CFM FXCR VA23 FX Index SRI Operating Memorandum Valuation Introduction Publication of Unit Pricing Participation Units The Index is based on the performance of an underlying reference strategy called the CFM FXCR VA23 FX Strategy (the “Strategy”) and the rest of this document details how this Strategy operates. Unit Pricing The CFM FXCR VA23 FX Index (the “Index”) was formed by Capital Financial Markets Limited (“CFML”) in July 2011. Custodian & Broker