Moscow Exchange (MOEX) will expand lineup of international stocks. Today, the Exchange announces that, effective September 1, 2021, it will admit 77 foreign stocks to trading, including shares Alcoa Corp., Fox Corporation, The Hershey Company, etc.
As a result, the number of shares and depositary receipts of foreign issuers available for trading on Moscow Exchange will reach 281. MOEX plans to make more international securities available for trading in future based on demand from banks, brokers, asset managers and their clients.
Moscow Exchange launched trading in international equities about a year ago. The securities are traded in the main and after-hours trading sessions. Trades are settled in RUB using MOEX’s robust infrastructure, which includes a qualified central counterparty and record-keeping with the central securities depository (NSD). Dividends will be set in the currency of the issuer, i.e., in USD for American securities.
Individual investors can submit Form W-8 to establish eligibility for reduction or exemption of tax on dividend income from U.S. securities.