RUSSIA: SPB Exchange to Transfer Russian and Quasi-Russian Securities to T+1 Settlement Code

Thursday July 20 2023

Public Joint Stock Company St. Petersburg Exchange (PJSC SPB Exchange) announced that it will transfer Russian securities to the T+1 settlement code. This is due to the synchronization of settlement cycles with the platforms where such securities are traded and to which SPB Exchange trading participants are connected on July 31^st.

Settlements on concluded transactions in the Main Trading Mode will be carried out on the next settlement day. Currently, settlements on Russian and quasi-Russian securities are carried out on the second settlement day from the date of the transaction (T+2).

For international securities (with the exception of quasi-Russian securities), the settlement code will not change and will remain T+2.

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