Tinkoff Investments will launch trading in frozen assets on October 7
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On October 7, Tinkoff Investments will launch trading of a part of the blocked assets on the over-the-counter market. The broker’s representative noted that ten securities that were blocked by Euroclear in the National Settlement Depository (NSD) in February will be available to qualified investors at the start.
AT Telegramon the broker’s channel, it is noted that trading will be available for users of the Private or Premium tariffs. You can conclude OTC transactions on weekdays from 16:30 to 19:00 Moscow time. The market maker will be Tinkoff Investments. At the same time, it is clarified that we are talking about ETFs and shares that were presented at over-the-counter trading earlier, and not about assets acquired through the SPB exchange. The list of available securities will be expanded over time.
“Using such deals, qualified investors will be able to exit these assets, while those who are willing to wait and bet on the restoration of the interaction of Russian depositories with Euroclear will have the opportunity to buy these over-the-counter securities in order to earn in the long term,” the press release said. service “Tinkoff”.
Earlier, on August 8, the Bank of Russia for six months banned depositories to carry out transactions with securities credited from the accounts of foreign depositories after March 1.
NSD, through which the majority of Russian securities moved, came under European Union (EU) sanctions in June. In fact, Brussels legalized the actions of the European depositories Euroclear and Clearstream, which stopped all transactions with NSD back in March. Later, the European Commission allowed settlements with NSD only if it did not receive benefits. According to the Central Bank, the amount of securities owned by Russian residents blocked at NSD is about 6 trillion rubles.
About whether NSD has a chance to challenge the EU sanctions – in the material “Kommersant FM” “The depositary checks the justifications”.
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