Roll of Markit Index Postponed For Three Months

Markit has announced that the roll of the Markit ABX.HE has been postponed for three months. The Markit ABX.HE is a synthetic index of US home equity asset-backed securities. The new series, the Markit ABX.HE 08-1, was scheduled to launch on 19 January 2008. The decision to postpone its launch was taken following extensive consultation with the dealer community. It follows a lack of RMBS deals issued in the second half of 2007 and eligible for inclusion in the forthcoming Markit ABX.HE roll. The Markit ABX.HE 07-2 remains the on-the-run series until further notice. Under current index rules, only five deals qualified for inclusion in the Markit ABX.HE 08-1. Markit and the dealer community considered amending the index rules to include deals that failed to qualify initially but decided against this approach at this time.

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