Change of settlement structure for ETPs from the WisdomTree product family

Release date: 03 Aug 2022

038/2022 Change of settlement structure for ETPs from the WisdomTree product familyXetra Circular 038/22 Change of settlement structure for ETPs from the WisdomTree product family

1. Introduction

Please be advised that the issuer WisdomTree is planning a change of settlement structure for their Exchange Traded Products (ETPs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA).

2.    Required action

There are no required actions.

3.    Details of the initiative

The issuer intends to convert the ETPs listed in the attached table to the International Central Securities Depository (ICSD) model with effective date Monday, 22 August 2022. Following successful conversion, shares of these ETPs will be held in non-collective safe custody (NCSC). For DE-ISIN holders, the conversion process also includes a one-to-one DE for JE-ISIN exchange and GB-ISIN exchange, respectively, as listed in the Attachment. The short codes of the ETPs to be converted remain unchanged.

The converting ETPs will remain CCP-eligible. Settlement of converted ETPs 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 convertible ETFs WisdomTree

Further information

Recipients:

All Xetra® Members 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)