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ETF settlement: Change of settlement structure for ETFs of HANetf ICAV

Release date: 24 Jul 2020 | Eurex Clearing

No. 064/2020 ETF settlement: Change of settlement structure for ETFs of HANetf ICAV

Eurex Clearing Circular 064/20

1. Introduction

Effective 3 August 2020, HANetf ICAV 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 action

There is no action required from the Participants.

3. Details

The migration consists of six 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). 

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 circular 054/20 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 of Eurex Clearing AG.

Attachment:

  • Table “Converting ETFs”


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:

Clearing Operations, tel. +49-69-211-1 12 50, clearing@eurexclearing.com

Related circular:

Xetra circular 054/20

Web:

www.eurexclearing.com

Authorised by:

Dmitrij Senko