2023-07-20 16:40:04
Tinkoff, Jul 20, 19:40
Tinkoff will continue trading in US securities due to a change in their place of registration
In February, following Tinkoff came under EU sanctions, it began transferring foreign securities to non-sanctioned infrastructure outside of Tinkoff Bank. This affected, including US securities
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Photo: RBC Investments
Tinkoff Investments will continue trading in US securities due to the fact that they are stored outside the perimeter of Tinkoff Bank. This was told to RBC Investments by a representative of a brokerage company.
Back in the spring, Tinkoff Investments transferred dollar-denominated papers to an unsanctioned depository outside the Tinkoff Bank perimeter. Trading in all dollar-denominated securities will continue as usual,” he said.
IN post The official Tinkoff Investments Telegram channel also says that “trading in all USD-denominated securities will continue as usual.”
At the same time, the representative did not specify how falling under US blocking sanctions would affect trading in the dollar itself at the broker. On July 20 at 18:11 Moscow time, when the trading session on the foreign exchange market had not yet ended, the RBC Investments correspondent managed to buy dollars in the Tinkoff Investments mobile application.
TCS shares fell following Tinkoff Bank fell under US sanctions
On July 20, Tinkoff Bank came under US blocking sanctions (SDN list), which means that it will effectively be cut off from the dollar system.
“We have prepared for any possible event. Today the auctions are held in the standard mode. We will definitely return with more detailed comments as soon as we fully study the list of measures being introduced. Follow our news in the official channels of Tinkoff Investments,” a representative of the broker told RBC Investments at the time, answering the question of how US sanctions will affect trading in American shares.
RBC Investments also sent a request to the SPB Exchange regarding whether the trading platform will suspend services to Tinkoff Bank due to blocking sanctions. “SPB Exchange operates in compliance with sanctions regimes and restrictions. Subject to the restrictions, the SPB Exchange acts in the interests of trading participants and their clients – retail investors,” a representative of the site said.
Tinkoff clients sent Sberbank dividends to buy its own shares
February 25 European Union introduced The 10th package of sanctions, which included Tinkoff Bank, Alfa-Bank and Rosbank. On the same day, the broker announced that he would transfer clients’ assets to another company, that this would be “seamless” and would take from one to three weeks. The transfer procedure required the company to temporarily suspend trading in securities traded on the SPB Exchange, including Hong Kong shares. At the same time, transactions with Russian shares, as well as depositary receipts, were carried out in the normal mode. On March 17, Tinkoff Investments began returning previously unavailable foreign assets to the auction.
Author: Dmitry Polyansky.
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