Xetra-Gold records new high in gold holdings

News 29.10.2015

60 ton mark exceeded for the first time

Deutsche Börse Commodities: The gold held in custody by Deutsche Börse Commodities for the purpose of physically backing the Xetra-Gold bond rose to a record high of 60.3 tons last Wednesday, an increase of more than ten tons since the beginning of the year alone. For each bond, exactly one gram of gold is deposited in the vaults. With a price of €33.94 (Xetra price on 29 October) per Xetra-Gold bond or one gram of gold, respectively, the current value of gold in custody is approximately €2 billion.

Among the 185 exchange-traded commodities (ETCs) tradable on Xetra, Xetra-Gold is by far the most successful in terms of turnover. During the first nine months of the year, order book turnover on Xetra stood at more than €1.1 billion.
Just in September, the Federal Fiscal Court (Bundesfinanzhof) had ruled that after a minimum holding period, any profits from the sale or redemption of Xetra-Gold are not subject to the capital gains tax. From a fiscal point of view, the purchase, redemption or sale are thus to be treated just like a direct purchase or sale of physical gold, such as in gold bullions or coins.

About Xetra-Gold
Xetra-Gold (ISIN: DE000A0S9GB0) is a 100 percent gold-backed Exchange Traded Commodity (ETC) issued by Deutsche Börse Commodities GmbH that represents the right to the delivery of physical gold. Each individual Xetra-Gold share grants the investor the right to demand the delivery of one gram of gold from the issuer. The issuer holds a corresponding amount of physical gold and a limited amount of account gold rights for each Xetra-Gold share. The fact that Xetra-Gold takes the form of a security makes it fungible and easy to trade. Insurance companies in Germany are also allowed to purchase Xetra-Gold for their restricted assets up to the amount of up to 5 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 Germany, Austria, Luxembourg, the UK and the Netherlands. The full details of the Xetra-Gold ETC, especially the terms and conditions, and information on the issuer can be found in the prospectus; this, and any supplements, can be obtained free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn, Germany, or can be downloaded at www.xetra-gold.com.

Über Xetra-Gold
Xetra-Gold (ISIN: DE000A0S9GB0) ist eine von der Deutsche Börse Commodities
GmbH emittierte, zu 100 Prozent mit Gold unterlegte Inhaberschuldverschreibung, die einen Auslieferungsanspruch auf physisches Gold verbrieft. Jede einzelne
Xetra-Gold-Schuldverschreibung räumt dem Investor das Recht ein, von der
Emittentin die Lieferung von einem Gramm Gold zu verlangen. Dabei unterhält
die Emittentin für Xetra-Gold-Schuldverschreibungen eine entsprechende Menge
Gold in physischer Form und in begrenztem Umfang in Form von Buchgoldansprüchen.
In der Gestalt eines Wertpapiers ist Xetra-Gold fungibel und genauso leicht
übertragbar wie eine Aktie. In Deutschland ist es auch Versicherungsgesellschaften erlaubt, im Rahmen der Rohstoffquote bis zu fünf Prozent Xetra-Gold für ihr gebundenes Vermögen zu erwerben. Die internationale Terminbörse Eurex bietet Futures und Optionen auf Xetra-Gold an. Außer in Deutschland ist Xetra-Gold zum öffentlichen Vertrieb in Österreich, Luxemburg,
Großbritannien und in den Niederlanden zugelassen. Die vollständigen Angaben zu den Xetra-Gold Inhaberschuldverschreibungen, insbesondere zu den Bedingungen, sowie Angaben zur Emittentin sind dem Verkaufsprospekt zu entnehmen; dieser ist nebst Nachträgen bei der Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn kostenfrei erhältlich oder kann unter www.xetra-gold.com heruntergeladen werden.

About Deutsche Börse Commodities GmbH
The Xetra Gold issuer Deutsche Börse Commodities GmbH, based in Eschborn, is a joint venture between Deutsche Börse AG and the 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 Exchange Traded Commodity (ETC) backed 100 percent with physical gold, and to enable efficient, transparent and cost-effective trading of this securitization of physical gold.
Xetra® and Xetra-Gold® are registered trademarks of Deutsche Börse AG.

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