Latest news with #financialinstruments
Crypto Insight
3 days ago
- Business
- Crypto Insight
Russia allows banks to offer crypto products to accredited investors
The Bank of Russia has permitted financial institutions to offer certain cryptocurrency-based financial instruments to accredited investors. Russian banks are now free to provide qualified investors with a range of crypto products, including crypto derivatives, securities and other digital financial assets tied to crypto prices, the central bank announced on May 28. A key stipulation, however, is that these products must not involve the 'actual delivery of cryptocurrencies,' the Bank of Russia emphasized. The announcement came alongside the Bank of Russia reporting a 51% increase in crypto asset inflows by Russian residents in the first quarter of 2025, totaling 7.3 trillion rubles ($81.5 billion). T-Bank among the first to offer Bitcoin investment products Some major Russian banks started rolling out cryptocurrency investment products immediately following the Bank of Russia's announcement. T-Bank (formerly Tinkoff Bank), one of the largest commercial banks in Russia, announced on May 29 the offering of digital financial assets (DFA) tied to Bitcoin . 'The tool allows you to invest in cryptocurrency in rubles through a familiar application — safely and within the legal framework of the Russian Federation, without opening an account on a crypto exchange and difficulties with protecting your wallet,' the bank said. T-Bank's new 'smart asset' offering is issued through the Russian state-backed tokenization platform Atomyze and is available exclusively to accredited investors. Direct crypto investments still not encouraged While greenlighting local lenders to offer crypto products, the Russian central bank still maintains a restrictive approach regarding direct cryptocurrency investment. 'The Bank of Russia still does not recommend financial institutions and their clients to invest directly in cryptocurrencies,' the Bank of Russia said in a statement. The central bank also noted the ongoing government discussions on the potential launch of an experimental regime that would allow certain investors to trade crypto assets like Bitcoin directly. Russia's estimated CEX holdings are at $9.2 billion In its latest financial stability review, the Bank of Russia estimated Russians' crypto holdings on centralized exchanges (CEXs) at 827 billion rubles ($9.2 billion). According to the authority, Bitcoin is leading Russians' CEX holdings with a 62% share, with Ether following at 22%. Stablecoins like Tether USDt and Circle's USDC ranked third with a share of 15.9%. Some local crypto enthusiasts observed that the actual figure of cryptocurrency held by Russians is significantly bigger than the estimated CEX holdings reported by the Bank of Russia. 'I know that [Pavel] Durov and [Alexey] Bilyuchenko alone have more money in their wallets than this amount,' Sergey Mendeleev, founder of the digital settlement exchange Exved, wrote on his Telegram channel. He hinted that Russians hold much bigger crypto amounts in wallets and decentralized exchanges. Source:
Bloomberg
7 days ago
- Business
- Bloomberg
Hong Kong Bourse Plans to Start Zero-Day Options Trading in 2026
Hong Kong's stock exchange is seeking to launch options that expire within a day as early as the first half of 2026, bringing to the Asian hub an instrument that has driven a boom in US derivatives in recent years. Hong Kong Exchanges & Clearing Ltd. is planning to start offering so-called 'zero-days to expiry' contracts on the Hang Seng Index, according to people familiar with the matter who asked not to be named because the matter is private. The bourse has been consulting with market participants and the feedback has been positive, they added.
Yahoo
22-05-2025
- Business
- Yahoo
TCM Group A/S: Major shareholder announcement
COMPANY ANNOUNCEMENT No. 208/2025 Tvis, 22 May 2025 Major shareholder announcement With reference to section 30 of the Danish Capital Markets Act, TCM Group A/S (the "Company") hereby announces that BofA Securities Europe SA has notified that, as of 19 May 2025, it has changed its holding of shares/voting rights and of other financial instruments acc. to section 39(2) of the Danish Capital Markets in TCM Group A/S as follows: Share capital and voting rights Holding in TCM Group A/S previously Holding in TCM Group A/S as of 19 May 2025 Share capital and voting rights attached to shares in % 0.840% 0.200% Share capital and voting rights through financial instruments in % 10.899% 8.479% BofA Securities Europe SA total share capital and voting rights in % 11.739% 8.679% As of 19 May 2025, BofA Securities Europe SA directly or indirectly controls 912,599 shares/voting rights and other financial instruments in TCM Group A/S, corresponding to 8.679% of the entire share capital and voting rights in TCM Group A/S. For further information please contact:Torben Paulin, CEO, TCM Group A/S, +45 21 21 04 64Thomas Hjannung, CFO, TCM Group A/S, +45 25 17 42 33IR Contact – ir@ About TCM Group TCM Group is Scandinavia's third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are designed and produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkken, Nettoline and AUBO. Combined, the brands cater for the entire price spectrum, and are sold through c. 220 dealers in Denmark and the rest of the Scandinavia. TCM Group sells private label kitchens through DIY stores in Denmark and independent kitchen stores in Norway. TCM Group is supplier to the 45% owned e-commerce kitchen business Celebert, which operates under the brands Celebert and Just Wood. See for more information. Attachment 208. Major shareholder announcementError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Holding(s) in Company
TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BNR4T868 Issuer Name RENEWI PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of financial instruments 3. Details of person subject to the notification obligation Name Bank of America Corporation City of registered office (if applicable) Country of registered office (if applicable) US 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 14-May-2025 6. Date on which Issuer notified 15-May-2025 7. Total positions of person(s) subject to the notification obligation . % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer Resulting situation on the date on which threshold was crossed or reached 0.957941 9.865830 10.823771 8719572 Position of previous notification (if applicable) 0.141476 10.697600 10.839076 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1) GB00BNR4T868 771712 0.957941 Sub Total 8.A 771712 0.957941% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights Right to Recall n/a n/a 5910 0.007336 Physical Swaps 19/02/2025 n/a 823142 1.021782 Physical Swaps 16/05/2025 n/a 700000 0.868923 Sub Total 8.B1 1529052 1.898041% 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights Swaps 17/09/2025 n/a Cash 654646 0.812625 Swaps 06/01/2026 n/a Cash 1742726 2.163279 Swaps 23/02/2026 n/a Cash 1750915 2.173444 Swaps 18/03/2026 n/a Cash 4514 0.005603 Swaps 28/04/2026 n/a Cash 266928 0.331343 Swaps 31/07/2026 n/a Cash 210757 0.261617 Swaps 02/04/2026 n/a Cash 1223478 1.518726 Swaps 22/04/2026 n/a Cash 564844 0.701152 Sub Total 8.B2 6418808 7.967789% 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold Bank of America Corporation Bank of America, National Association 5.310649 5.310649% Bank of America Corporation Merrill Lynch International 4.555180 5.513121% 10. In case of proxy voting Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information 12. Date of Completion 15-May-2025 13. Place Of Completion United KingdomError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
10-05-2025
- Business
- Entrepreneur
Manappuram Finance Q4 Profit Slips 3% Amid Rising Costs, Consolidated Loss at INR 203 Crore
Despite a weak final quarter, Manappuram Finance reported an 8 per cent growth in standalone net profit for the full year, closing FY25 at INR 1,783.25 crore You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Manappuram Finance Ltd reported a 3 per cent year-on-year decline in its standalone net profit to INR 414.3 crore for the fourth quarter of FY25, weighed down by a sharp increase in finance costs and provisioning for impaired financial instruments. The company disclosed the results in a regulatory filing on Friday. Interest income for the Kerala-based non-banking financial company rose 15 per cent year-on-year to INR 1,735.92 crore during the January–March 2025 quarter. However, total expenses surged 25 per cent to INR 1,191.51 crore, driven largely by a steep 25 per cent rise in finance costs, which climbed to INR 609.54 crore from INR 488.68 crore in the same quarter last year. Despite a weak final quarter, Manappuram Finance reported an 8 per cent growth in standalone net profit for the full year, closing FY25 at INR 1,783.25 crore. But the picture was notably different on a consolidated basis. The company posted a net loss of INR 203.18 crore for Q4FY25, a sharp reversal from a profit of INR 563.51 crore in Q4FY24. This was attributed primarily to a significant spike in loan loss provisions, particularly within its microfinance subsidiary, Asirvad Micro Finance. Impairment provisions on financial instruments soared nearly fivefold year-on-year to INR 919.21 crore during the quarter. The company's board, in a key leadership reshuffle, approved the appointment of Deepak Reddy as chief executive officer and key managerial personnel effective August 1, 2025. Current MD & CEO, Nandakumar VP, will be redesignated as managing director from July 31. Reddy will report directly to the MD. Additionally, the board approved an equity investment of up to INR 500 crore in Asirvad Micro Finance, to be made in one or more tranches. In a strategic move earlier this year, Bain Capital announced its entry into a joint control arrangement with the promoters of Manappuram Finance. Through its affiliates BC Asia Investments XXV and XIV, Bain will invest INR 4,385 crore via preferential allotment of equity shares and warrants, acquiring an 18 per cent stake in the company on a fully diluted basis.
