Oct 02, 2023
Announcement of Consultation on Changes to the CF Rarible-Dollar Settlement Price Calculation Methodology
The Administrator announces a consultation on proposed changes to the CF Rarible-Dollar Settlement Price (RARIUSD_RR) calculation methodology.
The CF Rarible-Dollar Settlement Price is currently calculated in accordance with the CF Settlement Price Methodology utilising the parameters below:
Parameter Information
| Parameter | Parameter Values |
|---|---|
| Observation Window | 3:00 pm to 4:00 pm London Time |
| TWAP Period Length (𝜏) | 60 minutes |
| Partition Length (𝜏̂) | 5 minutes |
| Number of Partitions (𝐾) | 12 |
The Administrator has observed that Rarible-Dollar trading volumes and liquidity have deteriorated in recent months. In the interests of maintaining the representativeness and replicability of the CF Rarible-Dollar Settlement Price, the Administrator proposes the amended RARIUSD_RR calculation parameters below:
Parameter Information
| Parameter | Proposed New Parameter Values |
|---|---|
| Observation Window | 2:30 pm to 4:00 pm London Time |
| TWAP Period Length (𝜏) | 90 minutes |
| Partition Length (𝜏̂) | 10 minutes |
| Number of Partitions (𝐾) | 9 |
Implementation Timeline
The Administrator proposes to implement the proposed changes to the CF Rarible-Dollar Settlement Price at approximately 11:00 London Time on October 10th, 2023. The Settlement Price for October 10th and for all subsequent dates would then be calculated in accordance with the new Settlement Price Parameters.
Consultation Process
The consultation will begin on October 2nd, 2023, and end on October 9th, 2023, at 16:00 London Time. All responses will be treated confidentially in accordance with the Administrator’s policies and procedures, and will be overseen by the CF Oversight Function.
Queries should be directed to [email protected].
Any complaints regarding this consultation process can be filed confidentially by writing to [email protected].
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
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