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Pin to quick picksWt Agriculture Regulatory News (AIGA)

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Novation MLCI Comm Contracts to Merrill Lynch Int

27 Oct 2017 13:09

RNS Number : 8624U
ETFS Commodity Secs Ltd
27 October 2017
 

ETFS Commodity Securities Limited

LEI: 21380068Q1JSIAN4FO63

27 October 2017

ETFS Commodity Securities Limited

(the "Issuer")

ETFS Classic and Longer Dated Commodity Securities

ETFS Short and Leveraged Commodity Securities

Appointment of new Commodity Contract Counterparty

Novation of MLCI Commodity Contracts to Merrill Lynch International

Collateral Changes

Amendments to Trust Instruments and Conditions

and

Termination of UBS AG as Commodity Contract Counterparty

 

Terms used in this announcement and not otherwise defined bear the meanings given, in relation to the ETFS Classic and Longer Dated Commodity Securities, in the prospectus of the Issuer dated 2 October 2017 and in relation to the ETFS Short and Leveraged Commodity Securities, in the prospectus of the Issuer dated 29 August 2017.

Further to the Announcement (the "July Announcement") made by ETFS Commodity Securities Limited (the "Issuer") on 3 July 2017 and the Announcement (the "Effective Date Announcement") on 13 October 2017, the Issuer is pleased to announce that the Effective Date (as defined in the July Announcement) for the purposes of the agreements between the Issuer, Citigroup Global Markets Limited ("CGML"), Merrill Lynch Commodities Inc. ("MLCI"), Merrill Lynch International ("MLI") and The Law Debenture Trust Corporation occurred on 24 October 2017.

 

All Commodity Contracts with UBS AG ("UBS") have now been effectively replaced by equivalent Commodity Contracts with CGML. The Facility Agreements with UBS have now terminated and the UBS Termination Date (as defined in the Effective Date Announcement) is 27 October 2017.

 

At the date of this Announcement, the Commodity Contract Counterparties are CGML and MLI.

 

For further information, please contact:

Ciaran Hocking

R&H Fund Services (Jersey) Limited

Tel: +44 (0) 1534 825200

Fax: +44 (0) 1534 825335

E-mail address: etfsjersey@rhfsl.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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