KASE reported to its members of the readiness to year 2000

/IRBIS, Nov.16, 99/ - On Monday Kazakhstan stock exchange (KASE) sent a message to its members of the preparation of the Exchange for the next millenium. KASE informed that it had taken a number of measures to prepare its computer systems for year 2000. Particularly, a special commission has been created at KASE to solve "the year 2000 problem", and the following measures have been developed: - inventory stock taking of computer and technical equipment, and software has been conducted; - operation system equipment of the main and reserve trade servers has been renewed to work in the date system of a new millenium; - equipment and software have been tested for a compliance with "the year 2000 problem"; - all information system have been tested for "the year 2000 problem"; - comprehensive test of the trade system together with the communication system between the stock exchange, Central depository and Kazakhstan center for interbank clearing (KCIC) have been held; - reserve methods for conducting the trades have been tested in case electronic trade system of the Exchange fails; - a diesel electricity generator have been bought in case of power failure during passing into the next millenium; - a contingency plan has been developed regarding "the year 2000 problem", including: - using the reserve server in case the main server fails; - using the reserve methods for conducting trades in case the trade system fails to function; - in case of power supply of the Exchange fails uninterrupted power supply units will provide the trade system with electricity for 30-40 minutes, enough time to start autonomous diesel generator.