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CDS IndexCo and Markit Announce Removals from the CDX North America Crossover Index, Which Is Expected to Roll on September 20, 2007.


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
 ("CDS IndexCo"), a consortium of 16 investment banks licensed as market makers in the 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
 indices, and Markit Group Limited ("Markit"), the leading provider of independent data, portfolio valuations and OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 derivatives trade processing, today announced which companies will be removed from the CDX North America Crossover Index (CDX.NA.XO), which is set to roll on September 20, 2007. The portfolio selection process was conducted by Markit, the index administrator, with input from the member banks of the CDS IndexCo consortium.

The member banks that are part of the CDS IndexCo consortium include: ABN AMRO, Bank of America
See also:  and


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, 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.

COMPANIES TO BE REMOVED FROM THE CDX NORTH AMERICA CROSSOVER INDEX

The following table outlines the companies that will be removed from the CDX.NA.XO Index. Companies that will be added to the index are expected to be announced To be announced (TBA)

A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered.
 Thursday, September 6, 2007, after the close of the market via press release. The changes to the indexes will be effective as of the roll date.
[TABLE OMITTED]


The index is scheduled to roll every six months in order to rebalance the portfolio as necessary.

To view the underlying constituents of each index, daily prices and spreads, constituent information and documentation for CDX.NA.XO, please go to www.markit.com.

Note to Editors:

About CDS IndexCo

CDS IndexCo is a consortium of 16 investment banks which are licensed as market makers in the CDX indices. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

About Markit

Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company receives daily data contributions from over 70 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.

Markit's position in the derivatives markets has been acknowledged by the industry with numerous awards. In 2006, the company won Operations Management's Vendor of the Year award (Trade Processing); Financial News' Best Derivatives Data Solution and Best New Vendor Solution (Portfolio Valuations); Credit's Best Operational Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  Provider; Inside Market Data's Reference Data Provider of the Year, and Company to Watch; Risk's Trading Initiative of the Year (Credit Event Fixings); and Structured Finance International's Editor's Award for Advancing Structured Finance. In 2005, Markit received International Securitisation Report's Editor's Award for Innovation; International Financing Review's Innovation of the Year (Credit Event Fixings); Financial News' Best Derivatives Data Provider; and Operations Management's Vendor of the Year award.

(1) The underlying names which were removed from CDX.NA.XO Series 9 remain present in CDX.NA.XO Series 8.
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Publication:Business Wire
Date:Sep 5, 2007
Words:489
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