KASE's Board of Directors approves new internal document "Rules for Making Monetary Settlements on Stock Market Transactions with Central Counterparty"

/KASE, September 17, 2019/ – By the decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) of September 16, 2019, a new internal document of KASE "Rules for Making Monetary Settlements on Stock Market Transactions with Central Counterparty" (Rules) was approved. The Rules will come into effect when KASE starts acting as a central counterparty on the stock exchange, which would be communicated additionally. The Rules determine the terms and the procedure for making monetary settlements on the stock market transactions with securities with the involvement of the central counterparty. The Rules determines the following: - types of transactions relating to monetary transactions on stock exchange transactions with the involvement of the central counterparty; - documents that serve as a basis for such settlements; - settlement rules and the list of accounts used to make settlements; - the situations deemed as violation of obligations by clearing members and the KASE when settlements are made and measures taken to address such situations; - other requirements and practices under the scope of regulation of these Rules. The Rules will be released on KASE website. [2019-09-17]