Despite $KAP not trading in Russia, it (& many other London GDRs) were suddenly prohibited from trading in cash (swaps unwind only) Apparently this was an issue with the pipes/clearing structure (systems could not differentiate btwn different GDR settlement risks). Banks are in process of separating Russian listed GDRs from Non-Russian GDRs and trading should go back to normal when complete.
und gerade geschrieben:
Update from Goldman: "As of tonight we should have the 8 Russia IOB/GDR names blocked for tomorrow, that means normal GDRs should be able to be traded again tomorrow." |