 An external debt version, the EMBI+ is the JPMorgan EMBI Global Index

In addition to serving as a benchmark, the EMBI+ provides investors with a definition of the market for emerging markets external-currency debt, a list of the instruments traded, and a compilation of their terms.The index comprises a set of broker-traded debt instruments widely followed and quoted by several market makers.Instruments in the EMBI+ must have a minimum face value outstanding of $500 million and must meet strict criteria for secondary market trading liquidity.