Market News
Aug. 25, 2016 TSE Decision on Delisting, etc.: Barclays ETN iPath Series 10 Issues
TSE has decided on delisting and designation as Securities to Be Delisted as follows.
１．Delisting and Designation as Securities to Be Delisted
| （１）Issue Name | iPath® S&P GSCI® Total Return Index JDR beneficiary certificate (Code: 2021, Market Division: ETN) iPath® S&P GSCI® Precious Metals Index Total Return JDR beneficiary certificate (Code: 2022, Market Division: ETN) iPath® S&P GSCI® Industrial Metals Index Total Return JDR beneficiary certificate (Code: 2023, Market Division: ETN) iPath® S&P GSCI® Energy Index Total Return JDR beneficiary certificate (Code: 2024, Market Division: ETN) iPath® S&P GSCI® Agricultural Index Total Return JDR beneficiary certificate (Code: 2025, Market Division: ETN) iPath® S&P GSCI® Grain Index Total Return JDR beneficiary certificate (Code: 2026, Market Division: ETN) iPath® S&P GSCI® Softs Index Total Return JDR beneficiary certificate (Code: 2027, Market Division: ETN) iPath® S&P GSCI® Livestock Index Total Return JDR beneficiary certificate (Code: 2028, Market Division: ETN) iPath® S&P 500 VIX Mid-Term Futures™ JDR beneficiary certificate (Code: 2029, Market Division: ETN) iPath® S&P 500 VIX Short-Term Futures™ JDR beneficiary certificate (Code: 2030, Market Division: ETN) |
| （２）Period of Designation as Securities to Be Delisted | From Aug. 25, 2016 (Thu.) to Sep. 25, 2016 (Sun.) |
| （３）Delisting Date | Sep. 26, 2016 (Mon.) (Note) In cases where circumstances in which the above beneficiary certificates should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date. |
| （４）Provision | Securities Listing Regulations, Rule 951, Paragraph 1, Item 3, Sub-item i (due to falling under the case where a trust agreement or any other agreement will be terminated.) |
| （５）Reason | Today, Barclays Bank PLC, the management company pertaining to the following ten ETNs (hereinafter "the ETNs"), announced that the number of beneficiary right units held by the beneficiaries who objected to the amendment to the trust agreement, which will make the trust periods expire on Sep. 28, 2016, during the period for objections did not exceed half of the total number of beneficiary right units, and the trust for the ETNs will terminate on Sep. 28, 2016 due to the amendment to the trust agreement. - iPath® S&P GSCI® Total Return Index JDR, - iPath® S&P GSCI® Precious Metals Index Total Return JDR, - iPath® S&P GSCI® Industrial Metals Index Total Return JDR, - iPath® S&P GSCI® Energy Index Total Return JDR, - iPath® S&P GSCI® Agricultural Index Total Return JDR, - iPath® S&P GSCI® Grain Index Total Return JDR, - iPath® S&P GSCI® Softs Index Total Return JDR, - iPath® S&P GSCI® Livestock Index Total Return JDR, - iPath® S&P 500 VIX Mid-Term Futures™ JDR, and - iPath® S&P 500 VIX Short-Term Futures™ JDR The redemption of the remaining assets of the ETNs after the termination of the trusts will be conducted by payment of money. |
２．Exclusion from Securities in Lieu of Money
Beneficiary certificates of the ETNs will be excluded from securities in lieu of money for the following items from Aug. 26, 2016 (Fri.) inclusive.
- Customer margin for margin trading and when-issued transactions
- Trading margin for when-issued transactions
- Trading participant security money
- Participant bond
Designation History of Securities Under Supervision & Securities to Be Delisted
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