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Eurex Clearing
Effective 29 February 2016, BlackRock (iShares VII plc) will convert further Exchange Traded Funds (ETFs) to the International Central Securities Depository (ICSD) model.
The second migration wave will consist of 28 ETFs (please refer to the table in this circular) issued under the iShares VII umbrella and offered for trading on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA). Record date will be 26 February 2016 and effective date 29 February 2016.
Following the successful conversion, shares of these ETFs will no longer be held in collective safe custody (CSC) but in non-collective safe custody (NCSC). Only the national depository will change to an international depository. 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".
Pending trades will be switched to the respective settlement structure during the migration weekend.
Please refer to Xetra circular 014/16 for further information on the change of the settlement structure for the below mentioned ETFs.