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CDS IndexCo and Markit Announce Final Portfolio Constructions of the CDX Emerging Market and Emerging Market Diversified Indexes Which are Set to Roll on March 20, 2007
NEW YORK, March 7, 2007 – CDS IndexCo LLC (“CDS IndexCo”), a consortium of 16 investment banks licensed as market makers in the CDX indices, and Markit Group Limited (“Markit”), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced the final portfolio constructions of the CDX Emerging Market Index (CDX.EM) and the CDX Emerging Market Diversified Index (CDX.EM Diversified) which are set to roll on March 20, 2007. The portfolio selection process was conducted by Markit, the index administrator, with input from the member banks of the CDS IndexCo consortium.
The member banks that are part of the CDS IndexCo consortium include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
FINAL PORTFOLIO CONSTRUCTION OF THE CDX EMERGING MARKET AND EMERGING MARKET DIVERSIFIED INDEXES
The following table outlines the final changes to the CDX.EM Index and the CDX.EM Diversified Index. The weightings of the indexes is unchanged. The changes to the indexes will be effective as of the roll date.
| INDEX | ADDED* | REMOVED# |
| CDX EM Series 7 | · No change | · No change |
| CDX EM Diversified Series 5 | · Oriental Republic of Uruguay | · Republic of Ecuador |
The index is scheduled to roll every six months in order to rebalance the portfolio as necessary.
To view the underlying constituents of each index, daily prices and spreads, constituent information and documentation for CDX EM and CDX EM Diversified, please go to www.markit.com.
*The underlying names which were added to CDX EM Diversified Series 5 are not present in CDX EM Diversified Series 4.
#The underlying names which were removed from CDX EM Diversified Series 5 remain present in CDX EM Diversified Series 4.
For additional information regarding this press release please contact:
CDS IndexCo
Michael Mandelbaum
Tel: +1 310 785-0810
Email: michael@mandelbaummorgan.com
Markit
Teresa Chick
Tel: +44 20 7260 2094
Email: teresa.chick@markit.com
Note to Editors:
About CDS IndexCo
CDS IndexCo is a consortium of 16 investment banks which are licensed as market makers in the CDX indices. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
About Markit
Markit Group Limited 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 over 70 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.
Markit's position in the derivatives markets has been acknowledged by the industry with numerous awards. In 2006, the company won Operations Management's Vendor of the Year award (Trade Processing); Financial News' Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit's Best Operational Support Services Provider; Inside Market Data's Reference Data Provider of the Year, and Company to Watch; Risk's Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International's Editor's Award for Advancing Structured Finance. In 2005, Markit received International Securitisation Report's Editor's Award for Innovation; International Financing Review's Innovation of the Year (Credit Event Fixings); Financial News' Best Derivatives Data Provider; and Operations Management's Vendor of the Year award.