ICAP HICPXT & FRCPI Benchmark Statement

This document is a Benchmark Statement that provides detailed information regarding the ICAP HICPXT & FRCPI Benchmark families administered by ICAP Information Services Limited, also known as Parameta Solutions. It outlines compliance with the UK Benchmarks Regulation and relevant technical standards. The statement describes the objective of the benchmarks, which is to measure the performance of a market or the economic reality of its benchmarks, specifically indicating the implied mid-price for underlying zero-coupon inflation swaps. It details the input data used, which includes trades and trading interests that meet minimum market sizes, and mentions the methodology designed to ensure an accurate representation of the asset class. Additionally, the document discusses the discretion exercised by the Index Calculation Agent in determining mid-prices and the procedures for changes, updates, or cessation of the benchmarks. It also addresses potential limitations, errors, and the consideration of ESG factors, indicating that the benchmarks do not pursue ESG objectives.