Repo at KASE - KZT10,750.3m

/IRBIS, March 20, 02/ - On March 20, at Kazakhstan Stock Exchange (KASE) 62 deals were made at the repo floors (including automatic repo sector) amounting to KZT10,750.3m. Results of trades are given in a table. Repo opening transactions, which are made only through counter-trade method, are marked with asterisk. ------------------------------------------------------------------ Repo rate, % APR ----------------------------- Type of Calendar Weighted average Volume Repo terms, ----------------- KZT Number deal days Min Max nominal effective m of deals --------- -------- ----- ----- ------- --------- -------- -------- Open 1 4.00 4.52 4.49 4.60 3,602.9 19 Open 7 5.00 5.50 5.42 5.57 1,260.0 8 Open 30 11.02 11.02 11.02 11.60 9.9 1 --------- -------- ----- ----- ------- --------- -------- -------- Subtotal: 4,872.8 28 --------- -------- ----- ----- ------- --------- -------- -------- Close 1 2.99 5.50 4.27 4.37 5,688.2 30 Close 2 4.01 4.01 4.01 4.09 49.2 1 Close 7 5.00 5.00 5.00 5.12 140.1 3 --------- -------- ----- ----- ------- --------- -------- -------- Subtotal: 5,877.5 34 --------- -------- ----- ----- ------- --------- -------- -------- TOTAL: 10,750.3 62 ------------------------------------------------------------------ By counter trade method (in automatic repo sector) a volume of 52 deals has amounted to KZT10,100.8m, including 21 (KZT4,545.0m) repo opening deals and 31 (KZT5,555.8m) repo closing deals. Indicator TONIA according to trades' results has been fixed at the level of 4.50% APR and rose by 0.17 relative to previous trade day. Dynamics of repo rates (on transactions for comparable terms) is characterized with following parameters: ------------------------------------------- Calendar Today's Previous day's term, days Rate, % APR Rate, % APR Trend ---------- ----------- -------------- ----- 1 4.49 4.27 +0.22 7 5.42 4.70 +0.72 ------------------------------------------- Positions of major categories of participants in the market looked in the following way (based on net positions of opening transactions; in volumes "+" - borrowing, "-" - lending; trends in percents relative to previous trading day). Pension market subjects: -21.3% (KZT4,275.0m), 8 participants. The National Bank: -14.3%, only borrowing for "overnight", work with entities of the pension market and corporate clients of the banks. Second tier banks: - +KZT1,777.9m (borrowing, 4 banks), no lending; - in direct deals sector +KZT317.9m, in open counter trade sector (auto repo) +KZT1,460.0m; - resulting balance +KZT1,777.9m (-20.0%). Relative to previous working day the absence of short money supplies from the second tier banks draws the attention. It affected the growth of repo rates slightly. However, they are still close to the lower boundary of the rates "corridor" set by the National Bank. There is no threat of tenge deficit on the market.