Revised Methodology for determining the size of clearing funds comes into effect on November 4

04.11.22 17:49
/KASE, November 4, 2022/ – By a decision of the Management Board of Kazakhstan Stock Exchange (KASE, or the Exchange) dated November 3, 2022, KASE’s internal document "Methodology for determining the size of clearing funds" (Methodology) in a new edition was approved, with effect from November 4, 2022. The new version of the Methodology was developed in order to update the text of the document and provides for the following significant differences: - the procedure for selecting risk factor scenarios, on the basis of which the adequacy of clearing funds is assessed, was determined; - coefficients for evaluating the sufficiency of clearing funds were introduced both for the total volume of clearing funds and separately for guarantee and reserve funds; - the ratio of guarantee and reserve funds in the total volume of clearing funds was introduced; - the procedure for determining additional contributions of clearing participants to guarantee funds depending on the level of credit risks of clearing participants was introduced; - the procedure for determining the Exchange's additional contributions to reserve funds and limiting the volume of retained earnings of the Exchange was introduced. From November 4, 2022, the Methodology in the current edition was recognized as invalid. Methodology in the new version will be published on KASE website at https://kase.kz/en/kase_rules/ ("Clearing" tab). [2022-11-04]