Change of settlement structure for ETFs of Xtrackers II

Release date: 23 Sep 2022

051/2022 Change of settlement structure for ETFs of Xtrackers IIXetra Circular 051/22

1. Introduction

Please be advised that Xtrackers II is planning a change of settlement structure for their Exchange Traded Funds (ETFs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA). 

Production start: 10 October 2022

2.    Required action

There are no required actions.

3.    Details of the initiative

The issuer intends to convert the ETFs listed in the Attachment to the International Central Securities Depository (ICSD) model with effective date Monday, 10 October 2022. Following successful conversion, shares of these ETFs will be held in non-collective safe custody (NCSC). ISINs and 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”. 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: 

  • List of converting Xtrackers II ETFs

Further information

Recipients:

All Xetra® Trading Participants and Vendors

Target groups:

Traders, Clearing, Security Administrators, General

Contact:

sales.cashmarket@deutsche-boerse.com

Web:

 

www.xetra.com

Authorised by:

Michael Krogmann, Dagmar Wojcik (on behalf of the Management Board)