State Street completes Irish SPDR ETF migration
April 23, 2018

Euroclear Bank today announced that State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (STT), has now completed the migration of all of its SPDR Irish-domiciled Exchange-Traded Funds (ETFs) to Euroclear's ICSD model.

SSGA has transitioned the remaining 62 ETFs under the SSGA SPDR ETFs Europe I & II classification to Euroclear's International issuance structure or ICSD model. The related transactions will settle directly in the ICSD – Euroclear Bank.

The first tranche of SSGA's SPDR ETFs migrated into Euroclear's international issuance structure in December 2014.

Mark Harris, Capital Markets Strategist for SPDR ETFs commented: "The international ETF model provides a centralised issuance and post trade environment that removes much of the fragmentation seen under the domestic model for our multi listed products. 

"We believe the model will, over time, deliver a number of key benefits for our market participants whilst providing a solid platform for the continued growth of our European ETF business. We are pleased to be at the forefront of this infrastructure evolution and we look forward to continuing our partnership with Euroclear Bank and driving further efficiencies for our end-investors."





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Euroclear Bank today announced that State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (STT), has now completed the migration of all of its SPDR Irish-domiciled Exchange-Traded Funds (ETFs) to Euroclear's ICSD model.

SSGA has transitioned the remaining 62 ETFs under the SSGA SPDR ETFs Europe I & II classification to Euroclear's International issuance structure or ICSD model. The related transactions will settle directly in the ICSD – Euroclear Bank.

The first tranche of SSGA's SPDR ETFs migrated into Euroclear's international issuance structure in December 2014.

Mark Harris, Capital Markets Strategist for SPDR ETFs commented: "The international ETF model provides a centralised issuance and post trade environment that removes much of the fragmentation seen under the domestic model for our multi listed products. 

"We believe the model will, over time, deliver a number of key benefits for our market participants whilst providing a solid platform for the continued growth of our European ETF business. We are pleased to be at the forefront of this infrastructure evolution and we look forward to continuing our partnership with Euroclear Bank and driving further efficiencies for our end-investors."



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