Sep 22, 2009
Cadwalader, Wickersham and Taft LLP represented Markit North America Inc. (“Markit”) with the development and structuring of indices tracking the approximately $270 billion convertible bond market. On September 23, 2009, Markit will launch the first series of the CVBX and the CVEX indices. The CVBX index tracks the performance of a portfolio of convertible bonds while the CVEX Index tracks the performance of the equity securities into which the convertible bonds in the CVBX index are convertible.
These indices will provide a macro trading product for the convertible bond market that was unavailable until now and are intended to act as both a benchmark for the convertible bond market and an efficient trading vehicle for market participants.
If you have any questions regarding the foregoing please contact:
Lary Stromfeld +1 212 504-6291 firstname.lastname@example.org
Steven Lofchie +1 212 504-6700 email@example.com
Doug Donahue +1 212 504-6511 firstname.lastname@example.org
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
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