/KASE, September 9, 2021/ – 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
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 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 -
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 – https://kase.kz/en/kase_rules/