Proposed conversion of WisdomTree Multi-asset issuer to an ICSD settlement model
Today all products issued by WisdomTree Multi Asset Issuer PLC (the Issuer) trade using the central securities depositaries (CSD) settlement model. In the UK, settlement is through the local CSD, Euroclear UK & Ireland Limited (the CREST System). The products are listed on multiple stock exchanges and, settlement occurs on multiple local CSDs. This has been the standard operating model for these types of products.
From 29 March 2021 the Issuer will lose the ability to use the CREST System as an issuing CSD. In order to continue to trade, it is proposed to transfer the settlement of trading in the product to the International Central Securities Depositary (ICSD) structure (the ICSD Settlement Model) in December 2020.
See announcement and FAQ for further information: