2023-04-22 07:43:45
St. Petersburg Exchange,
Apr 21, 10:19
SPB Exchange will unfreeze securities of Russian companies with foreign registration
We are talking regarding such securities as TCS Group, X5 Retail Group, Yandex and others. The exchange has found a solution that will allow trading such assets within Russia without attracting external liquidity
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Photo: Maxim Stulov / Vedomosti / TASS
Starting April 24, SPB Exchange will automatically transfer securities of foreign issuers that carry out their main operating activities in Russia from non-trading to trading sections of depo sub-accounts. Investors will have full access to previously blocked instruments, informed marketplace on your site.
“From April 24, 2023, brokers and their clients will be able to conclude exchange transactions with quasi-Russian securities that were previously on non-trading sections of depo sub-accounts,” the SPB Exchange said in a statement.
At the opening of trading, the securities of the site jumped by 4.55% from the close of yesterday’s trading, to ₽167.7. As of 10:28 Moscow time, growth has slowed down and amounts to 2.49% (₽164.4).
SPB Exchange has warned that the tickers of some quasi-Russian papers that are suspended from trading on foreign exchanges will be changed. The current trading codes from April 24 will be as follows:
- Cian: CIAN@US;
- Etalon Group: ETLN@GS;
- Fix Price Group: FIXP@GS;
- Globaltrans Investment: GLTR@GS;
- HeadHunter Group: HHR;
- Ozon Holdings: OZON@US;
- Noventiq Holdings: SFTL@GS;
- TCS Group Holding: TCS;
- VK Company: VKCO@GS;
- X5 Retail Group: FIVE@GS;
- Yandex N.V.: YNDX@US.
The platform also emphasized that trades in quasi-Russian securities on the SPB Exchange “are carried out only using the Russian (local) liquidity pool, without attracting external liquidity, since such securities are not traded on international platforms.” Trades and settlements on transactions with quasi-Russian securities will continue to be carried out in US dollars.
SPB Exchange will provide access to trading in reverse and leverage ETFs for the first time
Previously, Kommersant reported on the plans of the SPB Exchange to transfer quasi-Russian securities to trading accounts with reference to a letter that the settlement depository of the SPB Bank site sent to professional participants. The publication’s sources specified that if these securities are transferred to trading accounts, brokers will not be able to unlock assets in Euroclear and have the right to refuse to transfer securities.
Also, the transfer of securities to the trading section will actually close the possibility for their further withdrawal abroad. For the withdrawal of securities, it is required to obtain a license from the Belgian authorities, and for this, the securities must remain in non-trading accounts.
Belgium gave the Bank “Saint Petersburg” permission to unlock assets
Ksenia Kotchenko.
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