Loan Credit Default Swap Index (Markit LCDX)
Definition of 'Loan Credit Default Swap Index (Markit LCDX)'
The Markit LCDX is a broad-based index that includes loans from a variety of industries. The index is divided into three sub-indices:
* The Markit LCDX North America Index, which includes loans from U.S. companies
* The Markit LCDX Europe Index, which includes loans from European companies
* The Markit LCDX Asia Pacific Index, which includes loans from Asian companies
The Markit LCDX is a liquid index that is traded on a variety of exchanges. The index is also used as a basis for the pricing of other financial products, such as leveraged loans and credit default swaps.
The Markit LCDX is a useful tool for investors who want to track the performance of the U.S. leveraged loan market. The index can also be used to make investment decisions, such as when to buy or sell leveraged loans.
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