NASDAQ OMX Global Index Group has revised the OMXC20 index methodology. Changes are based on feedback from market participants and analysis within Global Index Group. The new methodology will be effective on December 19 and below is a summary of the major changes:
-Market capitalization limit (Capping) (2.1.3): New capping methodology added for the capped indexes.
-Adjustments in case of Bankruptcy (5.3.7): Rule for how to handle index constituents in connection to a bankruptcy added.
-Adjustments for issues etc (5.3): Replaces the previous rules “simple issues”, “Issues with different dividends”, “Rights Issues”, ”Adjustment in case of spin off”, “Issue of convertible bonds, warrants and share classes not included in the portfolio” and “issues introducing new share series or classes”.
This new rule is implemented to enhance the handling of all different types of issues and spin-offs in the index.
-Disposition: The layout of the methodology will change to make it easier to follow since it has a lot of similarities with the rest of the NASDAQ OMX index methodology.
For further information concerning this notice please contact Index Operations, telephone + 46 8 405 6296, e-mail index@nasdaqomx.com
