Backed ERNX € Ultrashort Bond
Website: assets.backed.fi/products
Asset classes
Issuer Backed Finance
Regulation Swiss Code of Obligations (Offering Terms approved by Liechtenstein and BX Swiss AG)
Location 10 La Chasse, Saint-Helier, Jersey JE2 4UE, Jersey
Metrics
Price $ 5.353
Assets Under Management $ 7,185,182
As of Nov. 4, 2024
Description
The Backed ERNX € Ultrashort Bond is a tracker certificate issued as an ERC-20 token. It tracks the price of the iShares € Ultrashort Bond UCITS ETF Euro (Acc.). (the underlying fund) [ISIN IE000RHYOR04]
Its offering terms have been approved by by the Financial Market Authority Liechtenstein (FMA) and in Switzerland by BX Swiss AG, according to Art. 973d et seqq. Swiss Code of Obligations ("CO") under Swiss law.
The underlying fund targets a return equal to the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. The underlying fund invests in corporate fixed rate Fixed Income securities with a time to maturity of less than 1 year and corporate floating rate Fixed Income securities with a time to maturity of less than 3 years.At the time of inclusion in the Index, the Fixed Income securities have an average rating of investment grade.
Smart Contracts
Backed ERNX € Ultrashort Bond (bERNX)
ERC-20