Standardized Total Return Swaps

Standardized Total Return Swap (TRS) contracts enable investors to efficiently gain or hedge exposure to the corporate bond and leveraged loan markets. The contracts exist on a selection of global iBoxx indices.

TRS contracts are available for select iBoxx indices including:

• iBoxx EUR Corporates
• iBoxx USD Domestic Corporates
• iBoxx GBP Corporates
• iBoxx EUR Liquid HY
• iBoxx USD Liquid HY
• iBoxx USD Liquid Leveraged Loan Index
• iBoxx Trepp CMBS Original AAA Rolling Index

Key benefits:

• Efficiency – Use instruments to express views on the corporate credit market
• Effective monitoring – Reduce tracking errors or rolls with a built-in rebalancing mechanism
• Recognized benchmarks – iBoxx indices are widely used, recognized benchmarks for credit investors
• Independent data – Rely on multi-sourced pricing used for constituents
• Representative – Leverage replicable indices for each market covered