Jon Kibbe, Julia Lu Fu, Publications
Memorandum: LevX Publication
May 12, 2008
After the July 2007 launch of the standard terms of credit default swaps on leveraged loans for the European market, the market anxiously awaited the launch of an ISDA-approved index product. March 17, 2008 – the date the Markit iTraxx LevX indices rolled into Series 2 – marks the launch of the ISDA-approved European index product. This memorandum, written by our partners Jon Kibbe and Julia Fu, briefly describes the development and key provisions of the single name standard terms as published in 2007, the recent amendments, and the iTraxx LevX standard terms supplement for use with credit derivative transactions on leveraged loans.
