Dear all,
These are busy times and I don’t have the time to write in here on every little comment – if I did, we wouldn’t have a business.
However, I must step in now. First of all, let’s not go into speculation and rely on various outside parties.
What happened yesterday was very simple: We had earlier this year initiated a hand-over of tasks, including the Designated Sponsoring, from Renell Bank to Concord Capital. In this process, the DS function was overseen. By default, Renell’s mandate expired yesterday and our backoffice, my responsibility, hadn’t been notified. I found out when the Xetra message came out.
Within 2 hours from that, the issue had been addressed and we are coming back on Xetra in 1-2 days.
Let’s get back to work and have a great day!
/T