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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
* All coupons are expressed in basis points