September 30 is the end of contracts' effectiveness concluded between finance ministry's primary dealers and finance ministry

/IRBIS, Aug 03, 01/ Information source of finance ministry provided IRBIS with information that Sept 30 is the expiry date for contracts which were concluded between legal entities and finance ministry to enable primary dealers service transactions with GS issued by finance ministry (MEKAM and NSO). Due to this present primary dealers have to review previous agreements and till Sept. 30 notify finance ministry about contracts prolongation or termination. Potential primary dealers (companies willing to be granted this status) also have to notify finance ministry about contract conclusion, till Sept 30. The institute of Finance ministry for Primary dealers exists in Kazakhstan since issue of Finance ministry first GS - state treasure bills in Apr of 1994. Since that time all GS transactions at primary and secondary markets have been holding by investors through primary dealers or under their indispensable notification (in case of GS deals making at KASE) According to finance ministry information now there are 12 primary dealers operating at Kazakhstani stock exchange: KAZKOMMERTSBANK OJSC, Halik Bank of Kazakhstan OJSC, ABN AMRO Bank Kazakhstan SB CJSC, Temirbank OJSC, Bank CentreCredit OJSC, TexaKaBank OJSC, MB OJSC, Bank TuranAlem OJSC, CITYBANK Kazakhstan CJSC, CASPIAN Bank OJSC, Euroasian Bank CJSC, HSBC Bank Kazakhstan SB CJSC. Also National Bank of Kazakhstan which is financial agent for Finance ministry to service GS transactions can operate as primary dealer.