/KASE, September 12, 2018/ – Kazakhstan Stock Exchange (KASE) announces that as
of September 17, 2018 KASE launches trading in listed Eurobonds with settlements
in US dollars.
The purpose of opening Eurobonds trading with settlements in US dollars on
KASE is to provide individuals and legal entities with access to trading and
settlements in debt securities, denominated in foreign currency, without
performing additional currency conversion procedures.
Trading in Eurobonds with settlements in US dollars will be carried out in a
separate version of the trading system using the Т+2 settlement scheme (on the
second day after the deal conclusion) and clearing based on the trading day
results. This scheme allows concluding deals with partial securing. At that, the
delivery of the asset for settlements must be performed by the trading
participant by 17:00 o'clock (Almaty time) of the settlement day.
Currently, listed debt securities denominated in foreign currencies are traded
on KASE according to scheme Т+0 with settlements in the Kazakh tenge and the
necessity of full preliminary depositing of the assets before the moment of
submitting the application and conclusion of a deal. Trading in Eurobonds with
settlement scheme Т+0 in the Kazakh tenge will be continued on KASE as usual.
As of August 3, 2018 respective amendments to KASE internal documents were
made effective:
- Method of Calculation of Bond Yield and Bond Transaction Sum –
http://kase.kz/files/normative_base/bond_yield_eng.pdf
- Instruction on Procedure of Coding of Members of Kazakhstan Stock Exchange,
Financial Instruments and Securities Issuers –
http://kase.kz/files/normative_base/code_fins_eng.pdf
As of September 17, 2018 the revised KASE internal document "Procedure of
execution of deals on the stock market according to scheme T+2" will be put into
effect –
http://kase.kz/files/normative_base/por_t2_new.pdf
The press release devoted to KASE website is available on KASE website:
-
http://kase.kz/files/press/kz/12_09_2018_evrobondy_kaz.pdf – in Kazakh;
-
http://kase.kz/files/press/ru/12_09_2018_evrobondy_rus.pdf – in Russian;
-
http://kase.kz/files/press/en/12_09_2018_evrobondy_eng.pdf – in English.
[2018-09-12]