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 11"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">XTO Energy Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Rohm and Haas Company<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 12"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">United Parcel Service, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">RIO TINTO ALCAN INC.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 13; mso-prop-change: 'teresa.chick' 20080926T1410"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">ERP Operating Limited Partnership<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p> </o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Washington Mutual, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 14"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; BACKGROUND: #ccccff; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 12.75pt" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN">High Volatility</span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 15"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">American Express Company<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">BRUNSWICK CORPORATION<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 16"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">American International Group, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Fortune Brands, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 17"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">ERP Operating Limited Partnership<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Kohl's Corporation<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 18"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">General Electric Capital Corporation<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Liz Claiborne, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 19"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">International Lease Finance Corporation<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">MeadWestvaco Corporation<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 20"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Metlife, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Radian Group Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 21"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Mohawk Industries, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SPRINT NEXTEL CORPORATION<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 22"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Motorola, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span></strong><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Washington Mutual, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 23"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; BACKGROUND: #ccccff; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-top-alt: windowtext .5pt; mso-border-left-alt: windowtext 1.0pt; mso-border-bottom-alt: windowtext .5pt; mso-border-right-alt: black 1.0pt; mso-border-style-alt: solid" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN">Crossover</span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 24"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Liz Claiborne, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-ansi-language: EN"> </span></strong><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">American Axle & Manufacturing, Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 25"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">MeadWestvaco Corporation <o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="top"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="top"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The Mosaic Company<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 26"> <td style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; HEIGHT: 12.75pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">SPRINT NEXTEL CORPORATION<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Unum Group<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 27"> <td style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; BACKGROUND: #ccccff; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-top-alt: windowtext .5pt; mso-border-left-alt: windowtext 1.0pt; mso-border-bottom-alt: windowtext .5pt; mso-border-right-alt: black 1.0pt; mso-border-style-alt: solid" valign="top" colspan="3"> <p class="MsoNormal" style="TEXT-ALIGN: center" align="center"><span lang="EN" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial; mso-ansi-language: EN">High Yield</span><span lang="EN-GB" style="FONT-SIZE: 10pt; COLOR: #003366; FONT-FAMILY: Arial"><o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 28"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Boyd Gaming Corporation<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Allegheny Energy Supply Company, LLC<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 29"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Louisiana-Pacific Corporation<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The Mosaic Company<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 30"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Radian Group Inc<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Freeport-McMoRan Copper & Gold Inc.<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 12.75pt; mso-yfti-irow: 31"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">SPRINT NEXTEL CORPORATION<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12.75pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext 1.0pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">ALLTEL Corporation<o:p></o:p></span></p> </td> </tr> <tr style="HEIGHT: 13.5pt; mso-yfti-irow: 32; mso-yfti-lastrow: yes"> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt; mso-border-left-alt: solid windowtext 1.0pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Tyson Foods, Inc.<o:p></o:p></span></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt; mso-border-bottom-alt: solid windowtext 1.0pt; mso-border-right-alt: solid windowtext .5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><strong><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> <o:p></o:p></span></strong></p> </td> <td style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: medium none; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 13.5pt" valign="bottom" nowrap="nowrap"> <p class="MsoNormal"><span lang="EN-GB" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">IKON Office Solutions, Inc.<o:p></o:p></span></p> </td> </tr> </tbody> </table> </p> <p><em></em> Detailed constituent lists are available on <a href="http://www.markit.com">www.markit.com</a>. <br /> <br /> <strong>- Ends -</strong> <br /> <br /> For further information, please contact: <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1-212-205-1310 <br /> <br /> <strong>Note to Editors: <br /> </strong><br /> <em>About Markit CDX indices <br /> </em><br /> Markit is the owner of the Markit CDX family of indices, the most widely traded credit derivatives indices in North America. <br /> <br /> <em>The investment banks licensed to trade the Markit CDX indices include: <br /> </em><br /> ABN AMRO, Bank of America, BNP Paribas, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch, Morgan Stanley, UBS and Wachovia. <br /> <br /> <em>About Markit <br /> </em><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a>. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-29">
<date>09/29/2008</date>
<title>Markit CDX Index Rolls Postponed</title>
<content><p><strong>New York, NY</strong> – Markit, a financial information services company and owner of the Markit CDX indices, today announced that it has postponed the rolls of the Markit CDX North America Investment Grade, Markit CDX North America Investment Grade High Volatility, Markit CDX North America Crossover, Markit CDX Emerging Markets and Markit CDX Emerging Markets Diversified indices. </p> <p>This decision was taken after Markit CDX index dealers voted to postpone the rolls due to market conditions and requests from their clients.</p> <p>The aforementioned indices will roll into new versions on 2 October 2008 instead of on 29 September 2008 as previously announced. The indices will have an annex date of 2 October 2008 and an effective date of 21 September 2008. <br /> <br /> As previously scheduled, the Markit MCDX index will roll into its eleventh series on 3 October 2008 and the Markit CDX North America High Yield index will roll into its eleventh series on 6 October 2008. </p> <p><strong>- Ends -</strong> <br /> <br /> <strong>For further information, please contact: <br /> </strong>John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a>Telephone: +1-212-205-1310 <br /> <br /> <strong>Note to Editors: <br /> </strong><br /> <em>About Markit CDX indices <br /> </em><br /> Markit is the owner of the Markit CDX family of indices, the most widely traded credit derivatives indices in North America. <br /> <br /> <em>The investment banks licensed to trade the Markit CDX indices include: <br /> </em><br /> ABN AMRO, Bank of America, BNP Paribas, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch, Morgan Stanley, UBS and Wachovia. <br /> <br /> <em>About Markit <br /> </em><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2008/09/2008-09-30">
<date>09/30/2008</date>
<title>Markit ABX.HE Index Launch Postponed</title>
<content><p><strong>New York, NY</strong>- Markit, the financial information services company that owns the Markit ABX.HE index, today announced that it has postponed the launch of the Markit ABX.HE 05-2 index. The ABX.HE is a tradable synthetic index of U.S. sub-prime asset-backed securities. </p> <p>Markit ABX.HE index dealers voted to postpone the launch due to market conditions. </p> <p>As previously announced, the Markit ABX.HE 05-2 index was scheduled to launch on 2 October 2008. A new launch date has not been determined. <br /> <br /> <strong>- Ends - <br /> </strong><br /> <strong>For further information, please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> Telephone: +1 212 205 1310 <br /> <br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a>Tel: +44 20 7260 2094 <br /> <br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see <a href="http://www.markit.com">www.markit.com</a>. </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-06">
<date>01/06/2009</date>
<title>Markit and Creditex Determine Price of Tribune Company Debt to Settle Credit Derivative Trades</title>
<content><strong>London and New York, NY</strong> – Creditex and Markit, in partnership with major credit derivative dealers, today announced the results of Credit Event Auctions conducted to facilitate settlement of credit derivative trades referencing Tribune Company bonds and loans. This marks the first time that auctions were run to settle both credit default swaps (CDS) and loan-only credit default swaps (LCDS) contracts in connection with a single reference entity default. <br /> <br /> At 3:00 pm ET today, the final price of Tribune bonds was determined to be 1.5% for the purpose of settling credit derivative transactions. The final price of Tribune loans was determined to be 23.75% for the purpose of settling loan-only credit derivative transactions. <br /> <br /> Creditex and Markit are the official administrators of Credit Event Auctions, which enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Creditex and Markit in collaboration with the International Swaps and Derivatives Association and major credit derivative dealers. Since then, Creditex and Markit have conducted 28 Credit Event Auctions, including today’s Tribune auctions, and the process has become an integral part of the CDS market’s infrastructure. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact:</strong> <br /> <br /> <em>ICE/Creditex</em> <br /> Sarah Stashak <br /> Director, Investor and Public Relations <br /> Tel: +1 770 857 0340 <br /> <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <em>Markit</em> <br /> John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Creditex</strong> <br /> Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-08">
<date>01/08/2009</date>
<title>Markit iTraxx LevX Dealers Vote to Conduct Credit Event Auction to Settle LCDS Trades Referencing Sanitec</title>
<content><strong>London –</strong> Markit today announced that Markit iTraxx LevX index dealers have voted for a Credit Event Auction to facilitate settlement of loan-only credit default swap (LCDS) trades referencing Sanitec, which is a constituent of the Markit iTraxx LevX. This will be the first European leveraged loan credit event auction. <br /> <br /> The auction terms, including the auction date, will be determined by Markit iTraxx LevX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> The auction date, once it has been determined, will be posted on www.creditfixings.com. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Since then, Markit and Creditex have conducted 28 Credit Event Auctions and the process has become an integral part of the CDS market’s infrastructure. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> Teresa Chick <br /> Managing Director, Corporate Communications <br /> Markit <br /> Tel: +44 (0)20 7260 2094 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> Caroline Lumley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +44 (0)20 7260 2047 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit <br /> </strong><br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-08-1">
<date>01/08/2009</date>
<title>Markit LCDX Dealers Vote to Conduct Credit Event Auction to Settle LCDS Trades Referencing Lyondell Chemical Company</title>
<content><p><strong>London and New York, NY</strong> – Markit today announced that Markit LCDX index dealers have voted for a Credit Event Auction to facilitate settlement of loan-only credit default swap (LCDS) trades referencing Lyondell Chemical Company, which is a constituent of the Markit LCDX index. </p> <p>The auction terms, including the auction date, will be determined by Markit LCDX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website. Markit and Creditex are the official administrators of Credit Event Auctions. </p> <p>A separate Credit Event Auction will be held to facilitate the settlement of CDS trades referencing Lyondell, which is a constituent of the Markit CDX index. <br /> <br /> The auction dates, once they have been determined, will be posted on www.creditfixings.com. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Since then, Markit and Creditex have conducted 28 Credit Event Auctions and the process has become an integral part of the CDS market’s infrastructure. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-12">
<title>Markit iTraxx LevX Dealers Vote to Conduct Credit Event Auction to Settle LCDS Trades Referencing British Vita</title>
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<date>01/12/2009</date>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-14">
<date>01/14/2009</date>
<title>Creditex and Markit Determine Price of Ecuador Debt to Settle Credit Derivative Trades</title>
<content><p><strong>London and New York, NY</strong> – Markit and Creditex, in partnership with major credit derivative dealers, today announced the results of a Credit Event Auction conducted to facilitate settlement of credit derivative trades referencing Ecuador debt. This marks the first time that a Credit Event Auction has been run to settle credit default swaps (CDS) referencing the debt of a sovereign nation or an emerging market credit. </p> <p>At 2:00 pm ET today, the final price of Ecuador bonds was determined to be 31.375% for the purpose of settling credit derivative transactions. Market participants who bought protection against an Ecuador default will receive the face value of their bonds in exchange for a payment of 31.375% of face value to protection sellers. <br /> <br /> Markit and Creditex are the official administrators of Credit Event Auctions, which enable market participants to cash settle credit derivative transactions. During a Credit Event Auction, dealers submit orders electronically on the Creditex platform. The auction submissions are delivered to Markit electronically. Markit calculates and verifies the results, and publishes them on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with the International Swaps and Derivatives Association and major credit derivative dealers. Since then, Markit and Creditex have conducted 29 Credit Event Auctions, including today’s Ecuador auction, and the process has become an integral part of the CDS market’s infrastructure. <br /> <br /> - Ends - <br /> <br /> For more information please contact: <br /> <br /> <em>Markit <br /> </em>John Dooley <br /> Vice President, Corporate Communications <br /> Tel: +1 212 205 1310 <br /> <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <em>ICE/Creditex</em> <br /> Sarah Stashak <br /> Director, Investor and Public Relations <br /> Tel: +1 770 857 0340 <br /> <a href="mailto:[email protected]">[email protected] <br /> </a><br /> <strong>About Markit <br /> </strong>Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a> <br /> <br /> <strong>About Creditex <br /> </strong>Creditex is a global market leader and innovator in execution and processing of credit derivatives. The company operates a hybrid model of voice and electronic execution, and was the first to successfully launch electronic trading for CDS in 2004. In addition to its core execution business, Creditex has two operating subsidiaries, T-Zero and Q-WIXX, which provide additional electronic processing and execution services in the CDS space. Creditex Group is a wholly-owned subsidiary of IntercontinentalExchange, Inc. (ICE). <br /> <br /> For more information, see <a href="http://www.creditex.com">www.creditex.com</a> <br /> </p></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-27">
<date>01/27/2009</date>
<title>Markit LCDX Dealers Vote to Conduct Credit Event Auction to Settle LCDS Trades Referencing Smurfit-Stone Container Enterprises, Inc.</title>
<content><strong>London and New York, NY</strong> – Markit today announced that Markit LCDX index dealers have voted to hold a Credit Event Auction to facilitate settlement of loan-only credit default swap (LCDS) trades referencing Smurfit-Stone Container Enterprises, Inc., which is a constituent of the Markit LCDX index. <br /> <br /> The auction terms, including the auction date, will be determined by Markit LCDX dealers according to LCDS Auction Rules published on the International Swaps and Derivatives Association (ISDA) website. Markit and Creditex are the official administrators of Credit Event Auctions. <br /> <br /> A separate Credit Event Auction will be held to facilitate settlement of CDS trades referencing Smurfit-Stone, which is a constituent of the Markit CDX index. <br /> <br /> The auction dates, once they have been determined, will be posted on <a href="http://www.creditfixings.com">www.creditfixings.com</a>. <br /> <br /> The Credit Event Auction process was launched in 2005 by Markit and Creditex in collaboration with ISDA and major credit derivative dealers. Since then, Markit and Creditex have conducted 29 Credit Event Auctions and the process has become an integral part of CDS market infrastructure. <br /> <br /> - Ends - <br /> <br /> <strong>For more information please contact: <br /> </strong><br /> John Dooley <br /> Vice President, Corporate Communications <br /> Markit <br /> Tel: +1 212 205 1310 <br /> Email: <a href="mailto:[email protected]">[email protected]</a> <br /> <br /> <strong>About Markit</strong> <br /> Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. <br /> <br /> For more information, see <a href="http://www.markit.com">www.markit.com</a></content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/01/2009-01-29">
<date>01/29/2009</date>
<title>TZ1 Registry in Discussions to Sell Business to Global Financial Services Company Markit</title>
<content><p>29 January 2009 - NZX Limited is in advanced discussions to sell its wholly owned registry business TZ1 Registry to Markit, a global financial information services company headquartered in the UK. The acquisition is expected to complete in the first quarter of 2009, subject to relevant board approvals and completion of bilateral due diligence. </p> <p>TZ1 Registry is the arm of the wider TZ1 carbon market business that records carbon credit generation, purchase and retirement. </p> <p>Markit is a leading provider of data, valuations and trade processing services for the over-thecounter (OTC) markets, including the OTC commodities markets. The company is credited with increasing transparency and reducing risk in the OTC markets. </p> <p>NZX CEO Mark Weldon said, “NZX considered retaining TZ1 as a 100% owned subsidiary, based on our strong belief that the management team would continue to grow the business successfully from New Zealand. However, the opportunity to cement a transaction with Markit that retained a meaningful economic interest for NZX in the TZ1 Registry business, and to combine that with Markit's global reach and distribution networks, was compelling.” </p> <p>Under the terms of the proposed transaction, NZX will sell Markit 100% of the shares of TZ1 in exchange for consideration payable in Markit shares. </p> <p>Lance Uggla, CEO of Markit, said, “In order for the market to trade environmental products, standards need to be set, and information provided to market participants by a trusted source. TZ1 has established itself as a key player in the carbon markets and we are delighted to partner with NZX in this exciting area. Combined with Markit, we will be able to facilitate the next important stage in the company’s growth and help the markets to develop further by increasing transparency in the environmental markets.” </p> <p>Niall Cameron, Executive Vice President of Markit, said, “TZ1 has created a world-class brand in environmental credit registries and is a leading player in the development of standards in the US and UK. We see the TZ1 product, the team and its rapidly growing client base as a natural complement to our own global data offering.” </p> <p>“This transaction, its current value and upside potential to both parties, as well as the potential value of the Markit relationship to NZX, are all testament to the strategy developed by the TZ1 team, who have done a tremendous job building up the TZ1 business to global significance in a short period of time,” said Weldon. </p> <p>TZ1 CEO Mark Franklin said, “This is the right deal, at the right time, with the right structure, and the right partner. The TZ1 management team is confident of the prospects of the TZ1 Registry and believes that TZ1 will continue to deliver real economic value to NZX through to the final payout at the end of 2011. As a team we are proud of our product offering, and of the value created so far.” </p> <p>TZ1 Registry CEO, Helen Robinson said, "This is a great business, and we are excited to see it go to the next level in short order." </p> <p>“NZX has a positive view of the long-term financial prospects of Markit and its business model," said Weldon. “Whilst the structure of this transaction will deliver short and medium term value to NZX, we also believe NZX will derive ongoing value from the Markit relationship.” </p> <p>ENDS </p> <p>For more information please contact: </p> <p>NZX <br /> Lucy McFadden <br /> Media & Investor Relations <br /> +64 4 496-2890 <br /> +64 27 512 7832 <br /> <a href="mailto:[email protected]">[email protected]</a> </p> <p>Markit <br /> Teresa Chick <br /> Corporate Communications <br /> +44 20 7260 2094 <br /> <a href="mailto:[email protected]">[email protected]</a></p> <p> </p> January</content>
</PressRelease>
- <PressRelease dcr="/markit/PressRelease/data/2009/02/ij-february-2009">
<title>Ian Jones - 23 February Press Release</title>
<text><h3 align="center"><em><u>Alberto Puig</u></em> </h3><p>Dani Pedrosa’s mentor and manager Alberto Puig is taking a cautious approach in his evaluation of this week’s MotoGP rule changes, ratified by the FIM in Switzerland on Wednesday with the intention of reducing costs in the World Championship.</p><p>We can’t really say too much until we see the measures in practice,” Puig told motogp.com. “The changes have been made as an attempt to make things cheaper for everyone and we now have to wait and see how things go at a technical level.”</p><p>”One obvious thing is that the bikes don’t have to be brand new each season,” Puig added. “If we can save ourselves a bit of investment in that area to make things simpler then it would be fine, because the riders are going to compete with whatever machinery they get given. Where safety is concerned, the more we can provide to prevent crashes, the better it is for the riders. I don’t think the measures that have been approved now are at odds with that, but is difficult to make a judgment yet, before seeing what happens.”</p><p>Of the new rules announced this week, one which Puig has questioned relates to the reduced amount of post-race tests this season - and the use of test riders only in the two which remain on the calendar at Barcelona and Brno.</p></text>
- <images>
<imagesrc>/assets/images/CareerSpotlight/nishul_saperia_photo.png</imagesrc>
<imagewidth />
<imageheight />
<imagealt>Alberto Puig</imagealt>
</images>
<date>02/23/2009</date>
- <tags>
<tag>ABS Pricing, Desktop, LCDS Pricing</tag>
</tags>
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my xsl/xslt is as follows
Code:
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<xsl:include href="http://www.interwoven.com/livesite/xsl/HTMLTemplates.xsl"/>
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Thanks
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March 5th, 2009, 01:39 PM
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Friend of Wrox
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That way we are not getting anywhere. The stylesheet includes other stylesheets, what you posted as the XML input is a longish mess that looks more like a copy/paste from some web browser than like well-formed XML.
There is a reason I ask you to isolate the problem and post a minimal but complete XML input and stylesheet.
I want to be able to quickly take the XML and stylesheet from the post and try it in an XML editor, without needing to include other stylesheets and/or to try to fix any input to be well-formed.
__________________
Martin Honnen
Microsoft MVP (XML, Data Platform Development) 2005/04 - 2013/03
My blog
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