KASE's Board of Directors approves amendments to the Rules for Conducting Banking Transactions
/KASE, October 7, 2019/ – By the decision of the Board of Directors of Kazakhstan
Stock Exchange (KASE) of October 4, 2019, amendments and additions No. 2
(amendments) to the KASE internal document "Rules for Conducting Banking
Transactions" (Rules) were approved. The date when the amendments come into
effect would be reported additionally.
These amendments were made in order to arrange monetary settlements on the
transactions with the central counterparty at the KASE stock market due to the
planned establishment of the central counterparty and the introduction of the
ASTS+ trading and clearing system.
The Exchange will start making monetary settlements on the transactions with
securities related to the execution of monetary claims and obligations as of the
date of the introduction of the central counterparty at the stock market.
The Exchange will be directly involved in the settlements in tenge and foreign
currencies on transactions at this market. It will also make transfer operations
from KASE’s correspondent account in Central Securities Depository JSC to the
accounts of clearing members in second-tier banks and Central Depository JSC.
The updated text of the Regulations will be published on KASE website soon.