/KACC, March 6, 2025/ – By a decision of the Board of Directors of KASE
Clearing Centre (KACC, Clearing Centre) dated March 6, 2025, changes and
additions No. 2 (amendments) to KACC's internal document "Rules for
settlements on transactions in the foreign exchange market" (the Rules) were
approved, which will come into effect on March 7, 2025.
The amendments provide for the following:
- definition of the trading environment (an integrated information system,
using which orders are submitted and transactions are concluded on
unorganized (over-the-counter) markets, directly between various
counterparties, as well as on markets where the organizer of trades is not
Kazakhstan Stock Exchange (KASE), with their subsequent transfer to the
trading and clearing system for the provision of clearing services);
- clarification of the concepts of "transactions", "net obligation", "net claim"
in connection with the implementation of settlements on transactions with
foreign currencies concluded in KASE's trading system, other exchanges, as
well as on over-the-counter market trading platforms;
- editorial amendments related to the Clearing Centre's settlement services
for transactions on the foreign exchange market, including on the over-the-
counter market.
The updated text of the Rules will be published on KACC's Internet resource at
https://kacc.kase.kz/en/settlements/
[2025-03-06]