BNP Paribas launches credit index

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French Bank BNP Paribas has launched a new credit index in Japan that tracks the 50 most liquid Japanese names in the country’s credit default swap market.

Called the CJ 50 Index, it incorporates quotes from four dealers active in the Japanese credit derivatives market – BNP Paribas, Bank of Tokyo-Mitsubishi, Credit Lyonnais and Goldman Sachs – and consists of investment grade names rated BBB- or above by Japanese rating agency Rating & Investment Information. “Other houses have

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