SPB Exchange delayed the release of foreign securities

SPB Exchange delayed the release of foreign securities

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On the evening of October 28, the St. Petersburg Stock Exchange announced that it would postpone the date of transfer of part of the blocked foreign securities to trading accounts. The decision was made in agreement with the Bank of Russia and brokers.

“This is due to the completion of the process of reconciliation of balances on securities and the completion of the coordination of the procedure for the distribution of securities among clients,” the statement says. message exchanges. The date is postponed for several days, the St. Petersburg Exchange announced it additionally.

October 24 trading floor informedthat its settlement depository, SPB Bank, will transfer 680 foreign securities to the trading sections of sub-accounts. The value of the securities will be $312 million.

Earlier, foreign securities of former clients of banks that fell under the sanctions were blocked on the accounts of the National Settlement Depository. It has become impossible to sell shares to an outside investor or transfer them to the SPB Exchange depository.

Read more in the publication “Kommersant” “Non-travel shares”.

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