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HANetf Adopts ICSD Settlement Model For 6 ETFs

  • ETFs to benefit from more efficient post-trade infrastructure and enhanced secondary market tradability.
  • The 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 [1].

 

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.

Holdings 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.

The following ETFs will convert to the ICSD model:

Product Name  ISIN

EMQQ Emerging Markets Internet & Ecommerce UCITS ETF - Accumulating

IE00BFYN8Y92

HAN-GINS Cloud Technology UCITS ETF - Accumulating

IE00BDDRF924

HAN-GINS Tech Megatrend Equal Weight UCITS ETF  Accumulating

IE00BDDRF700

KMEFIC FTSE Kuwait Equity UCITS ETF - Accumulating

IE00BGPBVS44

The Medical Cannabis and Wellness UCITS ETF - Accumulating

IE00BG5J1M21

HAN-GINS Indxx Healthcare Innovation UCITS ETF - Accumulating

IE00BJQTJ848

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