Friday September 24 2021
News Source: Global Exchanges
Focus: General - Global Exchanges
On 24th September 2021, Moscow Exchange (MOEX) announced that it will admit 80 foreign stocks to trading on 1st October 2021
As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 361. MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.
Moscow Exchange launched trading in international equities on 24th August 2020. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX’s robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends will be set in the currency of the issuer, i.e., in USD for American securities.
Individual investors can submit Form W-8 to establish eligibility for reduction or exemption of tax on dividend income from U.S. securities.
Click on the above link for further information