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iShares to settle through EuroClear instead of Crest leaving UK shareholders with CDIs
30 replies 1.1K views
I had notification from iShares that as a result of Brexit, their ETFs will no longer be settled by Crest but by EuroClear and Clearstream.
If I understand this correctly then that means that anyone holding iShares ETFs will end up with CDI's instead of shares which are traded 'off-market'. I take that to mean no live price and possibly higher charges and possibly FX charges. I have been given a deadline of 11th June to basically sell up or get CDI's in my iShares ETFs.
Has anyone else received notification and are my conclusions as to no live price and more difficulty trading correct for CDI's?