The Ministry of Finance has simplified the procedure for confirming the rights to payments on Eurobonds
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Ministry of Finance informed on changing the procedure for confirming rights to payments on Eurobonds of the Russian Federation. The agency clarified that the new procedure expands the list of documents confirming the rights of Eurobond holders.
According to order departments of June 23, the list included:
- a document (statement) on the state of the account in order to confirm ownership (Account statement for the purpose for prove of holding), provided by a foreign depository;
- message of the system for the international exchange of financial messages SWIFT format MT 535 (Statement of Holdings), sent by a foreign depository to its client;
- message of the bank-client system or another service for the transfer of electronic documents of a foreign depository or a foreign person entitled to carry out brokerage activities in the securities market;
- an extract from a foreign broker who records and transfers rights to securities;
- another document containing the information reflected in the above documents on the number of RF Eurobonds accounted for on the holder’s account.
In May, President Vladimir Putin signed a decree on the mandatory placement of replacement bonds until January 1, 2024. The Ministry of Finance suggested introducing such a measure back in February.
About the situation on the market – in the material “Kommersant” “Just a substitute solution”.
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