Consultations

IHS Markit Benchmark Administration Limited Consultation on the European, North American, and Global iBoxx Indices

Open for comment until Jan 23, 2023

This consultation is no longer open. The survey below is provided for reference purposes only. You will not be able to interact with it.

  • Step 1About You
  • Step 2Survey
  • Step 3Submit
    • First Name
    • Last Name
    • Company *
    • Email

    S&P DJI makes responses to consultations freely available upon request with redacted individual and company names unless requested to be confidential. Do you wish for your response to remain confidential?*


      • Do you agree with the proposed inclusion of 144A version only bonds into the iBoxx USD benchmark family of indices as listed above?
      • Do you agree with the proposed workout date extension for callable perpetuals and dated bonds with a coupon reset structure?
      • Do you agree with the proposal to exclude perpetuals without coupon reset features from all iBoxx index families (excl. iBoxx USD Emerging Market, iBoxx USD Asia ex-Japan, iBoxx USD APAC, iBoxx AHBI, iBoxx SGD, and HSM iBoxx)?
      • Do you agree with a proposal to extend senior perpetuals without a reset date by five years after the call date?
      • Do you agree with the continued eligibility of such bonds into iBoxx indices with hold-to-maturity rules?
      • Do you agree with the re-inclusion of such bonds (following the workout date extension) into iBoxx index families that have a minimum time-to-maturity restriction?
      • Do you agree with extended bonds becoming re-eligible for liquid indices?
      • Do you agree with the proposed inclusion of RD/SD-rated bonds and issuers in iBoxx indices that contain high yield bonds for one rebalancing after the downgrade?
      • Do you agree that where bonds are in RD/SD status up until the second rebalance, that these retain their previous iBoxx index rating prior to the downgrade? As such these would remain reflected in their respective rating sub-index that corresponded with their previous iBoxx index rating prior to downgrade.
      • Do you agree with the expanded definition of infrastructure?
      • Do you agree with the proposed infrastructure classification for sub-sovereign issuers?
      • Do you agree with the splitting of the Oil & Gas supersector into ‘Oil & Gas’ and ‘Renewable Energy’; and the renaming of the industry from ‘Oil & Gas’ to ‘Energy’, as illustrated above?
      • Do you agree with the inclusion of taxable munis into the iBoxx USD Investment Grade Indices?
      • Do you agree with the proposed classification of the taxable munis as ‘Sub-sovereigns’ – ‘Local Government’?
      • Do you agree with the proposed inclusion of Israel in the iBoxx Inflation-linked indices and the iBoxx Europe Inflation-linked sub-indices?
      • Do you agree with the exclusion of South Korea from the iBoxx Inflation-linked indices?
      • Do you have any comments to any of the above questions that you would like IMBA to consider?

  • Please be advised that all comments from this consultation will be reviewed and considered before a final decision is made; however, S&P DJI makes no guarantee nor is under any obligation to comply with any of the responses. The survey may result in no changes or outcome of any kind. If S&P DJI decides to change the index methodology, an announcement will be posted on our website.


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