A member of
Eurex Clearing
1. Introduction
Effective 2 March 2020, Invesco Physical Markets Plc will convert their Exchange Traded Commodity (ETC) (DE000A1MECS1) 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 from the participants.
3. Details
The migration consists of the ETC specified below:
Following a successful conversion, shares of this ETC will be held in non-collective safe custody (NCSC):
The converting ETC will remain CCP-eligible. Settlement of converted ETC 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 011/20 for further information related to the adjusted settlement structure for the converting ETC.
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.
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 Coordination |
| Contact: | Clearing Operations, T +49-69-211-1 12 50, clearing@eurexclearing.com |
| Web: | www.eurexclearing.com |
| Related circular: | Xetra circular 011/20 |
| Authorised by: | Heike Eckert |