Securities trading - Russia
Reference
Key market-tradable securities
| Denomination currency | Maturity profile | Interest rate | Interest/Dividend payment frequency | Place of settlement | Form |
| Government bonds | |||||
RUB/USD | Redemption by issuer at maturity | As per prospectus | Generally, quarterly or semi-annual | NSD/CSD | Dematerialised or immobilised (global) |
| Corporate bonds | |||||
RUB/USD | Redemption by issuer at maturity | As per prospectus | Generally, quarterly or semi-annual | NSD/CSD | Dematerialised or immobilised (global) |
| Municipal bonds | |||||
RUB/USD | Redemption by issuer at maturity | As per prospectus | Generally, quarterly or semi-annual | NSD/CSD | Dematerialised or immobilised (global) |
| Equities | |||||
RUB/USD | Not applicable | Not applicable | Varies | NSD/CSD, Registrar | Dematerialised or registered |
Bond redemptions
Redemption is by the issuer at final maturity and is for the entire outstanding issue of securities. The client will be entitled to receive the total payment amount to the account indicated in the questionnaire completed by the client and submitted to the custodian under the respective custody agreement. If so required by applicable Russian law, the client may be further requested by the custodian to disclose the identity of its clients.
Dividend payments
There is no specific payment date for equities dividends in Russia, but rather a payment period within which issuers distribute dividend payments and that can cover several days or weeks. Dividends are approved at general shareholder meetings and the lists of shareholders entitled to participate in a meeting (and therefore to receive dividends) is checked and verified by the registrar on the basis of settled positions on the Record date.
