List of primary dealers of the Ministry of Finance of Kazakhstan for state securities market changed
13.12.99 00:00
/IRBIS, Dec.13, 99/ - CJSC "Central depository of securities" informs the list
of primary dealers of the Ministry of finance of Kazakhstan for state
securities market changed.
State enterprise for postal services was entered into the list, license of OJSC
"Bank Kaspiiskii" was restored. License of OJSC "Neftekhimbank" was
revoked.
The list of primary dealers of the Ministry of finance includes 14 companies:
OJSC "Kazkommertsbank", OJSC "Halyk Bank of Kazakhstan", CJSC "ABN
AMRO Bank of Kazakhstan", OJSC "Temirbank", OJSC "Bank
CenterCredit", CJSC "KZI-Bank", OJSC "TexaKaBank", JSC ATFB, OJSC
"Bank TuranAlem", CJSC "Citibank Kazakhstan", Republican state enterprise
of postal services, OJSC "Bank Kaspiiskii", CJSC "Evraziiskii", AB "Alfa-
bank". Primary dealer license of AB "Alfa-bank" has been suspended until
December 18 of this year.
Headquarters of these companies are in financial capital of Kazakhstan
Almaty.
By Kazakhstani norms, securities of the Ministry of finance can be
purchased by investors at auctions only through Primary dealers who
maintain their own accounts of their clients.
It should be noted investors also have to work in country's secondary market
through Primary dealers, including deals on KASE. A legal entity, who is a
member of KASE in category "K" (right to participate trades in SS), can not
make a deal at the Exchange bypassing a Primary dealer.