ICAP UKRPI Benchmark Statement Overview

This document is a Benchmark Statement detailing the ICAP UKRPI Benchmark family, published by ICAP Information Services Limited, which operates under the UK Benchmarks Regulation. The statement provides information on the benchmark's classification, methodology, and governance. It outlines that the ICAP UKRPI Benchmark is categorized as a non-significant benchmark and does not qualify as regulated data. The document explains the objective of the benchmark, which is to measure market performance based on the UKRPI Zero-coupon Inflation Swap rate. It discusses the input data used for the benchmark, including trades and trading interests, and the methodology designed to ensure accurate representation of the relevant asset class. Additionally, it addresses the discretion exercised by the Index Calculation Agent and the processes for updating or ceasing the benchmark. The document also mentions the limitations and potential errors associated with the benchmark, as well as the lack of ESG objectives within the benchmark family.