Tinkoff Investments has become the first  Russian broker to offer a fully online service for gifting stock. 

Tinkoff customers can send a stock gift to another customer or to a person who has  no account with Tinkoff Investments. Eligible financial instruments include those that  are available to non-qualified investors who have not yet passed the Bank of  Russia’s mandatory test for trading complex financial instruments, including: 

● stocks; 

● bonds; and/or 

● shares of exchange-traded funds.  

To make a stock gift, a Tinkoff Investments customer needs to tap on the ‘Gift Now’  button on the page of the relevant stock in the Tinkoff Investments mobile app,  specify the number of stocks, and either select the phone number of the recipient in his or her contact book or enter it manually. The recipient will receive a text message  or a notification in the Tinkoff Investments app about the gift. If the recipient is not a  Tinkoff customer, he or she will receive a gift notification and a link with an  application to open a brokerage account and a debit card with Tinkoff. 

Customers can send stock gifts at any time, including on non-trading days. If it is a  non-trading day, the transaction will use the closing price of the previous trading day.  The recipient may decline the gift, in which case the purchase amount will return to  the account of the sender. 

Dmitry Tarasov, Head of Investment Services Development and Promotion at Tinkoff Investments, commented: 

“Season’s greetings to everyone from the Tinkoff Investments team! Our customers can now surprise their family and friends with a unique and useful gift. Instead of  gifting an item that the recipient may never use, customers can gift stock of the item manufacturer or a share in any other company. In this way, they can make the  recipient a co-owner of the company, whether it is Russian children’s goods retailer  Detsky Mir, Apple or Harley Davidson. As time goes by, many items lose their  relevance and their value decreases – unlike securities, whose value may grow. Tinkoff Investments offers more than 10,000 variously priced instruments for any  investment purpose. The owner will decide whether to sell their stock or invest in its

As reasonable consumption and responsibility towards the future become  increasingly more important, formal gifts and ‘here-and-now’ experiences give way to  other kinds of values. Tinkoff Investments continues to transform the market by  creating new opportunities for its customers. This is another revolution that Tinkoff  has brought about – customers can now offer stock as a gift, with no additional  paperwork and no visit to the broker’s office.”