The iBoxx USD Asia-Pacific Non-Sovereigns High Yield (Far East) is designed to measure the performance of high yield, USD-denominated corporate and sub-sovereign bonds from issuers in Cambodia, China, Hong Kong, Japan, Macao, Mongolia, Papua New Guinea, the Philippines, South Korea, Taiwan and Vietnam. The index includes bonds with a minimum initial time to maturity of 18 months at issuance and a minimum amount outstanding of USD 250 million. Bonds must be rated and clearable through Clearstream, Euroclear or Hong Kong CMU, and issuers must be from countries not in default on their external debt and not under EU or U.S. financial sanctions, except when sanctions apply only to specific individuals or don't affect government funding. The index is calculated based on Asian end-of-day prices.