/IRBIS, November 14, 02/ - On November 14, at Kazakhstan Stock Exchange (KASE) 95 deals were made at the repo floors (including automatic repo sector) amounting to KZT18,447.7m. Results of trades are given in a table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.

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                                Repo rate, % APR
                   -----------------------------
Type of   Calendar              weighted average   Volume
repo        terms,             -----------------      KZT   Number
deal          days   min   max nominal effective        m of deals
--------- -------- ----- ----- ------- --------- -------- --------
Open*            1  2.50  6.01    3.73      3.81  9,303.4       42
Open*            4  4.00  4.75    4.06      4.15     81.0        3
Open            14  5.00  5.00    5.00      5.12    110.0        2
Open            21 10.00 10.00   10.00     10.48    155.0        1
Open            32 11.95 12.00   11.98     12.65     53.0        3
--------- -------- ----- ----- ------- --------- -------- --------
Subtotal:                                         9,702.4       51
--------- -------- ----- ----- ------- --------- -------- --------
Close            1  2.50  5.00    3.61      3.69  7,624.1       29
Close            2  4.50  4.50    4.50      4.60    170.0        3
Close            3  4.90  4.90    4.90      5.02     10.0        1
Close            7  4.50  5.00    4.95      5.07    520.5        4
Close           14  5.06  5.25    5.19      5.32    300.2        2
Close           17  4.05  4.05    4.05      4.13     35.1        1
Close           28  5.90  5.90    5.90      6.06     54.2        3
Close           66 10.00 10.00   10.00     10.41     28.1        1
--------- -------- ----- ----- ------- --------- -------- --------
Subtotal:                                         8,742.3       44
--------- -------- ----- ----- ------- --------- -------- --------
TOTAL:                                           18,444.7       95
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By open trades method (in automatic repo sector) a volume of 70 deals has amounted to KZT10,312.7m, including 37 (KZT5,531.0m) repo opening deals and 33 (KZT4,781.7m) repo closing deals. Indicator TONIA according to trades' results equaled to 4.45% APR and fell by 0.12 relative to the previous trading day.

Dynamics of repo rates (on opening transactions for comparable terms) is characterized with following parameters:

----------------------------------------------
  Calendar      Today's  Previous day's
term. days  rate, % APR     rate, % APR  Trend
----------  -----------  --------------  -----
         1         3.73            3.64  +0.09
        14         5.00            5.10  -0.10
----------------------------------------------

Positions of major categories of participants in the market of repo on GS 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: +2.6% (KZT1,419.0m), 10 participants.

Second tier banks (STB):

• +KZT1,007.6m (borrowing, 4 banks), -KZT4,164.7m (lending, 4 banks);
• in direct deals sector -KZT3,163.1m, in open trade market (auto repo sector) +KZT76.0m;
• resulting balance was -KZT3,087.1m (on previous day it was equal to - KZT2,365.5m).

National Bank today worked on money borrowing having increased its participation at repo market by 76.2%. Today counteragents of the National Bank were pension market subjects, second tier banks and their clients. Liquidity regulation instrument was repo "overnight" and 2-day repo.

[2002-11-14]