|Read more||SENS announcement issued by the JSE on 17 June 2014|
The RMB Coal ETN offers investors a way to invest directly in coal and is an alternative to investing in a coal-producing company. Until now, Coal Exchange Traded Products (ETPs) have only invested in companies linked to coal mining, equipment or transportation and have not offered a direct investment into coal via physical coal or coal futures. The RMB Coal ETN is the first of its kind in that it invests in coal futures traded on ICE.
The RMB Coal ETN is the second industrial energy product to be launched on the RMB ETN platform. It is based on the RMB Coal Index, which is calculated and published daily and references:
One ETN unit gives exposure to one metric tonne of coal. The RMB Coal ETN has a term of 5-years.
|Download||RMB Coal ETN factsheet [ 200 KB]|
|Download||RMB Coal ETN pricing supplement [ 279 KB ]|
|RMB OIL ETN||RMB COAL ETN|
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|Market Prices above are calculated as the mid of the best bid and offer. They are delayed and are purely indicative.|