April 2024

WMR update – Infrastructure
improvements and US equity T + 1
settlement

WMR investment and commitment
As WMR celebrates its 30th year in 2024, we are very pleased to share that a multi-year investment
into modernising WMR technology and infrastructure has been completed. This launches a Cloudbased platform from which we look forward to continuing to provide accurate, robust and transparent
FX benchmarks for our users, while also enabling innovation, future enhancements and expansion.
Oversight from our dedicated monitoring and surveillance team remain separate to uphold the integrityof the rates and maintain user trust and confidence in the benchmarks as they are adopted acrosssignificant customer workflows.

WMR request for feedback outcome
Thank you to everyone who responded to our Request for Feedback regarding the pending US Equity
Change to T+1 Settlement. Overall, this confirmed that the current benchmarks offered by WMR areexpected to meet requirements due to the availability of benchmarks throughout the global day,including:•WMR Intraday Spot rates ― which provide hourly and ½ hourly benchmarks from Monday
06:00 in Hong Kong/Singapore to Friday 22:00 in the UK•

WMR Forward rates ― which provide a range of currencies and tenors, including the shortterm rates, up to 19 times a day.

At this time, there are no specific requirements identified for WMR to help users manage this change.
However, if in the future there are requests, please do not hesitate to contact us.

WMR Update

What’s next?
From 2024 onwards we are focussed on leveraging our investment to provide enhancements andpotential new benchmark solutions.
As always, we endeavour to engage and reflect users’ requirements and market changes in thedevelopment and product plans so please don’t hesitate to contact us to discuss and review any ideas
and requests. We also continue to appreciate the feedback from our User Group and the insight thisprovides as we plan for the future.
For more information on WMR FX Benchmarks, please refer to lseg.com/ftserussell/wmrfxbenchmarks
or contact us at benchmarks@lseg.com.
We hope to hear from you soon and look forward to engaging with you.

FTSE Russell

2ABOUT FTSE RUSSELL
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. As a trusted
investment partner we help investors make better-informed investment decisions, manage risk, and seize opportunities.
Market participants look to us for our expertise in developing and managing global index solutions across asset classes. Asset owners, asset
managers, ETF providers and investment banks choose FTSE Russell solutions to benchmark their investment performance and create investment
funds, ETFs, structured products, and index-based derivatives. Our clients use our solutions for asset allocation, investment strategy analysis andrisk management, and value us for our robust governance process and operational integrity.
For over 35 years we have been at the forefront of driving change for the investor, always innovating to shape the next generation of benchmarks
and investment solutions that open up new opportunities for the global investment community.

CONTACT US
To learn more, visit lseg.com/ftse-russell; email info@ftserussell.com; or call your regional Client Service team office:
EMEA +44 (0) 20 7866 1810

Asia-PacificNorth America +1 877 503 6437

Hong Kong +852 2164 3333
Tokyo +81 3 6441 1430
Sydney +61 (0) 2 7228 5659

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