Repo operations
Repo operations on the Exchange can be carried out in TCS ASTS+ in two ways:
-
"automated" manner – in trading to be conducted by the order-driven market method
-
"direct" manner – in trading to be conducted by the direct transaction method
In TCS ASTS+, depending on a trading regime, it is possible to conduct repo operations, where the Exchange:
-
exercises CCP functions
-
does not exercise CCP functions
- exercises CCP functions
- does not exercise CCP functions
Market trends
Indicators of the repo market
The value of the adjustment coefficient for repo transactions
The value of the adjustment coefficient for repo transactions is calculated in national currency, in accordance with Resolution No. 229 of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2019, "Rules on Minimum Reserve Requirements"
Repo transactions market
| Term, days | Repo rate, % APR | Trend p.p | Volume,mln KZT | Number of deals | Market share, % | ||||
|---|---|---|---|---|---|---|---|---|---|
| Opn. | Min | Max | Last | Weighted average | |||||
| 1 | 16,50 | 16,00 | 16,50 | 16,00 | 16,25 | -0,16 | 218 | 49,0 | |
| 2 | – | – | – | – | – | – | – | – | |
| 3 | 16,40 | 16,40 | 16,40 | 16,40 | 16,40 | 0 | 1 | 1,7 | |
| 7 | 16,70 | 16,00 | 16,79 | 16,50 | 16,68 | +0,03 | 62 | 30,3 | |
| 14 | 16,70 | 16,40 | 16,80 | 16,67 | 16,66 | -0,08 | 44 | 17,5 | |
| 30 | 16,60 | 16,45 | 16,81 | 16,81 | 16,74 | +0,09 | 7 | 1,4 | |
| 90 | 16,60 | 16,60 | 16,60 | 16,60 | 16,60 | 0 | 1 | 0,1 | |
Instruments available for trading
- 10:30 – 17:00instruments of repo transactions with CCP
- 10:30 – 18:00instruments of repo transactions without CCP
- 15:30 – 17:30first clearing session
- 17:30 – 19:15second clearing session
Reducing systemic risks is the main function of the CCP which places increased demands on reliability of the risk management system.
Currently, "KASE Clearing Center" JSC functions as a central counterparty for transactions with all financial instruments of the derivatives market, foreign exchange and stock markets, with the exception of transactions carried out in some trading modes of the stock market, in which, for technological or other reasons, centralized clearing is not carried out.