The Markit Liquid LLI gauges the performance of liquid loans and can be a benchmark for managed loan funds, as well as a sophisticated, derivative products and ETFs. The attributes of the syndicated loan market can make it complicated to assess performance in this unique asset class. Markit is dedicated to utilising its unique datasets on loans to become the premier provider of independent and objective loan indices for trading, product structuring, and benchmarking.
The Markit Liquid LLI offers transparent methodology and draws from comprehensive, sophisticated loan datasets within Markit to create a benchmark that market participants can use with confidence. To provide up-to-date performance information, the Markit Liquid LLI levels are calculated by incorporating both independent market data from Markit Loan Pricing and the latest loan reference and transaction information from Markit WSOData. Constituents in the Markit Liquid LLI are determined by observable liquidity metrics calculated by Markit Loans Liquidity, the only commercial service measuring liquidity of leveraged loans.
Key Features and Coverage on RIMES
For this data source, RIMES hosts the Markit iBoxx USD Liquid Leveraged Loan Index and approximately 1900 bonds.
Some of the data items available include:
- Bonds Items: Accrued Interest, Ask Price, Asset Class, Base Market Value, Bid Price, Capping Factor, Clean Price, Country Code, Currency Investable Weight, Cusip Code, Daily Total Return in Local Currency, Dirty Price, Index Price, Investable Factor, Investable Weight, Issue Date, Issuer Description, Liquidity, Loan ID, Loan Type, Market Value in Local Currency, Maturity Bands, Maturity Date, Month to Date Price Return, Month to Date Total Return in Local Currency, Notional Outstanding in Local Currency, Price Return, Rating, Redemption Factor (For British Pound Sterling Indexes), Seniority Type, Sinking Factor, Spread, Top Level Index Membership, Weight in Index, Yield to Maturity, etc.
- Index Items: Average Yield to Maturity, Base Market Value, Cash, Cash US Dollars, Coupon, Daily Total Return, Date of Portfolio, ISIN Code, Market Value, Month to Date Total Return, Notional Outstanding, Number of Constituents, Price Index, Redemption Income Index, Ticker, Total Interest Index, Total Return, Year to Date Total Return, etc.