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Eurex Clearing
Effective 20 June 2016, BlackRock (iShares III plc) will convert further Exchange Traded Funds (ETFs) to the International Central Securities Depository (ICSD) model.
The fifth migration wave will consist of 30 ETFs (please refer to the table in this circular), issued by iShares III plc. 28 out of 30 affected ETFs will be offered for trading on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA). Record date will be 17 June 2016 and effective date 20 June 2016.
Following the successful conversion, shares of these ETFs will be held in non-collective safe custody (NCSC) and no longer in collective safe custody (CSC). For DE ISIN ETF holders, the conversion process will also include a one-for-one DE for IE ISIN exchange as listed in the table. Short codes of the converting ETFs will remain unchanged.
All converting ETFs will remain CCP-eligible. Settlement of converted ETFs will take place on a Clearstream Banking Frankfurt International ("CBF-I") 6-series account with settlement location "CBL". The settlement account of Eurex Clearing will be "67525".
All pending trades will be switched to the international settlement structure during the migration weekend.