World Future

INTRODUCING

THE BNP PARIBAS WORLD FUTURES RC8 INDEX
Ticker: BNPIWRL8

Index Sponsor: BNP Paribas; Calculation Agent: BNP Paribas Financial Markets SNC
Launch date:

The BNP Paribas World Futures RC8 Index aims at capturing developed markets’ equities performances through BNP Paribas Rolling Futures Indices, while being cost efficient and highly liquid. A daily risk control mechanism is incorporated into the Index, with the objective of maintaining the index volatility at a predefined target of 8%. The Index is an Excess Return Index – performance is net of rebalancing and replication fees*.

For a list of selected risk and considerations with the BNP Paribas World Future RC8 Index, please click here.

* BNPIWRL8 Index is an “Excess Return Index” meaning its returns are derived from changes in level of its components (known as “price return”) and profit or loss gained from rolling from one futures contract to another (known as “roll return”). Unlike Total Return Indices, it does not derive returns based on interest earned on cash or other collateral deposited in connection with the purchase of futures contracts (known as “collateral return”).

THE BNP PARIBAS WORLD FUTURES RC8 INDEX INCLUDES

Liquid and cost-efficient futures have been picked within each region (US, Eurozone, Japan, UK, Canada, Switzerland, Australia and Hong Kong).

On a quarterly basis, the weights applied on each BNP Paribas Rolling Futures index are based on the regional exposure of an equity selection composed of the 1,500 largest capitalisations across these markets, computed quarterly.

Source: BNP Paribas as of 31 July 2025. For illustrative purpose only.

The BNP Paribas World Futures RC8 Index is not sponsored or endorsed by the sponsor of any index component which may comprise the BNP Paribas World Futures RC8 Index that is not affiliated with BNP Paribas. See the Risks & Considerations page for additional disclosures relating to underlying index sponsors.

On a daily basis, the Index targets an annualised volatility of 8%.

If the realised volatility of the current basket of rolling futures indices exceeds the 8% target volatility on any day,the Index will reduce the weight of the basket and rebalance it with a non-remunerable hypothetical cash position*.

The Index is able to adjust the weights of each underlyings independently, meaning that adjustments can be performed even if the exchanges of some components are not open, which makes the Index significantly more reactive. This may especially impact World indices because of the different trading calendars.

*Based on the realised volatility, BNPIWRL8 Index may be partially or wholly uninvested, and will not earn interest or any other return with respect to that cash position.

BNP Paribas Rolling Futures Indices aim at replicating reference market indices by systematically rolling futures contracts. The rolling mechanism consists of investing in front month futures contracts and extending them when approaching their expiration date, maintaining the initial position:

BNP Paribas has developed a large range of rolling equity futures indices, with a total of several billion USD currently invested, providing a cost effcient and liquid market access in multiple regions:

*Replication fees may apply

**subject to market conditions