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iPath Currency Exchange Traded Notes (ETNs) from Barclays Bank PLC offer a number of exchange rate and multi-currency solutions.

iPath Currency ETNs provide convenient access to the currency markets and may be used in the following ways:

  • Short Term Tactical Views
  • Substitute or Alternative Asset Class
  • Cash Diversification
  • Currency Overlays
  • Hedging

Exchange Rate

iPath ETN

Ticker

Yearly Fee¹

iPath® EUR/USD Exchange Rate ETN ERO 0.40%
iPath® GBP/USD Exchange Rate ETN GBB 0.40%
iPath® JPY/USD Exchange Rate ETN JYN 0.40%

Multi-Currency

iPath ETN

Ticker

Yearly Fee¹

iPath® GEMS Asia 8 ETN AYT 0.89%
iPath® GEMS Index™ ETN JEM 0.89%
iPath® Asian & Gulf Currency Revaluation ETN PGD 0.89%
iPath® Optimized Currency Carry ETN ICI 0.65%

Diversification may not protect against market risk.

1The investor fee for the iPath exchange rate ETNs is equal to the Yearly Fee times the principal amount of your ETNs times the index factor, calculated on a daily basis in the following manner: The investor fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the investor fee will increase by an amount equal to the Yearly Fee times the principal amount of your ETNs times the index factor on that day (or, if such day is not a trading day, the index factor on the immediately preceding trading day) divided by 365. The index factor on any given day will be equal to the currency component on that day times the accumulation component on that day.

The investor fee for the iPath® GEMS ETNs is equal to the Yearly Fee times the closing indicative value times the daily index factor, calculated on a daily basis in the following manner. The investor fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the investor fee will be equal to the Yearly Fee times the closing indicative value on the immediately preceding calendar day (or the ex coupon indicative value if such day was an index roll date) times the index factor on that day (or, if such day is not an index business day, one) divided by 365. The index factor on any day will equal the closing level of the relevant underlying index on such day divided by the closing level of such index on the immediately preceding index business day.

The investor fee for the iPath® Optimized Currency Carry ETN is equal to the Yearly Fee times the principal amount of your ETNs times the index factor, calculated on a daily basis in the following manner: The investor fee on the inception date will equal zero. On each subsequent calendar day until maturity or early redemption, the investor fee will increase by an amount equal to the Yearly Fee times the principal amount of your ETNs times the index factor on that day (or, if such day is not a trading day, the index factor on the immediately preceding trading day) divided by 365. The index factor on any given day will be equal to the closing value of the underlying index on that day divided by the initial index level. The initial index level is the value of the underlying index on the inception date.

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