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Jun 10, 2020

Eurex

ETF options: Change of capacity group for the products IGLN and ISLN

Eurex Circular 043/20

1.   Introduction

Following the issuer’s announcement to change to International Central Securities Depository model of settlement (from currently CREST settlement), the Management Board of Eurex Deutschland took the following decision with effect from 11 June 2020:

  • Change of capacity group for iShares Physical Gold ETC and iShares Physical Silver ETC

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

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


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurexchange.com

Web:

www.eurexchange.com

Authorised by:

Randolf Roth

Market Status

XEUR

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