A member of
Eurex Clearing
1. Introduction
Effective 11 November 2019, Vanguard Funds Plc 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 action
There is no action required for the participants.
3. Details
The migration consists of 37 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 074/19 for further information related to adjusted settlement structure for the ETFs listed in the 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 of Eurex Clearing AG.
Attachment:
Further information
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
| Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security |
| Contact: | Clearing Operations, T +49-69-211-1 12 50, clearing@eurexclearing.com |
Related circular: | Xetra circular 074/19 |
| Authorised by: | Heike Eckert |