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5EUS

Short USD Long EUR 5x Daily ETP

Boost Short USD Long EUR 5x Daily ETP is a fully collateralised, UCITS-eligible ETC. The ETC provides five times the inverse daily performance of the BNP Paribas USD EUR FX Spot Index, which captures the movement in the FX spot rate as well as the interest rate differential between the Euro and the Dollar, plus the EONIA interest income earned on the collateralised amount. 

For example, in case the Dollar rises 1% against the Euro in a day (the Euro depreciates against the Dollar) then the ETC will fall by 5% on that day; however, if the Euro rises by 1% against the Dollar on a day (Dollar depreciates against the euro), then the ETC will rise by 5% on that day, in both cases excluding fees and interest.

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) €34.89
  • Base/Trading Currency EUR/EUR
  • Daily Change 0.57%
  • Leverage Factor -5x
  • ISIN IE00BLNMQT00
  • Bloomberg Ticker 5EUS IM
  • Index Name BNP Paribas USD EUR FX Spot Index
  • Index Bloomberg Ticker BPFXEUSD
Net Asset Value As of 23 Jun 2017
NAV €34.89
Daily Change €0.20
Daily Return 0.57%
Total AUM of fund €1,572,445.67
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 0.89%
Daily Swap Rate 0.00222%

Listings & Codes

Xetra
Base Currency EUR
Trading Currency EUR
Exchange Ticker 0LJH
ISIN DE000A18HC25
SEDOL BYTH6L2
WKN A18HC7
Bloomberg Ticker 0LJH GY
Settlement Period T+2
RIC 0LJH.DE
Listing Date 30 Jun 2015
Borsa Italiana
Base Currency EUR
Trading Currency EUR
Exchange Ticker 5EUS
ISIN IE00BLNMQT00
SEDOL BLNMQT0
Bloomberg Ticker 5EUS IM
Settlement Period T+2
RIC 5EUS.MI
Listing Date 09 Dec 2014

BNP PARIBAS USD EUR FX SPOT INDEX

The BNP Paribas USD EUR FX Spot Index replicates the performance of holding a long spot position in USD (the "Long Currency") against a short spot position in EUR (the "Short Currency"). The daily performance of the Index is determined by reference to these positions and is dependent on two components: 

  • the daily movement of the spot FX rate, which has a positive impact if the EUR depreciates against the USD and a negative impact if the EUR appreciates against the USD; 
  • the cost of financing the positions, which reflects the interest rate differential between the borrowing currency (EUR) and the Long Currency (USD). 

The index is denominated in EUR.

 

 

Index Details

Index ID Card
Index Name BNP Paribas USD EUR FX Spot Index
Currency EUR
Index Provider BNP Paribas
Bloomberg Ticker BPFXEUSD
Leverage Factor N/A
Leverage Method No Leverage

Boost Collateral Details

Details 22 Jun 2017
Collateral Coverage Ratio 105.4%
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

 

The BNP Paribas USD EUR FX Spot Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). The Index Sponsor does not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data on which it is based, and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Index Sponsor makes no warranty, express or implied, as to results to be obtained from the use of the Index. The Index Sponsor makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages and their liability shall not be greater than the fees paid for the Index.