KAZCOMMERC SECURITIES OJSC (Kazakhstan) received the specialist status of Caspian Bank OJSC (Kazakhstan) bonds at KASE

/IRBIS, Dec 13, 01/ - From December 14, 2001, by the decision of the Board of the Kazakhstan Stock Exchange (KASE) based on presented application KAZCOMMERC SECURITIES CJSC (Almaty) was granted a specialist status for first issue coupon bonds (KZ2CUY03A370, official list of KASE of category "A", CSBNb1, $15m, $100, July 13,01-July 13,04, semiannual coupon 9.5%) of Caspian Bank OJSC (Almaty). Minimum volume of mandatory quotations for the specialist - 50,000 US dollars at face value of bonds. Until now KAZCOMMERC SECURITIES CJSC have performed on CSBNb 1 obligations of the market-maker. According to internal normative act of KASE "Specification of market- maker status for members of the Exchange under categories "P" and "Н" (Specification), specialist of securities at KASE differs from the market- maker by more strict requirements, which are set by the exchange relative to volume of mandatory quotation and especially upon spreads of mandatory quotations. The latter should not exceed three percent from price of quotation on buying, if the Exchange council doesn't specify another spread. For market-makers there is a similar requirement - 100% of quotation price on purchase.