Addition to VTB Bank’s Terms and Conditions of Custody Business


Starting from 15 March 2018, an addition to paragraph 4.3 (“Custody accounts’ closing”) of VTB Bank’s Terms and Conditions of Custody Business comes into force. It allows the Custodian upon termination of Custody agreement to transfer Client’s securities to its direct account in the registrar or to an account of clients of nominal holder, opened for a depository performing mandatory centralized safekeeping of securities.