Change of settlement structure for ETFs of HSBC ETFs Plc

Release date: 17 Mar 2020

019/2020 Change of settlement structure for ETFs of HSBC ETFs Plc Xetra Circular 019/20

1. Introduction

Please be advised that HSBC ETFs Plc is planning a change of settlement structure for their Exchange Traded Funds (ETFs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA) with effect from 23 March 2020.

Production start: 23 March 2020

2. Required action

There is no required action.

3. Details

The issuer intends to convert the ETFs listed in the attachment to the International Central Securities Depository (ICSD) model with effective date Monday, 23 March 2020.

Following a 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 the converted ETFs will take place on a Clearstream Banking Frankfurt International (“CBF-I”) 6-series account with settlement location “CBL”. Trade confirmations, reports and contract notes will display “7525” as counterparty’s KV number and counterparty’s settlement account. The settlement account of Eurex Clearing will be “67525”.

Attachment:

  • Converting ETFs

Further information

Recipients:All Xetra® Members and Vendors
Target groups:Traders, Clearing, Security Adminstrators, General
Contact:Institutional Sales, sales.cashmarket@deutsche-boerse.com
Web:www.xetra.com
Authorised by:Michael Krogmann, Dagmar Wojcik (on behalf of the Management Board)