CoinDesk Indices is committed to the highest standards in its benchmark administration to promote the quality, reliability, and integrity of its benchmarks.
Our robust policies and procedures reflect our longstanding commitment to manage conflicts of interest, govern our benchmarks transparently, and align with industry best practices, including the International Organization of Securities Commissions' (IOSCO) Principles for Financial Benchmarks.
CDI’s index committee serves as the primary governance body to oversee the design, maintenance, and publication of CDI’s indices and their corresponding methodologies to ensure each index achieves its stated objective and is calculated and reconstituted according to the rules detailed in its respective methodology.
CoinDesk Indices maintains and publishes transparent methodology and policy documents that describe the processes used to manage, reconstitute, calculate, and govern its benchmarks.
Benchmark statements intend to define the economic reality measured by the indices and the circumstances in which such measurement may become unreliable. It also highlights instances where CoinDesk may use discretion or expert judgement in the calculations.
CoinDesk Indices publishes and maintains supporting documents that provide information and data related to its indices and services.
CoinDesk Indices may seek feedback from its clients and other interested parties on material changes to its Methodologies and/or Policies through a public consultation process. Each consultation will include a comment period for responses to be submitted. Any changes resulting from such consultation will be announced prior to their implementation.
CoinDesk Indices is committed to upholding the highest standards of transparency, security, governance and regulatory compliance. Assuch, CoinDesk Indices voluntarily adheres to the International Organization of Securities Commissions Principles for Financial Benchmarks (“IOSCO Principles”) and System and Organization Controls for SOC 1 and SOC 2 attestation reporting.
First published in July 2013, the IOSCO Principles’ objective is to create an overarching framework of principles for the construction, administration, and oversight of benchmarks used in financial markets. CoinDesk Indices has completed an external review of its adherence to the IOSCO Principles, available here.
SOC 1 audit reports are industry standard attestations governed by the American Institute of Certified Public Accounts (AICPA). Specifically, SOC 1 assesses how well CoinDesk Indices safeguards information and maintains processes that may impact the accuracy and integrity of clients’ financial statements. The audit is conducted in accordance with Statement on Standards for Attestation Engagements (SSAE) 18 guidelines. CoinDesk Indices has completed an external review of its SOC 1 compliance, available here.
SOC 2 audit reports assess a company’s non-financial controls, with a focus on defined trust principles aligned with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) principles. CoinDesk Indices evaluates and maintains controls related to the security, availability and confidentiality trust service principles. CoinDesk Indices has completed an external review of its SOC 2 compliance, available here.
CoinDesk Indices administers and publishes various reference rates and digital asset indices that are used by its clients and market participants. In the event any party has a formal complaint regarding a CDI Benchmark, CoinDesk Indices maintains a Complaints Policy which outlines the process and procedures for handling complaints, available below.
The CCIX monthly announcements detail the upcoming changes to the constituent markets of CCIX and the list of Benchmark Family pairs regulated by the FCA.
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