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ETF settlement: Change of settlement structure for ETFs of Invesco Markets plc

Release date: 15 May 2019 | Eurex Clearing

No. 048/2019 ETF settlement: Change of settlement structure for ETFs of Invesco Markets plc

Effective 3 June 2019, Invesco Markets plc 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 migration consists of 50 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). For DE ISIN holders, the conversion process will also include a one-for-one DE for IE ISIN exchange as listed in the attachment. Short codes of the converting ETFs will remain unchanged.

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 044/19 for further information related to the adjusted settlement structure for the ETFs listed below.

Further information

 

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