Lehman Indexes Rebranded With Barclays Name
By Journal of Indexes Staff

Goodbye Lehman Brothers (again), and say hello to Barclays Capital Indices.

Barclays Capital has folded the venerable Lehman fixed-income benchmarks under a new Barclays brand name.

The new index family will unite the Lehman platform with existing benchmarks run by Barclays Capital to provide a common reference point for the industry.

Under the unified brand, Barclays Capital will continue to calculate and publish the existing Barclays Capital benchmarks as well as the former Lehman indexes. In addition, Barclays Capital will maintain the associated index calculation, publication and analytical infrastructure and tools that were part of the ex-Lehman Brothers platform.

For market participants worried about the integration process upsetting the pricing of the Lehman indexes, Barclays Capital said in a statement that “index production and publication for the former Lehman indices has been addressed as the highest priority, resulting in minimal interruption of service.”

Barclays Capital will work closely with its clients and partners to appropriately address the process of re-branding index-linked products and benchmarks. The company received an exemption from the SEC to allow it to calculate indexes underlying its own ETFs.