At KASE a market-maker of bonds of OJSC "Komirbank" - LLP "Tasbaka Asset management" (Kazakhstan) was approved

/IRBIS, March 16, 00/ - By the decision of the Board of Kazakhstan stock exchange (KASE) #021/0, dated March 16, 2000, new member of the Exchange - LLP "Tasbaka Asset management" (Almaty) was assigned a status of a market-maker of coupon bonds of OJSC "Komirbank" (Ekibastuz) of the first issue (KASE official list of securities, category "A", trade code KOMBb, NIN KZ2CCAEQCA00). The letter from this LLP of March 10, 2000 became the grounds for this decision. New market-maker will start to perform its functions on KASE floor from March 17. The activities of the market-makers at KASE are regulated by internal norms of the Exchange "Regulations of the market-makers' activities" approved by the regulatory structures of KASE on October 14, 1999 and by the resolution #462 dated October 26, 1999 of Directorate of the National securities commission of Kazakhstan (NSC). At KASE a market-maker has several obligations to maintain in all possible ways the liquidity of the instrument an authorized member of the Exchange is a market-maker of. Apart from it, a market-maker has certain rights and privileges on a commission collected by KASE from the participants of the trades. By the resolution of KASE, mentioned above, the minimum volume of mandatory quotations for LLP "Tasbaka asset management" has been set - 250 KOMBb bonds. It is the size of block of shares that should be available for making a deal at any time during the trading day of KASE. Taking into account previously assigned statuses, from March 17 six market- makers will be working at KASE: - OJSC "Bank TuranAlem" (market-maker of the U.S. dollars), - OJSC "KAZKOMMERTSBANK" (specialist of its own KKGBb bonds), - CJSC "Gosudarstvennyi nakopitelnyi pensionnyi fond" (market-maker of AVMEKAM), - LLP "TuranAlem Securities" (BTAS common inscribed shares), - LLP "KIB ASSET MANAGEMENT Ltd." (CCBN common inscribed shares). - LLP "Tasbaka Asset management" (market-maker of OJSC "Komirbank" bonds). Specialist of PIS at KASE is a variation of a market-maker, but he has more tougher requirements to maintain the spreads of mandatory quotations. Currently, LLP "Tasbaka Asset management" is a member of KASE in four categories - "K", "P", "H", and "C" and it is permitted to participate in trades in state and private issue securities, state owned block of shares, and futures contracts that are traded at KASE.