3LLL

GraniteShares 3x Long Lloyds Banking Group Daily ETP

Product Description

GraniteShares 3x Long Lloyds Banking Group Daily ETP is a collateralised Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Long Lloyds Banking Group Index that seeks to provide 3 times the daily performance of Lloyds Banking Group plc shares.

For example, if Lloyds Banking Group plc rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Lloyds Banking Group plc falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.

 

ETP Prices As of 07/07/20

Base CurrencyGBP
Value Per ETP Security0.406111

Availability

ISA EligibleYes - eligible
SIPP EligibleYes - eligible
UK Reporting StatusYes

Index Information

Index NameSolactive Daily Leveraged 3x Long Lloyds Index
Leverage Factor3
Index ProviderSolactive

Key Details

Underlying StockLloyds Banking Group plc
Leverage Factor3
Base CurrencyGBP
StructureETP
DividendReinvested
Total Ongoing Costs0.007% per day

Listing Codes

Country Exchange Trading Currency Exchange Ticker ISIN SEDOL Bloomberg Ticker Settlement Period Reuters Instrument Code Listing Date
  London Stock Exchange GBX 3LLL XS2066792982 BHR4724 3LLL T+2 3LLL.L 06 Nov 19

Collateral

As of 08 Jul 2020

Collateral Details

Collateral
Collateral Coverage Ratio100.0%
CollateralisedYes
CustodianBNY Mellon

 


Understanding collateral

Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the Collateralised ETPs' change in value and in the outstanding number of securities.  The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian. 

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