Markit confirms LCDX roll and index changes

Markit has confirmed that LCDX and MCDX will both roll into their series 14 on Monday 5 April. Tranches of LCDX will roll a week later on 12 April.

There are three constituent changes to LCDX between series 13 and 14, with Dex Media West, Charter Communications Operating and Supermedia coming in to replace NewPage Corporation, Getty Images and Warner Chicott Company.

Additionally, in line with the launch of the new LCDS bullet contract the index coupon has been set to 250bp and the recovery assumption set at 70%.

No changes are being made to MCDX.