Investments glossary

Loan Credit Default Swap Index (Markit LCDX Definition)

The Loan Credit Default Swap Index – Markit LCDX is a specialized index of loan-only credit default swaps (CDS) covering 100 individual North American companies that have unsecured debt trading in the broad secondary markets. The LCDX is traded over the counter and is managed by a consortium of large investment banks, which provide liquidity and assist in pricing the individual credit default swaps. IHS Markit Ltd, headquartered in London, is the index provider.

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