Methodology Change | E-Mobilität Wasserstoff Index | Effective Date 04th May 2020
Today, on the 30th April 2020, Solactive AG announces the following change to the methodology of the following index (‘Affected Index’):
NAME |
RIC |
ISIN |
E-Mobilität Wasserstoff Index |
.EMOBWAS |
DE000SLA8F83 |
Rationale for methodology change
Solactive has determined that where the Affected Index is used as underlying for financial instruments, considerable basis risks may arise, especially in cases where hedging transactions for financial instruments have to be carried out after the close of trading on some of the exchanges represented in the Index. This risk can be observed in particular for financial instruments with a daily constant leverage (or factor).
The Index is currently calculated every day from 09:00 a.m. to 10:50 p.m., CET. In order to ensure that the index can be used as an underlying for financial instruments with a daily constant leverage (or factor) Solactive has decided to adjust the Calculation Days and Business Days for the Index and to follow holiday calendar of the London Stock Exchange.
Changes to the Index Guideline
Section 4 Definitions
From:
A “Calculation Day” is every weekday from Monday to Friday.
A “Business Day” is every weekday from Monday to Friday.
To:
A “Calculation Day” is every weekday from Monday to Friday. A day on which London Stock Exchange is not open for general business is not a Calculation Day.
A “Business Day” is every weekday from Monday to Friday. A day on which London Stock Exchange is not open for general business is not a Business Day.
Defined terms used in this announcement, but not defined herein, have the meaning assigned to them in the respective Index Guideline of the Affected Indices. The amended version of the Index Guideline will be available on the effective date.