UBS ETF: Change of external settlement instructions - Updated
Note: This Announcement, originally published on 17 August 2016, and revised on 23 August 2016 has been revised to included an updated version of the UBS ETF SICAV (LU) Funds list.
Effective for settlement date
Monday 17 October 2016
Clearstream Banking AG (CBF)1 will change its omnibus account for customer holdings in the UBS ETF SICAV (LU) to the link with Clearstream Banking S.A. (CBL)2. CBL will continue to hold positions on behalf of its customers at the Transfer Agent: State Street Bank Luxembourg S.C.A. Existing customer holdings and trading venues3 are not affected, including the collective safe custody status for CBF customers.
Cutover details
Settlement in CASCADE and Creation for one of the UBS ETF SICAV (LU) share classes using the current specifications will be exceptionally suspended at 14:00 CET on Friday 14 October 2016. Any cross-border settlement instructions using the current specifications that are pending settlement will be rejected, and customers will have to instruct using the new instruction specifications starting 9:00 CET on Monday 17 October 2016.
New instruction specifications
CBF customers wishing to settle transactions in UBS ETF SICAV (LU) shares with CBL and/or LuxCSD4 customers need to specify account 4496 (instead of 4497) as first level settlement counterparty.
CBL and LuxCSD customers wishing to settle transactions in UBS ETF SICAV (LU) shares with CBF customers need to specify account 18757 (instead of 43012) as first level settlement counterparty.
Customers may refer to CASCADE Link Guide - International and the related links for further details.
Fund details
Funds: Selected shares classes of the UBS ETF SICAV (LU) - see attached list
Effective date: Monday 17 October 2016
Transfer Agent: State Street Bank Luxembourg S.C.A.
Further information
For further information, customers may contact Clearstream Banking Client Services, LuxCSD Client Services or their Relationship Officer.
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1. Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB-7500.
2. Clearstream Banking S.A. (CBL), registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-9248.
3. The UBS ETF share classes remain ineligible for Vestima order routing until further notice.
4. LuxCSD S.A. (LuxCSD), registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.