Iris Hui Iris: Across the U.S. buy-side, I am seeing more investors, from macro funds to credit desks, exploring Credit Index Futures as part of their exposure or hedging toolkit. At a broader level, how do you see credit futures fitting into the US IG and HY landscape? Mayank: Credit Index Futures can enable investors to get exposure to popular Bloomberg credit indices, without having to fund their entire position via cash upfront.