KASE TO CALCULATE AND PUBLISH NEW MONEY MARKET INDICATORS, TONIA COMPOUNDED INDEX AND TONIA COMPOUNDED RATE, FROM SEPTEMBER 15

15.09.21 12:40
/KASE, September 9, 2021/ โ€“ Kazakhstan Stock Exchange (KASE or the Exchange) will begin regular publication of indicators based on the TONIA money market indicator, namely TONIA Compounded Index (TCI) and TONIA Compounded Rate (TCR), on its website from September 15, 2021. TONIA Compounded Index is TONIA composite index calculated every calendar day. TONIA Compounded Rate is also calculated every calendar day for moving periods of one, three and six months. These indicators were developed within the framework of the working group on money market indicators with the participation of the European Bank for Reconstruction and Development and second-tier banks of the Republic of Kazakhstan by analogy with the calculation of benchmark interest rates for average values โ€‹โ€‹of the SOFR index (administrator being the US Federal Reserve Bank) and ICE SONIA (administrator being Bank of England). The new indicators TONIA Compounded Index and TONIA Compounded Rate serve as a benchmark when pricing financial products and give financial market participants the opportunity to diversify product lines. TONIA Compounded Index and TONIA Compounded Rate will be published on KASE website in the "Money Market Indicators" section - https://kase.kz/en/money_market/ As we have announced, amendments to KASE internal document "Methodology for calculating money market indicators" (Methodology), which regulates calculation of TONIA Compounded Index and TONIA Compounded Rate, will come into effect from September 15, 2021. The updated Methodology will be published on KASE website in "KASE Rules" section โ€“ https://kase.kz/en/kase_rules/ [2021-09-15]