The iBoxx USD Emerging Markets Sovereigns Index is designed to measure the performance of USD-denominated sovereign bonds issued by emerging market central governments and central banks, with a minimum amount outstanding of USD 250 million. Bonds must have a minimum initial time to maturity of 18 months at issuance and a remaining time to maturity of at least one year at rebalancing. Bonds must be rated by at least one rating agency and be clearable through Clearstream, Euroclear or Hong Kong CMU. The index excludes bonds from Cuba, Iran, Myanmar, North Korea, Sudan, Syria and Venezuela.