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Markit LCDX News
Masonite International Corporation Credit Event Auction to be Held
18 November 2008 – Markit LCDX dealers, polled by Markit, voted to conduct a Credit Event Auction for Masonite International Corporation (Masonite) on a date to be determined. On Oct 15th, 2008, Masonite failed to make a payment on its senior subordinated notes. Masonite also failed to make interest payments within the 30 day grace period which resulted in a default on November 14th, 2008. The Event Determination Date is 18 November 2008. Masonite International Corporation is a constituent of LCDX Series 8, 9 and 10. Masonite International Corporation is not a constituent of any other Markit index.
Markit LCDX Index Roll Postponed
3 October 2008 - London and New York, NY- 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 launchof a market standard non-cancellable single name loan credit-default swap (CDS) contract.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.
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.
Reynolds American Inc. Removed from Markit LCDX NA Series 8
A dealer poll conducted by Markit has resulted in the removal of Reynolds American Inc. from the LCDX Series 8 Index effective close of business August 12, 2008. The Markit LCDX NA Series 8 Version 6 Annex is published on the Markit LCDX Documentation page. The Markit LCDX NA Series 8 Version 6 RED Code is 5F199GAH5.Coupons for Markit LCDX North America Set to Roll on April 8, 2008
April 3, 2008 - The initial coupons for the Markit LCDX NA Index rolling on April 8, 2008 can be found in the table below.| INDEX | 3Y | 5Y |
|---|---|---|
| Markit LCDX NA Series 10 | 275 | 325 |
