SPB Exchange to transfer Russian, quasi-Russian securities to T+1 settlement mode

MOSCOW. July 18 (Interfax) - The SPB Exchange will transfer Russian securities to the T+1 settlement mode starting on July 31, the exchange said in a statement.

According to the statement, this is owing to synchronizing settlement cycles with the sites where these securities are traded and to which the SPB Exchange's trading participants are connected.

Quasi-Russian securities will also be transferred to this settlement code, including Cian , Etalon Group, Fix Price Group, Globaltrans Investment, HeadHunter , Ozon , Noventiq Holdings, TCS Group Holding, VK Company , X5 Retail Group, and Yandex.

Settlements will be conducted on deals concluded in the main trading mode on the following settlement day.

Settlements on Russian and quasi-Russian securities are currently conducted on the second settlement day following the date of the transaction (T+2).

The settlement code for international securities will remain T+2, with the exception of quasi-Russian securities.