Eurex Clearing
1. Introduction
Xtrackers 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. The conversion will be carried out in two tranches.
Effective date of the first tranche: 3 October 2022
Effective date of the second tranche: 10 October 2022
2. Required action
There is no required action for the participants.
3. Details of the initiative
The first migration tranche consists of 96 ETFs, the second migration tranche consists of 60 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). ISINs and short codes of the converting ETFs will remain unchanged.
The 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 Circulars 049/22 (first tranche) and 051/22 (second tranche) for further information related to the 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 or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Related Circulars: | ||
Contact: | client.services@eurex.com | |
Web: | www.eurex.com/ec-en/ | |
Authorized by: | Jens Janka |
