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Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family

CF Benchmarks

• 2 min read
Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family

The Administrator hereby announces the cessation of the following benchmarks from the CF Cryptocurrency Index Family:

Benchmark

Bloomberg

CF Cardano – Dollar Settlement Price

CFADAUSL

CF Cardano – Dollar Spot Rate

N/A

CF Cosmos – Dollar Settlement Price

CFATOUSL

CF Cosmos – Dollar Spot Rate

N/A

CF Algorand – Dollar Settlement Price

CFALGUSL

CF Algorand – Dollar Spot Rate

N/A

CF Chainlink – Dollar Settlement Price

CFLINUSL

CF Chainlink – Dollar Spot Rate

N/A

CF Uniswap – Dollar Settlement Price

CFUNIUSL

CF Uniswap – Dollar Spot Rate

N/A

CF Polkadot – Dollar Settlement Price

CFDOTUSL

CF Polkadot – Dollar Spot Rate

N/A

CF Polygon – Dollar Settlement Price

CFMATUSL

CF Polygon – Dollar Spot Rate

N/A

CF Stellar Lumens – Dollar Settlement Price

CFXLMUSL

CF Stellar Lumens – Dollar Spot Rate

N/A

CF Solana – Dollar Settlement Price

CFSOLUSL

CF Solana – Dollar Spot Rate

N/A

Rationale for Cessation

The reason for cessation of these benchmarks is commercial and the Administrator shall be launching benchmarks to replace these that will:

· Utilise input data from the same pool of Constituent Exchanges

· Utilise the same calculation methodology

· Are published at the same time – 1600 London, utilising input data during the most liquid period for trading in the Asset Pairs

· Mean no loss of service for index users

Implementation Timeline

To promote an orderly transition and minimise any market impact these benchmarks will continue to be published and provision shall cease from 1100 London time on April 25th 2022 meaning that the respective Settlement Prices for April 24th will be the final ones published

In accordance with the Administrators policies and procedures this cessation will not be subject to a consultation process.

Alternative Benchmarks

Alternative benchmarks to the those that are the subject of this announcement will be available from the Administrator and shall be determined using the same calculation methodology and published at the same time as the benchmarks that are the subject of this announcement. They will be available to license from the Administrator and all existing licensees will automatically be licensed for these alternative benchmarks for all existing use cases.

The CF Oversight Function has provided oversight to this process

Should any market participants have any questions or queries please do not hesitate to contact info@cfbenchmarks.com

Should any users wish to file a complaint regarding this cessation process this can be done confidentially at complaints@cfbenchmarks.com

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.

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CF Benchmarks is a member of the Crypto Facilities group of companies which is in turn a member of the Payward, Inc. group of companies. Payward, Inc. is the owner and operator of the Kraken Exchange, a venue that facilitates the trading of cryptocurrencies. The Kraken Exchange is a source of input data for certain CF Benchmarks indices. Payward, Inc. is the owner and operator of the Staked, a venue that operates the block production nodes for decentralized PoS protocols on behalf of institutional investors. Staked.us is a source of input data for certain CF Benchmarks indices.

Please refer to the individual product family documentation for more information about applicable input data sources.