Consultation on Methodology Parameter Changes to certain CF Settlement Prices now Open

The consultation process to a methodology change to the following benchmarks within the CF Digital Asset Index Family are now open:

• CF Chainlink- Dollar Settlement Price
• CF Tezos - Dollar Settlement Price
• CF Stellar Lumens – Dollar Settlement Price

The methodology of calculation for these benchmarks utilises an observation window during which the Administrator collects data associated with transactions that have taken place on the venues it utilises as input data sources (CF Constituent Exchanges). All the above benchmarks within the CF Cryptocurrency Index Family are currently calculated in accordance with the CF Settlement Prices Methodology utilising the below parameters (there is no change to the calculation algorithm):

Rationale for Methodology Change

The Administrator has observed that data sufficiency is amply fulfilled by the available liquidity through the transactions conducted on CF Constituent Exchanges and in the interests of promoting representativeness of the benchmarks and their replicability without undue risks to benchmark users that the parameters be changed to the following:

Implementation Timeline

The Administrator intends to implement this change at 1100 London time on April 25^thmeaning that the Settlement Prices for April 25^th and all subsequent dates will be calculated in accordance with the new parameters.

Consultation Process
This consultation is now open and will end at 1630 London Time on March 28^th2022. All responses will be treated confidentially in accordance with the Administrators policies and procedures and be overseen by the CF Oversight Function in accordance with UK BMR.

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 consultation process this can be done  so confidentially at complaints@cfbenchmarks.com