A member of
Eurex Clearing
1. Introduction
Effective 2 September 2019, FIL Fund Management (Ireland) Limited will convert their Exchange Traded Funds (ETFs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA) to the International Central Securities Depository (ICSD) model.
2. Required actions
There is no action required from the participants.
3. Details
The migration consists of seven ETFs as listed in the attachment to this circular. Following successful conversion, shares of these ETFs will be held in non-collective safe custody (NCSC).
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”.
Please refer to Xetra circular 062/19 for further information related to adjusted settlement structure for the ETFs listed in the attachment.
Attachment:
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Further information
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
| Contact: | Clearing Operations, T +49-69-211-1 12 50, clearing@eurexclearing.com |
| Related circular: | Xetra circular 062/19 |
| Web: | www.eurexclearing.com |
| Authorised by: | Heike Eckert |