Xtrackers Physical Silver ETC (EUR)

The ETC securities provide you with exposure to silver without requiring you to acquire ownership in silver in the physical form. ETC securities can be purchased or sold on one or more stock exchanges. Each ETC security relates to a specific amount of silver, known as the metal entitlement per ETC security. The metal entitlement was initially 10 fine troy ounces (one fine troy ounce being 31.1035 grams) of silver and is reduced on a daily basis to reflect the base fee. The relevant auction price for silver used in the ETC securities is as determined by the London Bullion Market Association (LBMA) at 12:00 local London time. The level of the fee and the current metal entitlement is specified on www.etf.dws.com. The issuer publishes a calculated daily value per security which equals the relevant silver price, multiplied with the relevant metal entitlement. This value does not equal the relevant secondary market price (for purchase or sale). The issuer will seek to hold a sufficient amount of silver to cover its obligations under the ETC securities. On redemption, the metal agent (JPMorgan Chase Bank N.A.) will sell the silver and proceeds will be used to pay amounts due to security holders. Subject to any amounts paid to you due to early redemption, no amounts are payable under the ETC security prior to the maturity date. On redemption, it is intended that the ETC security will become payable at an amount equal to the higher of (i) the weighted average prices at which the silver can be sold by the metal agent over a specified period prior to the redemption date multiplied by the metal entitlement on such redemption date and (ii) 10 percent of the issue price of the ETC security. However, since the ability to make such payment is dependent on whether there is sufficient proceeds from the sale of the silver available, security holders may receive no payment or less than 10 percent of the issue price in certain circumstances. ETC securities will not pay periodic interest

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No