3SBP
3x Short BP (BP) ETP
Available for trading on .
Product Description
GraniteShares 3x Short BP 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 Short BP PLC Index that seeks to provide -3 times the daily performance of BP p.l.c. shares.
For example, if BP p.l.c. rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if BP p.l.c. falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.
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3x Short BP (BP) ETP OVERVIEW
LISTING AND CODES for 3x Short BP (BP) ETP
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INDEX & PERFORMANCE of 3x Short BP (BP) ETP
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COLLATERAL Details of 3x Short BP (BP) ETP
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.
