Subsidiary Bank "Bank of China in Kazakhstan" and KASE sign Liquidity Provider Agreement on Chinese yuan

14.02.20, 12:07
/KASE, February 14, 2020/ – On February 4, 2020, Kazakhstan Stock Exchange (KASE) and Subsidiary Bank "Bank of China in Kazakhstan" signed Liquidity Provider Agreement on Chinese yuan. Earlier, KASE has signed agreements to provide liquidity services in foreign currencies traded on the stock market: – on Chinese yuan with Industrial and Commercial Bank of China in Almaty (ICBC); – on the Russian ruble with the Eurasian Development Bank (EABR); – on the euro with Kaspi Bank. Under the agreements, the providers will provide KASE with liquidity in Chinese yuan, Russian rubles and euro for timely execution of KASE’s obligations as a central counterparty on the FX market. Press release dated July 29, 2019 "KASE as a central counterparty has brought liquidity providers in the foreign exchange market" is available on KASE website at – https://kase.kz/files/press/en/29_07_2019_agreements_eng.pdf [2020-02-14]