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Barclays Bank PLC amends Coupon Ex-Date Definition for 2 MLP ETNs.

BANKING AND CREDIT NEWS-September 5, 2017-Barclays Bank PLC amends Coupon Ex-Date Definition for 2 MLP ETNs

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Barclays has announced that effective Thursday, August 31, 2017 (the "Effective Date"), the definition of Coupon Ex-Date for two Barclays MLP ETNs will be amended, the company said.

The ETNs trade on the NYSE Arca stock exchange under the ticker symbols IMLP and ATMP.

The change will shorten the time period between the Coupon Ex-Date and the Coupon Record Date to one index business day from the current time period of two index business days.

The next coupon valuation date for each of the ATMP ETNs and the IMLP ETNs is November 15, 2017.

The change is being made in light of the SEC amendments to Rule 15c6-1(a) under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for securities trades from T+3 to T+2. The amended rules will also shorten the time period for which transactions in stocks shall be ex-dividend or ex-rights.

CIBC Atlantic Trust Private Wealth Management is one of the nation's private wealth management firms, offering integrated investment management and wealth strategies for high net worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management strategies. For more information, visit www.cibcatlantictrust.com.

CIBC is a Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its digital banking network, and locations across Canada, in the United States and around the world.

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Publication:M2 Banking & Credit News (BCN)
Date:Sep 5, 2017
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