Asset-backed securities index
- Asset-backed securities index
An asset-backed securities index, or ABX, is a credit derivative instrument with asset-backed securities as an underlying.
On January 17, 2006, CDS Indexco and Markit launched ABX.HE, a synthetic asset-backed credit derivative index, with plans to extend the index to other underlying asset types other than home equity loans. [ [https://www.markit.com/marketing/press_releases.php?date=17Jan2006 Markit ] ] [ [http://www.markit.com/information/products/abx.html ABX Indices] ] ABS indices allow investors to gain broad exposure to the subprime market without holding the actual asset-backed securities.
List of ABS indices
* ABX.HE
ee also
*Asset-backed security
Other similar indices
*Credit default swap index
References
ABX Marks US Subprime Mortgage Inventory At Approx. 70 Cents On The Dollarhttp://housingderivatives.typepad.com/housing_derivatives/abx_index/index.html
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