Commission on repo operations with PS to be lowered from December 1, 1999 at KASE

/IRBIS, Nov.30, 99/ - By the resolution #140/0 of the Board of Kazakhstan stock exchange (KASE), dated November 30, 1999, commission fee of the Exchange on repo operations in private securities (PS) will be collected from the seller and the buyer at 0.005% of concluded opening and closing repo deals beginning December 1, 1999. This innovation was introduced as an experiment until a special resolution of general meeting of the Exchange members. Until December 1 commission for any deals made in private securities (irrespective of the trade sector) is 0.05% of the deal amount from both sides, but not less than the commission paid by the Exchange to CJSC "Central depository of securities" for offering clearing services on this particular deal.