Eleven ETFs to migrate to settlement on T+2

Source: Moscow Stock Exchange

On 6 May 2019, trading in Exchange Traded Funds (ETFs) under the Finex ETF and ITI Funds brands will migrate to a T+2 settlement cycle in USD without full collateral required. ·       Nine FinEx ETFs will be transferred from the order book with same day settlement in USD (board ID: EQTD) to the order book with settlement on T+2 in USD (board ID: TQTD); trading in the ETFs in EQTD board will be terminated;·       Two ITI Funds ETFs will be admitted to trading with settlement on T+2 in USD.
Investors will then be able to trade ETFs both in RUB and USD with a unified T+2 settlement cycle.
The move will help reduce costs for investors as they will no longer need to convert currency to trade the ETFs, as well as expand the list of brokers providing investments in ETFs denominated in foreign currency.  
Currently, trades in FinEx ETFs are settled same day in USD, ITI Funds ETFs are settled only in RUB.  
 
Code
Name
ISIN
 
 
1.      
FXAU
FinEx MSCI Australia UCITS ETF
IE00BD3QF110
 
2.      
FXCN
FinEx MSCI CHINA UCITS ETF
IE00BD3QFB18
 
3.      
FXGD
FinEx Gold ETF USD
IE00B8XB7377
 
4.      
FXJP
FinEx MCSI Japan UCITS ETF
IE00BD3QJ310
 
5.      
FXRL
FinEx RTS UCITS ETF USD
IE00BQ1Y6480
 
6.      
FXRU
FinEx Rus Eurobonds ETF (USD)
IE00BD5FH213
 
7.      
FXTB
FinEx USD CASH EQUIVALENTS ETF
IE00BL3DYW26
 
8.      
FXUS
FinEx MSCI USA UCITS ETF
IE00BD3QHZ91
 
9.      
FXIT
FinEx MSCI USA IT UCITS ETF
IE00BD3QJ757
 
10.    
RUSB
ITI FUNDS RUSSIA-FOCUSED USD
LU1483649825
 
11.    
RUSE
ITI FUNDS RTS EQUITY ETF
LU1483649312
 

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