Reset toxic asset. Western Investbanka resumed trade in Russian debt - Reuters

Video of the day, including JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank, Barclays and Jefferies Financial Group. The reason for the US Ministry of Finance was that the exit from Russian assets is allowed. and instructions of European regulators on the admissibility of Side Pockets (funds of bad assets) from Russian papers. This gives investors another chance to get rid of assets that are considered toxic in the West.

"Some banks and brokers use this proposal to facilitate the sale of Russian positions to investors who want to go," the expert surveyed by the agency said. The Jefferies noted that the company works as part of global sanctions recommendations to help customers cope with this difficult situation. The interlocutor of the edition close to Deutsche Bank said that the bank is trading bonds for customers only at the request. According to the agency, European regulators also soften the rules as well.

In particular, it is about the admissibility of Side Pockets (funds of bad assets) from Russian papers. The price of some Russian bonds jumped on the background of trade activity that has resumed since the end of July. This can make bidding more attractive to investors, as well as help companies that have sold Russian default protection.

It is noted that some banks propose to trade Russian sovereign and corporate bonds, and some facilitate the trade in bonds nominated both in rubles and in US dollars. At the same time, they require clients with additional documents and, as before, do not want to go at risk. In particular, Bank of America has warned that it would act as a "risk -free principle in clients' promotion agreements. " This means that the dealer buys the bond and immediately resale.