X S&P Select Frontier Swap 1C

The X S&P Select Frontier Swap 1C is a financial instrument designed as an equity swap, which allows investors to gain exposure to frontier markets without direct investment in the underlying equities. This asset is primarily structured to track the performance of the S&P Select Frontier Index, which includes countries classified as frontier markets. These markets are characterized by lower capitalization, higher potential growth, and unique development opportunities compared to more established emerging and developed market economies. The X S&P Select Frontier Swap 1C plays a critical role in providing tailored access to these economies for institutional investors or funds that seek diversification beyond traditional markets. Frontier markets covered by this swap often include regions from Eastern Europe, the Middle East, Africa, and parts of Asia and Latin America. By engaging with this instrument, participants can navigate the complex, often volatile, investment landscapes of these regions while mitigating some of the risks associated with direct equity investments through a synthetic exposure method. It thereby extends the capabilities for managing portfolios with a broader geographic scope, catering to those pursuing growth across diverse geopolitical and macroeconomic environments.