Product fileDRAFT
Event-linked product
Reference benchmark
Methodology✓
Historical levels✓
Administrator✓
01
Exchange-traded products
A named benchmark with a public methodology, operating history, and administrator for product diligence.
For product issuers & structuring desks
Build on a benchmark that already exists.
Published methodology, live track record, named administration, and a licensing path for issuers evaluating event-linked products.
Evaluation history and benchmark documentation are available for issuer diligence.
Benchmark dossierAvailable for review
Event-risk benchmark
A live reference series with the operating record attached.
MethodologyPublished
Track recordSince Jan 2026
AdministratorNamed
CalculationOperating
The timing advantage
Track records cannot be created on filing day.
01
Start at the window
Methodology, history, and operating controls begin only after demand is visible.
02
Diligence before it
Review a benchmark that is already public, publishing, and accumulating history.
03
What changes
The benchmark can enter the product pipeline before timing becomes the constraint.
Where the benchmark enters
Put benchmark diligence ahead of product timing.
A product concept can move through methodology, track record, licensing, and operations review while the broader market structure develops.
Product sequenceBenchmark first
01
Product thesis
Define the exposure, client need, and intended structure.
02
Benchmark diligence
Review methodology, history, governance, and operating controls.
03
License & specification
Set reference rights, delivery, calculation, and product terms.
04
Ongoing operation
Publish, monitor, reconstitute, and manage documented changes.
Product references
One benchmark layer. Multiple structures.
Use a published thematic series as the reference point for exchange-traded, structured, or bilateral product design.
Term sheet
Reference
Belief index
Observation
Scheduled
Source
Published
Changes
Versioned
02
Structured products
A reference series with defined observation, calculation, source, and change mechanics.
Reference schedule
Series identifierDEFINED
Calculation timeDEFINED
Disruption policyLINKED
Change recordLINKED
03
Bilateral references
A common, independently published series both parties can identify and verify.
Readiness by layer
Start with what is operating. Configure what the product requires.
The benchmark foundation exists in public. Product-specific reference, delivery, and commercial terms are set with the issuer.
Operating now
Benchmark foundation
- ✓Published methodology
- ✓Live historical record
- ✓Scheduled calculation
- ✓Governance documentation
Configured with issuer
Product specification
- +Reference and usage rights
- +Delivery and service requirements
- +Custom calculation terms
- +Product operating calendar
Benchmark administration
An administrator, not just an index.
Product diligence reaches beyond the number into how the benchmark is calculated, changed, corrected, and kept available.
01
Methodology control
Selection, weighting, reconstitution, and chain-linking rules are maintained as a versioned public record.
02
Calculation & publication
The series is calculated on a defined cadence with timestamped publication and quality states.
03
Change governance
Methodology and composition changes are dated, documented, and applied prospectively.
04
Restatement discipline
As-published values are not silently rewritten. Corrections appear as labeled records.
What the license covers
The reference right and the operating relationship.
Reference rights
License a Belief index as the named benchmark or underlying reference for the product.
Product data delivery
Receive the levels, metadata, composition records, and history required by the product workflow.
Calculation services
Use an existing series or configure calculation and publication for a partner specification.
Ongoing change control
Define notification, review, reconstitution, and operational support around the licensed benchmark.
Jan 2026
Publishing since
30 min
Valuation cadence
Public
Methodology
Named
Administrator
Issuer evaluation
Put the benchmark in the product pipeline.
Review the methodology and history now, then scope the reference rights, calculation, delivery, and operating model the product would require.
01
Share the product concept
The intended exposure, structure, client, and timing assumptions.
02
Review the benchmark dossier
Methodology, historical levels, governance, and operating record.
03
Scope the license
Reference rights, delivery, calculation, change control, and support.