From November 15 amendments to Specification of autorepo market and additions to Instruction on procedure of coding of members of Kazakhstan Stock Exchange and their accounts, financial instruments and securities issuers put into effect

15.11.19 11:41
/KASE, November 15, 2019/ – Following a decision of Kazakhstan Stock Exchange (KASE) Management Board the following items are put into effect as of November 15, 2019: 1) changes and additions No. 15 (amendments) to the Specification of autorepo market (Specification); 2) additions No. 7 (additions) to the Instruction procedure of coding of members of Kazakhstan Stock Exchange JSC and their accounts, financial instruments and securities issuers (Instruction), which were approved by a decision of KASE's Management Board dated November 14, 2019. Amendments to the Specification specify that repo transactions' subjects can be represented by foreign government securities listed in sector "government securities" of KASE official list, whose issuing country has a sovereign credit rating not lower than "В" on the international scale of rating agency Standard & Poor's or a rating of similar level on the international scale of other rating agencies. Repo transactions in said securities with the same maturity are one financial instrument, irrespective of the names of securities being the subject of those repo transactions (basket of foreign GS). Amendments also specify the amounts of discounts for market prices of the above-mentioned securities. Amendments to the Instruction specify the procedure of assigning codes to financial instruments (repo transactions) with foreign GS basket on the auto repo market. Updated texts of the Specification and Instruction will be released on KASE website soon. [2019-11-15]