KACC has been assigned an operational rating of "A+" with a "positive" outlook by Thomas Murray

/KACC, January 20, 2025/ – KASE Clearing Centre JSC (KACC, Clearing Centre) says that the UK's specialist post-trade risk assessment consultancy agency, Thomas Murray, has assigned it an operational rating of "A+", with a "positive" rating outlook. The operational rating reflects the expert opinion on the central counterparty's ability to fulfill its obligations as part of the operational servicing of clients. The rating score is based on an analysis of six risk components: 1) counterparty risk – the ability of settlement participants to fulfill their obligations; 2) liquidity management risk – the effectiveness of ensuring the required level of funds for settlements; 3) asset safety risk – guarantees of protection and secure storage of clients' assets; 4) financial risk – the stability of the central counterparty's financial position; 5) operational risk – the ability to cope with technical and organizational failures; 6) the risk of openness and corporate governance – transparency of processes and the effectiveness of management mechanisms. Thus, KASE Clearing Centre JSC has joined an elite group of major central counterparties and received a rating just one point below the average rating. For comparison, similar ratings were assigned to the following international central counterparties: JSE Clear (South Africa)A+, Asigna (Mexico)A+, CCV (Mexico)A, SIX x-clear (Switzerland)A+, TASECH (Israel)A. More detailed information is provided in KACC's press release. Press release in Kazakh – https://kase.kz/files/press/kz/16_01_2025_rating_kaz.pdf Press release in Russian – https://kase.kz/files/press/ru/16_01_2025_rating_ru.pdf Press release in English – https://kase.kz/files/press/en/16_01_2025_rating_eng.pdf The Thomas Murray report in English is available – https://kase.kz/files/normative_base/CCP_risk_assess_2024.pdf [2025-01-20]