SPB Exchange to add Apple, Enphase and SolarEdge-linked instruments

SPB Exchange will add instruments linked to three US companies from November 17: Apple, Enphase Energy and SolarEdge.

The products, called neo-assets, let investors gain or lose money as the value of a foreign share changes, without buying that share directly.

Each instrument corresponds to one company share, with its value calculated in US dollars and settlements made in rubles.

Investors can use rubles or securities as collateral, and the exchange says there is no trading commission, though a fee applies for carrying a position into the next day.

Long positions receive 70% of announced dividends, while holders of short positions are charged the full dividend; the remaining 30% is retained for US tax obligations.

These products expand the exchange’s offerings in consumer electronics, digital services and solar energy.

Trading in the new instruments begins November 17; the exchange also says neo-assets on global securities and cryptocurrency indexes trade daily, with hours varying on weekdays and weekends or holidays.