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2SIL

Silver 2x Leverage Daily ETP

PRODUCT DESCRIPTION

 

Boost Silver 2x Leverage Daily ETP is a fully collateralised, UCITS eligible ETC. The ETC provides a total return comprised of two times the daily performance of the NASDAQ Commodity Silver ER index and the interest revenue earned on the collateralised amount.  

For example, if the index rises by 1%, then the ETC will rise by 2%, excluding fees. However, if the index falls by 1%, then the ETC will fall by 2%, excluding fees.

ETP RISK WARNING

The Boost Issuer Plc exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.

 

The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.

KEY INFORMATION

  • Price (NAV) (20 Sep 2017) $47.84
  • Base/Trading Currency USD/USD
  • Daily Change (20 Sep 2017) 0.63%
  • Leverage Factor 2x
  • ISIN IE00B94QL699
  • Bloomberg Ticker 2SIL LN
  • Index Name NASDAQ Commodity Silver ER Index
  • Index Bloomberg Ticker NQCISIER
Net Asset Value 20 Sep 2017
NAV $47.84
Daily Change $0.30
Daily Return 0.63%
Total AUM of fund $700,263.73
Structure
Physical Assets Yes (Collateral)
Structure ETC
Domicile Ireland
Replication Method Fully Collaterised Swap
Key Service Providers
Issuers Boost Issuer PLC
Administrator Capita IFS
Custodian Bank of New York Mellon
Trustee Law Debenture Trust
Auditor Ernst & Young
Swap Provider BNP Paribas Arbitrage SNC
Market Makers Market Makers
Authorised Participants APs
Fees
Annual Management Fee Rate 0.44%
Daily Swap Rate 0.00363%

Listings & Codes

London Stock Exchange
Base Currency USD
Trading Currency USD
Exchange Ticker 2SIL
ISIN IE00B94QL699
SEDOL B94QL69
Bloomberg Ticker 2SIL LN
Settlement Period T+2
RIC 2SIL.L
Listing Date 05 Jul 2013
Index Details

NASDAQ COMMODITY SILVER ER INDEX

 

The NASDAQ Commodity Silver ER Index is designed to reflect an investment in front-month COMEX Silver commodity futures contracts, rolling monthly out of the expiring front-month contract and into the next front-month contract. The index measures excess return performance based on the futures price performance and the roll return. However, the ETC provides a total return performance which also includes the interest revenue on the collateralised amount.

 

 

 

 

Index Details

Index ID Card
Index Name NASDAQ Commodity Silver ER Index
Currency USD
Index Provider NASDAQ
Bloomberg Ticker NQCISIER
Leverage Factor N/A
Reuters Instrument Code .NQCISIER
Leverage Method No Leverage

Boost Collateral Details

Details 20 Sep 2017
Collateral Coverage Ratio 105.3%
Over Collateralised Yes
Custodian Bank of New York Mellon

Boost is an independent boutique Exchange Traded Product (“ETP”) provider and as such it is independent from any investment bank, swap provider, trustee or custodian. Boost ETPs have a robust and transparent collateral structure, which Boost believes offers investors a best of breed counterparty risk model, where investors’ interests are aligned with Boost's.

Boost Collateral Structure

DISCLAiMERS

 

NASDAQ OMX trademarks referenced herein are trademarks of NASDAQ OMX and have been licensed for use by Boost Issuer PLC. The securities incorporating NASDAQ OMX indexes are not created, sponsored, endorsed, recommended or promoted by NASDAQ OMX and NASDAQ OMX shall have any no liability in connection with the securities.