The 240 FRN Individual Index categories in the Neutral Pricing Supplementary Subscription include only bonds from secondary market trading. The floater indices of the TASS Wertpapierhandelsbank are nonetheless suitable for investors active in the primary markets as an indicator for the market sentiment of various branches and segments:
The floater data base of the TASS Wertpapierhandelsbank has been maintained since 1995. The assignment of the bonds to a floater index is continually monitored and dynamically adjusted from our team of 20 traders, during which the country of origin, maturity bands and rating class are taken into account.
The segment floating rate notes is growing yearly. According to our records, it comprised between 2004 and 2008 an average issuing size of 458.9 billion Euro yearly. The Neutral Pricing System for floating rate notes is one of the largest market databases in Europe in the segment Credits and/or variable rate bonds.