MarkitHomebulletCareersbulletContact UsbulletSite Mapbullet
Default Message
 

CDS IndexCo and Markit Announce Additions to the CDX North America Investment Grade Index, Which is Set to Roll on September 20, 2007

New York, September 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 which companies will be added to the CDX North America Investment Grade Index (CDX.NA.IG), which is set to roll on September 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.

COMPANIES TO BE ADDED TO AND REMOVED FROM THE CDX.NA.IG INDEX

The following table outlines the companies that will be added to and removed from the CDX.NA.IG Index. Companies that were removed from the index were announced yesterday, September 6, 2007, after the close of market via press release. The changes to the index will be effective as of the roll date.

INDEX ADDED REMOVED
CDX.NA.IG Series 9 • Gannett Co., Inc.
• Belo Corp.
• The Home Depot, Inc.
• Darden Restaurants, Inc.
• Liz Claiborne, Inc.
• Fortune Brands, Inc.
• iStar Financial, Inc.
• Quest Diagnostics Incorporated
• First Data Corporation
• Olin Corporation
• Temple-Inland Inc.
• Boston Scientific Corporation
• Residential Capital, LLC
• ALLTEL Corporation
• Expedia, Inc.
• Tyson Foods, Inc.



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.NA.IG, please go to www.markit.com.

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

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 ("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 over 85 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.