Sber has provided corporate clients with the opportunity to open a brokerage account online in the SberBusiness online bank. This greatly simplifies the receipt of brokerage services for legal entities, including the most popular corporate liquidity management operations in this segment.
Almost half of the corporate clients of Sber's brokerage platform, and their number is already in the thousands, are active users, which confirms the significant interest of legal entities in the securities market.
One of the flagship products of the brokerage platform is REPO transactions. It allows companies to quickly attract and place funds for periods from one day to three months.
Alexander Zozulya, Director of the Global Markets Department of Sberbank:
"We are closely monitoring changes in the markets, striving to ensure that our products and services always meet the most current needs of our clients. By providing companies with the opportunity to open a brokerage account online, we have made our brokerage products, and in particular, REPO transactions, more accessible and convenient for business. In our opinion, a brokerage account can become the most familiar everyday tool for Russian business to manage corporate liquidity."
A brokerage account with Sber provides access to a wide range of market instruments, including stocks, bonds and foreign exchange transactions. Opening a brokerage account online in the SberBusiness online bank is available for legal entities with a simple organizational structure (one sole executive body, one beneficiary). After opening a brokerage account as part of the implementation, including Decrees of the President of Russia dated 02/28/2022 No. 79, dated 03/01/2022 No. 81 (and others issued in addition to them), the client - a legal entity, in order to be able to carry out transactions on a brokerage account, must provide the bank with an assurance about the ownership structure and documents confirming that such a client is not controlled by persons associated with states that commit unfriendly actions against the Russian Federation. The form of such assurance can be obtained from the client manager. More detailed information can be obtained from the client manager or by leaving a request on the Sberbank website.
