Tinkoff unblocks securities transferred to non-trading accounts

Broker Tinkoff Investments said that by the end of the week it will unlock securities that were previously transferred to non-trading accounts in agreement with the National Settlement Depository (NSD). We are talking about depository receipts of quasi-foreign holdings Yandex, TCS Group, VK, Rusagro, Etalon, Mother and Child, Globaltrans and O’Key, which are kept on NSD’s Clearstream accounts.

On December 30, these securities of Russian holdings registered abroad, which are traded on the Moscow Exchange, were transferred to the non-trading section and frozen. The broker said that this was necessary under the general license of the Luxembourg Ministry of Finance, which NSD received on December 20. It was assumed that subsequently the papers would be transferred to depositories free from sanctions. This process was to be completed by January 7th.

“In light of Clearstream’s lack of response to our instructions, we have made the decision to re-transfer clients’ securities to trading accounts. This will return liquidity to investors, and will also allow closing individual investment accounts,” the Telegram channel says. Tinkoff Investments.

After the introduction of EU sanctions against NSD, depositories Euroclear and Clearstream suspended operations with it. According to the Bank of Russia, about 6 trillion rubles were frozen. 20 December Ministry of Finance of Luxembourg gave permission to unlock assets that are stuck in the Clearstream international depository until June 3 (before the imposition of EU sanctions). The regulator allowed the transfer of assets of non-sanctioned investors from NSD to other places until January 7.

More about the situation – in the material “Kommersant” “Assets are preparing to unfreeze”.

Lusine Balasyan