Methodology Change | Elwood Blockchain Global Equity Index and Elwood Blockchain Global Equity PR Index | Effective Date 18th March 2019
Today, on the 25th of February, 2019, Solactive announces the following changes to the methodology of the Elwood Blockchain Global Equity Index (ISIN: DE000SLA6ZB5) and the Elwood Blockchain Global Equity PR Index (ISIN: DE000SLA6ZC3):
The description of “Token investments” in section “4. Definitions”, “Index Universe” currently reads as follows: “Companies who hold cryptocurrency related tokens or who have some rights to cryptocurrency tokens or similar instruments”. In order to provide a clearer description of the term “Token investments” the oversight committee has decided to remove the wording “or similar instruments” from the description part.
Furthermore, the definitions of the Selection Day, Adjustment Day and Trading Day in the index guideline will be adjusted as follows:
The “Selection Day” is 5 Business Days before the scheduled Adjustment Day where the scheduled Adjustment Day is the last Business Day of January, April, July and October.
The “Adjustment Day” is the last Business Day of January, April, July and October. If that day is not a Trading Day the Adjustment Day will be the immediately following Trading Day.
A “Trading Day” is with respect to an Index Component included in the Index at the Adjustment Day and every Index Component included in the Index at the Business Day immediately following the Adjustment Day (for clarification: this provision is intended to capture the Trading Days for the securities to be included in the Index as new Index Components with close of trading on the relevant exchange on the Adjustment Day) a day on which the relevant Exchange is open for trading (or a day that would have been such a day if a market disruption had not occurred), excluding days on which trading may be ceased prior to the normal Exchange closing time. The Index Calculator is ultimately responsible as to whether a certain day is a Trading Day.
The suggested changes to the definitions of the respective days ensure the tradability of the product linked to the index.
The index guideline will be modified accordingly and the changes will be effective on March 18, 2019. The new index guideline will be available on this date.