PRIMEX is a synthetic CDS index referencing a basket of prime mortgage-backed securities.
Take positions in prime RMBS via CDS contracts with PRIMEX. The index’s liquidity and standardization allow you to accurately gauge market sentiment around the asset class, and to take short or long positions accordingly.
- Liquidity – Benefit from PRIMEX’s use of existing trading conventions of other CDS of Asset Backed Securities (ABS) indices and its free PV calculator, which enhances liquidity and transparency
- Sentiment – Track movements in prime RMBS market sentiment by following daily composite levels
- Standardization – Rely on index cash flow calculations and operational functions that mirror the existing framework of Markit ABX and CMBX indices