Source - RNS
RNS Number : 3534K
ETFS Commodity Secs Ltd
20 September 2016
 

RNS Number 3534K

ETFS Commodity Securities Limited

20 September 2016

 

ETFS Commodity Securities Limited

Capital Adjustment

ETFS Commodity Securities Limited (the "Issuer") gives notice of the following:

With effect from 20 October 2016 the basis of calculation of the rate of the Capital Adjustment will change. The rate of the Capital Adjustment is currently the weekly 3-month U.S. Treasury Bill rate less a spread of 0.45 per cent. per annum in the case of Classic Commodity Contracts, 0.60 per cent. per annum in the case of Longer Dated Commodity Contracts, 0.85 per cent. per annum in respect of the One Times Short Commodity Securities, 1.90 per cent. per annum in respect of the Three Times Short Individual Securities, 1.30 per cent. per annum in respect of the Two Times Long Commodity Securities and 1.60 per cent. in respect of the Three Times Long Individual Securities (reflecting the risk taken by the Commodity Contract Counterparties) and less Management Fee and the Licence Allowance.

As at 19 September 2016, the rate of the Capital Adjustment was as follows:

 

Daily

Annual*

Classic and Longer Dated Commodity Securities

 

 

Classic Micro and Commodity Securities

-0.0000166%

-0.60%

Longer Dated Micro and Commodity Securities

-0.0000207%

-0.74%

 

 

 

Short Commodity Securities

 

 

One Times Short Commodity Securities

-0.0000409%

-1.46%

Three Times Short Individual Securities

-0.0000696%

-2.47%

 

 

 

Leveraged Commodity Securities

 

 

Two Times Long Commodity Securities

-0.0000532%

-1.90%

Three Times Long Individual Securities

-0.0000614%

-2.19%

 

*    is the Daily rate compounded over 365 days

 

With effect from 20 October 2016 the rate will be based on the four week U.S. Treasury Bill rate rather than the three month U.S. Treasury Bill rate. Had the change become effective on 19 September 2016, the rate of the Capital Adjustment would have been as follows:

 

Daily

Annual*

Classic and Longer Dated Commodity Securities

 

 

Classic Micro and Commodity Securities

-0.0000201%

-0.72%

Longer Dated Micro and Commodity Securities

-0.0000242%

-0.87%

 

 

 

Short Commodity Securities

 

 

One Times Short Commodity Securities

-0.0000444%

-1.59%

Three Times Short Individual Securities

-0.0000731%

-2.60%

 

 

 

Leverage Commodity Securities

 

 

Two Times Long Commodity Securities

-0.0000567%

-2.02%

Three Times Long Individual Securities

-0.0000649%

-2.31%

 

*    is the Daily rate compounded over 365 days

 

Terms used in this announcement and not otherwise defined bear the same meanings as where used in the relevant Prospectus, being in the case of the Classic and Longer Dated Commodity Securities, the prospectus of the Issuer dated 21 April 2016 and in the case of the Short and Leveraged Commodity Securities, the prospectus of the Issuer dated 19 October 2015.

For further information, please contact

Richard Parker,

R&H Fund Services (Jersey) Limited

Tel: +44 (0) 1534 825200

Fax: +44 (0) 1534 825335

E-mail address: [email protected]

 


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