/IRBIS, Natalya Khoroshevskaya, June 14, 04/ - Today, at Kazakhstan Stock Exchange (KASE) 141 deals were concluded at the repo floors (including automatic repo sector) for a total amount of KZT29,431.4 m. Results of trades are given in the table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.

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                              Repo rate, % APR
                   ---------------------------
Type of   Calendar            weighted average   Volume
Repo        terms,       KZT -----------------      KZT   Number
Deal          days  min  max nominal Effective        m of deals
--------- -------- ---- ---- ------- --------- -------- --------
Open             1 0.99 5.00    2.03      2.05 14,499.6       69
Open*            3 2.50 2.80    2.60      2.63    150.0        2
Open*            7 4.00 4.00    4.00      4.08    440.0        3
Open            30 7.80 7.80    7.80      8.08     80.0        1
--------- -------- ---- ---- ------- --------- -------- --------
Subtotal:                                      15,169.6       75
--------- -------- ---- ---- ------- --------- -------- --------
Close            3 0.50 2.30    1.09      1.10 12,897.6       49
Close            4 1.50 2.00    1.70      1.71    250.0        4
Close            5 4.00 4.00    4.00      4.08      1.7        1
Close            7 3.30 3.50    3.43      3.49    235.2        4
Close           14 3.00 8.00    4.64      4.77    595.1        4
Close           28 3.70 3.70    3.70      3.76    150.4        1
Close           32 7.80 7.80    7.80      8.08     87.6        1
Close          224 5.00 5.02    5.01      5.01     44.2        2
--------- -------- ---- ---- ------- --------- -------- --------
Subtotal:                                      14,261.8       66
--------- -------- ---- ---- ------- --------- -------- --------
Total:                                         29,431.4      141
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By open trades method (in automatic repo sector) volume of 123 deals totaled KZT16,349.8 m., including 67 (KZT8,203.3 m) repo opening deals and 56 (KZT8,146.8 m). Indicator TONIA according to trades' results totaled 2.92% APR and increased by 1.75 relative to previous day.

Positions of major categories of participants in the market of repo were as follows (based on net positions of opening transactions; in volumes "+" - borrowing, "-" - lending; trends in percents relative to previous trading day).

Pension system entities: +233.3% (-KZT2,636.0 m), 8 participants.

Second tier banks (STB):

• +KZT7,905.0 m. (borrowing, 10 banks), -KZT10,968.6 m. (lending, 7 banks);
• in direct deals sector involving GS -KZT6,686.6 m, at open trade market on GS (auto repo sector) +KZT3,623.0 m;
• resulting balance was -KZT3,063.6 m. (on previous day it was equal to -KZT4,044.5 m).

National Bank lowered its presence at repo market unchanged, solely borrowing today as usual. Its counterparts on deals included pension market players, banks and banks' clients. Overnight repurchase agreement was used as liquidity regulation tool.

[2004-06-14]