WisdomTree Commodity Secs Ltd CSL - Changes to Bloomberg WTI Crude Oil Sub-Index (3264M)
May 07 2020 - 11:04AM
UK Regulatory
TIDMAIGA
RNS Number : 3264M
WisdomTree Commodity Secs Ltd
07 May 2020
WisdomTree Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
7 May 2020
WisdomTree Commodity Securities Limited
(the "Issuer")
WisdomTree Short and Leveraged Commodity Securities and
WisdomTree Micro and Commodity Securities
Changes to Bloomberg WTI Crude Oil Sub-Index(SM)
(the "Index")
Changes to Methodology
On 3 May 2020, Bloomberg announced a change to the methodology
for the Index with immediate effect. The Index Announcement is as
follows:
"Consistent with the input received from our recent
consultation, and in response to user inquiries following our
recent announcement, Bl oomberg remains committed to taking
necessary steps for the BCOM index family to follow its
methodological intent of providing an investable and hedgable
benchmark.
Accordingly, should BCOMCL sub-indices levels go negative during
or outside the upcoming May roll period despite our recent decision
aimed to mitigate such an event from occurring, we will close the
index level at zero and relaunch the index as soon as practicable
with appropriate market notice.
Bloomberg welcomes user views on this contingency measure as
well as general user preferences as it continues to review how the
BCOM family methodology can best adapt to these secular changes in
the underlying crude oil market.
Please contact or submit comments to the index team via
commodities@bloombergindices.com .
Bloomberg customers can visit INP <GO> on the Bloomberg
Terminal for all index publications and announcements. For
additional information, please visit bloombergindices.com."
For further information please contact infoeu@wisdomtree.com
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
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