A member of
Eurex Clearing
1. Introduction
This circular contains information with respect to the following topic:
2. Required action
To ensure orderly settlement of expiring contracts in these products going forward a USD denominated 6-series account of Clearstream Luxembourg (CBL) will be required. Clearing Members offering these products for clearing have to guarantee that they have set up an appropriate settlement account in the CCP system of Eurex Clearing.
3. Details
Following the issuer’s announcement to change to International Central Securities Depository model of settlement (from currently CREST settlement), the capacity group for iShares Physical Gold ETC and iShares Physical Silver ETC will be amended with effect from 11 June 2020.
Product type | Product ID | Underlying | Capacity Group old | Capacity Group new | ||||
Option | IGLN | iShares Physical Gold ETC | Physical ETC | Physical ETFs USD | ||||
Option | ISLN | iShares Physical Silver ETC | Physical ETC | Physical ETFs USD |
Please refer to Eurex circular 043/20 for further information.
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 + Backoffice, IT/System Administration, Auditing/Security Coordination |
Contact: | client.services@eurexclearing.com |
Related circular: | Eurex circular 043/20 |
Web: | www.eurexclearing.com |
Authorised by: | Heike Eckert |