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ETF settlement: Change of settlement structure for ETFs of FIL Fund Management (Ireland) Limited

Release date: 19 Aug 2019 | Eurex Clearing

No. 082/2019 ETF settlement: Change of settlement structure for ETFs of FIL Fund Management (Ireland) Limited

Eurex Clearing Circular 082/19

1.   Introduction

Effective 2 September 2019, FIL Fund Management (Ireland) Limited 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.

2.   Required actions

There is no action required from the participants.

3. Details

The migration consists of seven 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).

All 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 circular 062/19 for further information related to adjusted settlement structure for the ETFs listed in the attachment.

Attachment:

  • Table: Converting ETFs

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.


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:Clearing Operations, T +49-69-211-1 12 50, clearing@eurexclearing.com
Related circular:Xetra circular 062/19
Web:www.eurexclearing.com
Authorized by:Heike Eckert