Frankfurt (16 February 2021) – MV Index Solutions GmbH (MVIS®) will change the calculation agent and rules for the MVIS US Investment Grade Floating Rate Index (MVFLTR).
Effective on 1 May 2021 following changes will be made:
- Change of calculation agent from Wells Fargo to Solactive AG.
The eligibility criteria will be adjusted as follows:
- Securities must be rated “investment grade” or above by one of two rating agencies. To be eligible, securities may not be rated “below investment grade” by one of the two.
- In addition, notes with options will be eligible for index inclusion.
In the event of full redemption, the security will be treated as cash payment.
The amended Index Guide will be available for download at www.mvis-indices.com/index-guides after close on 30 April 2021.