Repo at KASE - KZT14,758.9m

/IRBIS, Feb 21, 02/ - On February 21, at Kazakhstan Stock Exchange (KASE) 84 deals were made in the repo sector (including automatic repo sector) amounting to KZT14,758.9m. Results of trades are given in the following table. Repo transactions, which are made only through counter- trade method (at automatic repo floor), are marked with asterisk. -------------------------------------------------------------------------- Repo rate, % APR --------------------------- Type of Calendar Currency weighted average Volume repo terms, of repo ----------------- of deals, Number deals days deals min max nominal effective KZT m of deals --------- -------- -------- ---- ---- ------- --------- --------- -------- Open 1 KZT 5.71 7.50 7.31 7.59 3,835.0 23 Open* 4 KZT 6.00 7.00 6.08 6.27 365.0 8 Open 5 KZT 6.00 6.00 6.00 6.18 150.0 1 Open* 7 KZT 7.00 7.50 7.41 7.68 2,275.0 13 Open 28 KZT 7.00 7.00 7.00 7.23 1,902.2 1 --------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 8,527.2 46 --------- -------- -------- ---- ---- ------- --------- --------- -------- Close 1 KZT 5.00 9.00 6.53 6.75 2,670.5 25 Close 2 KZT 4.99 5.10 5.06 5.19 300.1 3 Close 3 KZT 4.70 5.10 5.06 5.19 818.3 5 Close* 7 KZT 5.50 6.00 5.61 5.77 540.6 4 Close 28 KZT 7.00 7.00 7.00 7.23 1,902.2 1 --------- -------- -------- ---- ---- ------- --------- --------- -------- Subtotal: 6,231.7 38 --------- -------- -------- ---- ---- ------- --------- --------- -------- TOTAL: 14,758.9 84 -------------------------------------------------------------------------- By counter trade method (in automatic repo sector) a volume of 67 deals has amounted to KZT9,386.3m, including 38 (KZT5,955.0m) repo opening deals and 29 (KZT3,431.3m) repo closing deals. Indicator TONIA according to trades' results has been fixed at the level of 7.35% APR and rose by 0.76 relative to previous trade day. Following is a comparison of weighted average rates of open repo with counter trade method and method of direct quotations (for equal borrowing terms). ------------------------------------------------------ Current trade day Previous trade day Calendar ---------------------- ---------------------- term, auto direct differ- auto direct differ- days repo quotation ence repo quotation ence -------- ---- --------- ------- ---- --------- ------- 1 7.35 7.08 -0.27 6.59 6.39 -0.20 ------------------------------------------------------ Today the money was borrowed by five BST based on net positions (six on Wednesday), two were offering (on Wednesday - one). Resulting balance of the banks at the floor was in favor of borrowing and totaled KZT4,417.8m against KZT3,955.0m on previous working day. Banks raised to their accounts KZT6,540.0m and lent KZT2,122.2m. Rates continue growing on all terms of borrowing. The National Bank as yesterday actively helped BST to restore short-term liquidity working with large banks only. Relative to Wednesday its position has risen. Volume of pension money supply is still low. Described situation shows that tenge deficit on banks accounts is felt more sharply than yesterday. However, short-term liquidity of different BST alters since today several banks were actively floating their money.