Benchmarks Services
from Refinitiv
Calculation | Governance | Administration

For more than a quarter of a century, Refinitiv has been
designing, calculating, governing and publishing financial
benchmarks that lie at the heart of the global financial system.
Refinitiv calculates and publishes more than 300 over-the-counter (OTC) benchmarksin 90 countries. We are the administrator of more than 30 key rates, including
WM/Reuters, Canadian Dollar Offered Rate (CDOR), Canadian Overnight Repo Rate
Average (CORRA) and Saudi Arabia Interbank Offered Rate (SAIBOR).
REFINITIV PROVIDES
Calculation, governance and regulatory administration.

Calculation• We calculate the benchmark rate on behalf of benchmark owners based on contributions frombanks or traded data
• We publish the data on Eikon®, Elektron® and/or other Refinitiv platforms• We distribute this data via third-party vendors

Governance• Where Refinitiv calculates the benchmark on behalf of an Administrator, we can also support
the Administrator’s responsibilities• We perform activities to govern benchmarks to satisfy multiple regulatory obligations
International Organization of Securities Commissions (IOSCO), EU Benchmarks Regulation(BMR) and Market Abuse Regulation (MAR) such as:–– Reviewing methodology–– Providing quality assurance KPI that show the accurate determination of the benchmark–– Providing surveillance and monitoring to identify potential attempts of manipulation–– Managing the control framework• We provide the output data and analytics to the Administrator

Administration• As the Administrator, we carry the regulatory responsibility of the integrity of the benchmark• We are accountable to the regional regulators• We communicate and engage with regulators, panel banks and clients to ensure compliance• We ensure that benchmarks continue to be compliant and follow best practices globally

Benchmarks Services from Refinitiv – Calculation | Governance | Administration

WHAT SETS US APART
Trust and integrity
Central banks, national regulators and local authorities aroundthe world look to Refinitiv as the pre-eminent provider ofbenchmark services due to our peerless reputation.
We are regularly asked for guidance in reform work related tothe benchmark industry.

Global experienceRefinitiv has over 30 years of experience in the benchmarking
industry. We administer more than 30 benchmarks in markets
as diverse as Canada and Saudi Arabia.
Over 300 benchmarks are available on Refinitiv products
and more than 80 benchmarks are calculated by Refinitiv.
Our benchmarks cover multiple asset classes; interest rates,FX, derivatives, mortgages and others.

Strict adherence to regulation
Our compliance and benchmark team are working together
to ensure that all benchmarks we administer are fully adherent
with IOSCO and European Benchmark Regulation (EU BMR)
standards.
To facilitate compliance with the UK Financial Conduct Authority(FCA) and the EU BMR, Refinitiv created a separate FCA-regulated
subsidiary, Refinitiv Benchmark Services Limited (RBSL) in 2014.

Visit refinitiv.com/benchmarks
RE898891/4-19

RBSL is authorized as a Benchmark Administrator by theFCA under the EU BMR and all benchmarks from Refinitiv
are IOSCO adherent, FCA approved with separate teams tomanage and monitor content and data integrity.
Refinitiv ensures the integrity of the data and processes which
go into our benchmark rates and services.
We have set industry-leading standards for administrationand calculation and partnered with regulators, banks andlocal authorities to improve and protect confidence in thebenchmark industry.
Over 300 benchmarks are available on Refinitiv products and
87 benchmarks are calculated by Refinitiv. Our benchmarks
cover multiple asset classes; interest rates, FX, derivatives,mortgages and others.

Unparalleled global infrastructure
Refinitiv employs 45,000 people and has operated in more than
100 countries for more than 100 years. Our global customer
support channels are supported 24/7 by over 4,500 teammembers in 19 different languages.

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