CDS IndexCo and Dow Jones Indexes Announce the Final Composition of Its New US Crossover Index.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CDS IndexCo LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Dow Jones Indexes, publishers of the Dow Jones CDX CDX Companion Dog Excellent (AKC Obedience Title) CDX Cyber-Defense Exercise CDX Central Data Exchange CDX Community Development Exchange (UK community development organization) CDX Commercial Data Exchange family of credit derivative Credit Derivative Privately held negotiable bilateral contracts that allow users to manage their exposure to credit risk. Credit derivatives are financial assets like forward contracts, swaps, and options for which the price is driven by the credit risk of economic agents (private indexes, today announced the final composition for its newest index, the Dow Jones CDX US Crossover Index (Dow Jones CDX.NA.XO), which is scheduled to launch on September 20, 2005, concurrent with the roll of the Dow Jones CDX US Investment Grade and Dow Jones CDX Emerging Market indexes. The Dow Jones CDX US Crossover Index will consist of 35 equally weighted US entities (listed below) or a 2.857% exposure to any name. The ratings required for inclusion are either (i) a crossover (5B) rating (i.e., a rating in the BBB/Baa rating category by one of S&P and Moody's and in the BB/Ba rating category by the other), (ii) a 4B rating (i.e., a rating in the BB/Ba rating category by both S&P and Moody's) or (iii) a rating in the BB/Ba rating category by one of S&P and Moody's and no rating by the other. Ticker Name Tier ABY Abitibi Consol Inc Senior AHC Amerada Hess Corp Senior ARM ArvinMeritor Inc Senior AVT Avnet, Inc. Senior BOMB Bombardier Inc Senior BOW Bowater Inc Senior CA Computer Assoc Intl Inc Senior CZN Ctzns Comms Co Senior DCN Dana Corp Senior DELBB-America Delhaize Amer Inc Senior DHI D R Horton Inc Senior DISH-ESDBS EchoStar DBS Corp Senior DTC Domtar Inc Senior EDS Electr Data Sys Corp Senior EK Eastman Kodak Co Senior FLEX Flextronics Intl Ltd Sub F-MotorCred Ford Mtr Cr Co Senior GLW Corning Inc Senior GMAC Gen Mtrs Accep Corp Senior GP GA Pac Corp Senior HCA HCA Inc. Senior HOT Starwood Hotels & Resorts Wwide Inc Senior JCP J C Penney Co Inc Senior KBH KB Home Senior KMG Kerr Mcgee Corp Senior L Liberty Media Corp Senior LEA Lear Corp Senior MGG MGM MIRAGE Senior NCX NOVA Chems Corp Senior QUS-Corp Qwest Corp Senior RCL Royal Caribbean Cruises Ltd Senior SHC-Acceptance Sears Roebuck Accep Corp Senior SUNW Sun Microsystems Inc Senior TXU TXU Corp. Senior UNM UnumProvident Corp Senior Sixteen firms have agreed to act as market makers for the new Dow Jones CDX.NA.XO Index and include: ABN AMRO; Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ; Barclays Capital; Bear Stearns; BNP Paribas; Citigroup; Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. ; Deutsche Bank; Goldman Sachs; HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) ; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System ; and Wachovia. Please see the "Credit Derivative Indexes" link at www.djindexes.com to view the underlying constituents of each index. Journalists may also e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact Sybille A. Reitz, Dow Jones Indexes Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 212-597-5735 or 917-603-6987. For more information about any of the Dow Jones CDX family of indexes, please contact one of the participating dealers listed. Note to Editors: About CDS IndexCo CDS IndexCo is a consortium of 16 investment banks which are licensed to be market makers in the Dow Jones CDX indexes Dow Jones CDX Indexes A series of indices that track North American and emerging market credit derivative indexes. The purpose of the combined indexes is to track the performance of the various segments of credit derivatives so that the overall return can be benchmarked against . The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia. About Dow Jones Indexes Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages Dow Jones Averages A trademark used for three indexes of the relative price of selected industrial, transportation, and utility stocks based on a formula developed and periodically revised by Dow Jones & Company, Inc. and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange :DJ)(dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About Markit Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 50 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). derivatives (credit, equity, FX, rates, energy, power, metals and structured products), corporate bonds, syndicated loans, dividend forecasting, and index and ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). management. For more information about Markit, see www.markit.com. |
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