to benefit from more efficient post-trade infrastructure and enhanced secondary
Royal Mint Physical Gold ETC – RMAU issued on the HANetf platform was the first
Gold ETC to use the ICSD model when it was issued in February 2020 .
30th July 2020, London - HANetf
ICAV will convert its Irish domiciled exchange-traded funds (ETFs), currently
held in the CREST system, to an International Central Securities Depository
(ICSD) model via Euroclear Bank.
in the CREST system in the Converting Funds will be replaced by CREST
Depository Interests (CDIs). CDIs operate under the terms of the CREST
International Settlement Links Service. The CDIs will carry the same ISIN. The
securities will be disabled from settlement at 18:00 BST on Friday, 31 July
2020 and re-enabled in CDI format as soon as practical on Monday, 03 Aug 2020,
after the transfer to Euroclear Bank has been completed.
The switch to the ICSD model enables
investors to benefit from a more efficient post-trade, infrastructure, reducing
the likelihood of settlement delays or failures and enhancing the secondary
market tradability of the ETFs. The move also removes the need for DE ISINs
when ETFs are traded between UK and German markets. When you trade ETFs your capital is at risk.
following ETFs will convert to the ICSD model: