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REFINITIV BENCHMARK SERVICES (UK) LIMITED

REFINITIV BENCHMARK SERVICES (UK) LIMITED CANADIAN DOLLAR OFFERED RATE (CDOR) CONSULTATION ON POTENTIAL CESSATION OF CDOR An LSEG Business Date of Issue: January 31, 2022 REFINITIV Document Classification: Public CDOR Consultation 2 An LSEG Business Contents 1. EXECUTIVE SUMMARY .. 3 2. ABOUT CDOR .. 5 3. GLOBAL BENCHMARK REFORM .. 6 4. REVIEW AND ANALYSIS .. 8 5. CARR RECOMMENDATIONS AND CDOR ALTERNATIVES .. 10 6. KEY FACTORS REGARDING THE SUSTAINABILITY OF CDOR .. 12 7. REGULATORY CONSIDERATIONS .. 14 8. CONSULTATION QUESTIONS .. 16 Copyright 2022 REFINITIV . This communication is for information purposes only, is not to be construed as advice or counsel and is subject to change.

sell or the solicitation of an offer to purchase any security, investment product or service in any jurisdiction. This communication contains information proprietary to Refinitiv and may not be reproduced, transmitted, distributed in whole or part, or be used to

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