/KASE, September 25, 2023/ – Kazakhstan Stock Exchange (KASE, or the
Exchange) has delegated its clearing and settlement functions, as well as the
central counterparty functions, to a 100 % subsidiary of the Exchange – KASE
Clearing Center JSC (KACC).
The split of functions of the exchange market infrastructure was carried out in
order to create the best conditions for issuers and investors, including private
and institutional investors, when they carry out transactions on the organized
market, to introduce the best global practices and achieve applicable
international standards, as well as to delimit risks of the exchange market
KACC's clearing participants include 42 financial organizations – members of
KASE in the "stock" category. More than 1,500 financial instruments were
accepted for clearing services, including 989 issues of securities of 253
issuers included in KASE official list.
A joint press release of KASE and KACC dedicated to this event will be
published at https://kase.kz/en/press_releases/