Ten ETCs and Five ETNs Issued by Royal Bank of Scotland Launched on Xetra

RBS and Deutsche Börse expand offering in ETP segment

Ten exchange traded commodities (ETCs) and five exchange traded notes (ETNs) issued by The Royal Bank of Scotland have been tradable throughout Europe on Xetra® since Thursday.

Seven of the ten ETCs enable investors to track the performance of commodities indices from the Rogers International Commodity Index family Enhanced (RICI Enhanced) for the first time. These seven RCI Enhanced ETCs track futures contracts in the following commodities: Brent crude oil, WTI crude oil, natural gas, agricultural commodities, industrial metals, grains and oilseeds and a basket of 37 commodities. An optimized selection procedure incorporating a rollover effect is used to minimize possible negative impacts. The new rollover approach takes into account certain seasonal patterns and cycles associated with the individual commodities, an average futures contract trading volume of at least USD 25 million and concurrent investment in futures contracts with differing maturities.

The three remaining ETCs allow investors to participate in the performance of commodities indices from the S&P Goldman Sachs Commodity Index family. These three ETCs track the futures contracts on Brent crude oil, WTI crude oil and natural gas.

Four of the Royal Bank of Scotland ETNs enable investors to participate in the performance of the following equity indices from the MSCI Index family: MSCI FM (Frontier Markets) Daily Net Total Return Index, MSCI AC South East Asia Net TR USD Index, MSCI Gulf Cooperation Council ex SA Top 50 Net TR USD Index and MSCI Daily TR Net Emerging Markets USD Index. RBS also offers an ETN on the CECE Composit Index in EUR, which comprises leading Polish, Hungarian and Czech companies.

The product offering of Deutsche Börse’s ETP segment currently comprises 171 exchange traded commodities (ETCs) and 19 exchange traded notes (ETNs). The monthly trading volume of ETCs averages around €440 million.

The new products with ISIN and management fee are listed in the tables attached to this message .


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