Overview
Announcements

Methodology Change | Solactive Silver Front Month MD Rolling Futures Index ER | Effective Date 13/05/2022

Today, on the 11/05/2022, Solactive announces the following changes to the methodology of the following Index (the ‘Affected Index’):

NAMERICISIN
Solactive Silver Front Month MD Rolling Futures Index ER.SOLCSIERDE000SLA2811

Rationale for Methodology Change

The methodology change has for aim to include as Trading Days the two business days where the CME/NYMEX and TSX are open but Canadian banks do not settle FX transactions. These days are “Truth and Reconciliation Day” (approximately September 30th of each year) and Remembrance Day (approximately November 11th of each year).

The initial reason as to why these days were included as holidays, which was an illiquid CAD/USD FX market, is no longer the case.

Changes to the Index Guideline

The following Methodology changes will be implemented in the following points of the Index Guideline (ordered in accordance with the numbering of the affected sections):

  • Section3. DEFINITIONS

From (old version):

“Trading Day” means any day in which the US commodity market is open and publishes a Contract Settlement Price for the Designated Relevant Contracts and which the Toronto Stock Exchange (“TSX”) is open and publishes closing prices and Canadian Banks are open and have the ability to settle foreign exchange transactions.

To (new version):

Trading Day means any day in which the US commodity market is open and publishes a Contract Settlement Price for the Designated Relevant Contracts and which the Toronto Stock Exchange (“TSX”) is open and publishes closing prices.