Change of settlement structure for ETFs of First Trust Global Funds Plc

Release date: 05 May 2020

030/2020 Change of settlement structure for ETFs of First Trust Global Funds PlcXetra Circular 030/20

1. Introduction

Please be advised that First Trust Global Funds 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 18 May 2020.

Production start: 18 May 2020

2. Required action

There is no required action.

3. Details

The issuer intends to convert the ETFs listed below to the International Central Securities Depository (ICSD) model with effective date Monday, 18 May 2020.

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”. 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)

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