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Top related persons:
Alexander Marrow - 2 Morgan Chase - 1 Mike Segar - 1 Morgan - 1 JPM - 1 Deutsche - 1 Russia's - 1 Magnit - 1
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Moscow Russia Euroclear New York Ukraine Russian Krasnodar Uzbekistan
Top related orgs:
Settlement Depository - 2 NSD - 2 Thomson - 2 Co - 1 New York City - 1 REUTERS - 1 Deutsche Bank - 1 Deutsche Bank . Lawyers - 1

Search resuls for: "NSD"


5 mentions found


☆ Exclusive: JP Morgan says client shares in Russia's Magnit may be missing
  + stars: | 2023-07-13 | by ( Sinead Cruise Alexander Marrow | Sinead Cruise | Alexander Marrow | ) www.reuters.com   time to read: +5 min
According to JPM's circular, the shares currently unaccounted for are estimated to be less than 1% of the shares held in custody at another financial institution. This meant Deutsche was unable to reconcile the company shares held at another custodian bank with the depositary receipts on its own books. The Bank of Russia did not immediately respond to a request for comment on JP Morgan's search for the potentially missing Magnit shares. More than 60% of Magnit's shares are free-float, with shareholders including major global asset managers, Refinitiv data shows. When first announcing the plans, Magnit said its voluntary tender offer was also addressed to JPM, regarding shares held in its DR program custody account.
Persons: Morgan Chase, Mike Segar, Morgan, JPM, Deutsche, Russia's, Magnit, Sinead Cruise, Alexander Marrow, Jane Merriman Organizations: Co, New York City, REUTERS, Reuters, Deutsche Bank, Deutsche Bank . Lawyers, Deutsche, Bank of Russia, Settlement Depository, NSD, Kremlin, Thomson Locations: New York, Ukraine, Moscow, Russian, Krasnodar, Russia, Uzbekistan, Euroclear
☆ Russian asset manager files $2 billion Euroclear lawsuit in Moscow
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +2 min
MOSCOW, July 12 (Reuters) - One of Russia's oldest asset managers, First AM, has filed a claim for 184.8 billion roubles ($2.04 billion) with the Moscow Arbitration Court against Euroclear Bank, court documents showed, trying to protect investors whose assets were frozen. Sanctions on Russia's National Settlement Depository (NSD), as well as other Western measures aimed at restricting Russia's access to global financial infrastructure, have blocked many Russian investors' access to securities held in jurisdictions outside Russia. First AM, formerly known as Sber Asset Management, had 1.44 trillion roubles in assets under management as of September 2022. In 2022, it blocked Russian investors' operations on assets which were accounted for in the NSD account." Late last year, First AM applied to European authorities to unblock its assets at Euroclear and Clearstream.
Persons: Euroclear, Elena Fabrichnaya, Alexander Marrow, Sharon Singleton Organizations: Court, Euroclear Bank, Settlement Depository, Asset Management, Reuters, NSD, European Union, Thomson Locations: MOSCOW, Moscow, Russia, European, Belgium, Kremlin, Euroclear, Luxembourg
☆ Luxembourg authorises some frozen Russian assets to be unblocked
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: +2 min
The general licence issue should allow non-sanctioned Russian investors to transfer assets from the NSD, Russia's domestic paying agent that was sanctioned by the European Union in June, to other locations. Analysts from Otkritie Investments wrote that Luxembourg appeared to have taken numerous appeals from Russian depositories and investors into account. "This is a clear and positive signal that gives grounds to expect a decision on the issue of unblocking securities of Russian private investors," Otkritie analysts said. The EU sanctions on the NSD, as well as other Western measures aimed at restricting Russia's access to global financial infrastructure, have blocked many Russian investors' access to securities held in jurisdictions outside Russia. "Comments and interpretations of the text will be given later, after consultation with the group's legal consultant," the NSD said.
☆ Russia's settlement depository demands EU sanctions be recognised as unlawful
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe NSD filed a lawsuit at the European Court of Justice in Luxembourg on Aug. 12, but gave no further details. The EU sanctions on the NSD, as well as other Western measures aimed at restricting Russia's access to global financial infrastructure, have blocked many Russian investors' access to securities held in jurisdictions outside Russia. The NSD said that sanctions had been imposed based on "unsubstantiated" facts and that the Council had "failed to meet the required standard of proof", making the sanctions unlawful. Russian Eurobond issuers have started issuing securities to replace those stuck abroad due to sanctions imposed on Moscow for what it calls a "special military operation" in Ukraine. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elena Fabrichnaya and Alexander Marrow, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
☆ Polymetal shares down as gold miner scraps final dividend
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +2 min
A small toy figure and gold imitation are seen in front of the Polymetal logo in this illustration taken November 19, 2021. Polymetal has not been directly targeted by Western sanctions imposed on Moscow since it sent thousands of troops to Ukraine in February. Owners of the shares held via NSD, Russia's domestic paying agent, are unable to receive dividends now. To ease the process, the miner is currently considering changing the jurisdiction of the parent company - Polymetal International Plc - from Jersey to a "friendly" territory, it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Polina Devitt Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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