Wednesday, 3 September 2008

New Trade Terms

"CDX North America
A portfolio of credit-default swaps of the most volatile entities contained in the Dow Jones CDX North America Investment Grade index. The
Dow Jones CDX North America Investment Grade index is a portfolio of credit-default swaps of investment grade entities domiciled in North
America. The portfolio is constructed with the objective of enhancing overall liquidity."
Covered Bond
A bond backed by specific pools of public sector loans or mortgages. It has an additional guarantee.
iHub
Hosted business communications provider
ISM
Insttitue of Supply Management
iTraxx Europe
Index of credit default swaps, collated on behalf of Markit. Tthe most liquid 125 CDS referencing European investment grade credits, subject to certain sector rules as determined by the IIC and also as determined by the SEC.

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