/KASE, January 28, 2019/ – Following a decision of Kazakhstan Stock Exchange
(KASE) Management Board dated January 25, 2019 a new KASE internal document
"Methodology of defining GG-spread indicative figures for valuation of swap
transactions' settlement prices" (Methodology) was approved, with effect as of
January 28, 2019.
The Methodology was developed in relation to the proposed launch on KASE of
trading in currency swap transactions with execution terms of one week to one
year.
The Methodology specifies the procedure of defining the GG-spread indicative
figures as values necessary for calculation and defining of risk-parameters of
the currency market's financial instruments cleared by KASE in accordance with
its internal documents.
In accordance with the Methodology, the GG-spread indicative figures are
calculated as the difference between values of the yield of government
securities and yield of US treasury notes with the same current maturity.
The Methodology is available on KASE website –
http://kase.kz/files/normative_base/met_gg-spread.pdf
[2019-01-28]