The Exotic Debt Index series is a composite indicator of performance in the mainstream exotic and hyper-exotic debt markets. The index is a global one, covering credits in Africa, Latin America/Caribbean, Eastern Europe and Asia. Weighting values depend on perceived levels of liquidity and volume, and whether the credit is performing’ or non-performing. As an example, while Africa benefits from having a greater number of country/issue listings and activity in certain assets, weightings within the Exotic Debt Index are commonly tempered by very low liquidity. Latin America/Caribbean, followed by Eastern Europe, are highest in liquidity and have the highest weightings per country/issue. The weightings of the Exotic Debt Index will be reviewed on a quarterly basis.