03 Aug 2022

Eurex Clearing

ETP settlement: Change of settlement structure for ETPs of WisdomTree

Eurex Clearing Circular 056/22 ETP settlement: Change of settlement structure for ETPs of WisdomTree

1.  Introduction   

Effective 22 August 2022, WisdomTree will convert their Exchange Traded Products (ETPs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA) to the International Central Securities Depository (ICSD) model.

2.  Required action

There is no required action for the participants.

3.  Details of the initiative

The migration consists of 33 ETFs, as listed in the attachment to this circular. Following successful conversion, shares of these ETPs will be held in non-collective safe custody (NCSC). 

The converting ETPs will remain CCP-eligible. Settlement of converted ETPs 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 038/22 for further information related to the adjusted settlement structure for the ETPs 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 or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Attachment:

  • Table “Converting ETPs”


Further information

Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties

Target groups:

Front Office/Trading, Middle + Backoffice

Related Circular:

Xetra Circular 038/22

Contact:

client.services@eurex.com

Web:

www.eurex.com/ec-en/

Authorized by:

Jens Janka