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Xetra-Gold exceeds mark of 1,000 deliveries

Release date: 08 Oct 2018 | Deutsche Börse Commodities

Xetra-Gold exceeds mark of 1,000 deliveries

Volume of 4.9 tonnes / Private investors in particular make use of option

Since the introduction of Xetra-Gold (ISIN: DE000A0S9GB0) in 2007, more than 1,000 investors have opted for delivery of their physically deposited gold. The total volume currently amounts to a total of 4.9 tonnes.

For every single Xetra-Gold certificate, exactly one gram of gold is deposited in the central vault depository for German securities in Frankfurt. On request, investors can however have their securitised gold delivered to their custodian bank. Especially private investors make use of this option.

With current gold holdings of 179.1 tons, Xetra-Gold is Europe's leading gold-backed security. At the beginning of the year, holdings were at 175.0 tonnes. The holdings always increase when investors buy Xetra-Gold certificates via the stock exchange. Of all ETPs traded on the Xetra venue, Xetra-Gold is the security with the highest turnover. In the first half of 2018, order book turnover amounted to €1.29 billion.

Profits from the sale or redemption of Xetra-Gold after a minimum holding period of one year are not subject to withholding tax, as announced by the German Federal Fiscal Court in September 2015. Thus, the acquisition and redemption or sale are to be assessed for tax purposes as a direct acquisition and sale of physical gold - such as gold bars or gold coins.

Xetra® and Xetra-Gold® are registered trademarks of Deutsche Börse AG.

About Xetra-Gold

Xetra Gold (ISIN: DE000A0S9GB0) is a 100% gold-backed bearer note issued by Deutsche Börse Commodities GmbH that grants the right to physical delivery of gold. Each individual Xetra-Gold note grants the investor the right to demand the delivery of one gram of physical gold from the issuer. The issuer holds a corresponding amount of physical gold and a limited amount of gold leaf rights for each Xetra Gold note. The fact that Xetra-Gold takes the form of a security makes it fungible and as easy to transfer as a share. Insurance undertakings in Germany are also allowed to purchase Xetra-Gold for their restricted assets in the amount of up to five percent of their commodities investment. The international derivatives exchange Eurex offers futures and options on Xetra-Gold. Xetra-Gold is admitted for sale to the public in Austria, Luxembourg and the UK, as well as Germany. The full details on Xetra-Gold bearer notes, particularly on the terms and conditions, as well as on the issuer, can be found in the prospectus. The prospect including supplements or updates can be obtained free of charge at Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn, Germany, or downloaded under www.xetra-gold.com.

About Deutsche Börse Commodities GmbH

Xetra-Gold issuer Deutsche Börse Commodities GmbH, based in Eschborn/Frankfurt, is a joint venture between Deutsche Börse AG and banking partners Commerzbank AG, Deutsche Bank AG, DZ Bank AG, B. Metzler seel. Sohn & Co. KGaA, and Swiss-based bank Vontobel. Umicore AG & Co. KG, a Group subsidiary of Umicore s.a. which operates several gold refineries across the globe and manufactures gold bars, is also a partner. The issuer’s sole business purpose is to provide the market with Xetra-Gold, the bearer note backed 100 percent by physical gold, and to enable efficient, transparent and cost-effective trading of this securitisation of physical gold.

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