Products

Commodities – RMB Oil ETN

The RMB Oil ETN is the first product to be launched on the RMB ETN platform. It is based on the RMB Oil Index which is calculated and published daily and references:

The WTI crude oil front month futures contract traded on the NYMEX
The performance includes the change in the price of the futures contracts - the “roll yield” (positive or negative) due to rolling over contracts from one month to another
Interest is returned on the full investment amount at US T-Bill rates
The index deducts a flat investor fee of 75 basis points
The index is translated into ZAR daily using the 4pm USD/ZAR rate

One ETN unit gives exposure to one barrel of oil. The RMB Oil ETN has a term of 5 years.

The RMB Oil ETN offers investors a cost effective and convenient way to take a long-term or short-term view on the performance of crude. It provides investors with the opportunity to gain exposure to the performance of international crude benchmarks via a Rand denominated investment.

Download RMB Oil ETN factsheet	[ 889KB ]
Download RMB Oil ETN pricing supplement	[ 350 KB ]
Download RMB Oil ETN presentation	[ 258 KB ]

RMB OIL ETN		RMB COAL ETN
Market price*	689.21	[i]	Market price*	724.29
Underlying index price*	678.00	[i]	Underlying index price*	712.81


NOTE: *Close of business 15/05/2012.
Market Prices above are calculated as the mid of the best bid and offer. They are delayed and are purely indicative.