Operating mode of the Russian securities market infrastructure on the week of March 30 – April 3, 2020

AO UniCredit Bank
Fri, 27/03/2020

Please be advised that in order to curb the threat of potential COVID-19 spread in Russia the days from March 30 to April 3, 2020 were declared national holidays in Russia under the Presidential decree # 206 dated March 25, 2020. With the exception of essential public services, these will be non-working days.

Following this announcement, Moscow Exchange confirmed that between March 30 to April 3, 2020 its business activities will be limited to the main trading, clearing, and settlement services. Time schedules of the main sessions of the Equity & Bond, Money, Commodities and Standartised OTC Derivatives Markets as well as the main and evening sessions of the Derivatives, FX and Precious Metals Markets will not be changed. Settlement will be done on a daily basis.

National Settlement Depository (NSD) announced that from March 30 to April 3, 2020 it will carry out its functions and operations to support the continuity of the financial markets’ functioning on the best efforts basis. Delivery of physical documents to the NSD is currently restrained and can be done only subject to the preliminary arrangements.

From March 30 to April 3, 2020 AO UniCredit Bank will support the key operational functions within the custody business. Other requests will be dealt with on the best efforts basis.

 The health and well-being of employees and customers is  UniCredit Bank’s top priority. UniCredit Bank has taken decisive action to guarantee nation-wide service coverage for its clients while protecting the health of both clients and staff. The Bank is working actively to ensure that all essential banking services are available through remote channels and has taken the necessary measures to ensure business and operations continuity for customers. UniCredit Bank will continue to actively monitor the situation, always act in everyone's best interests and do the right thing vis à vis all our stakeholders!

Impact on investors: Investors’ activity in the Russian securities market shall be adjusted according to the limitations which will be imposed by the securities market infrastructure.