Friday August 17 2018

News Source: Global Exchanges

Focus: Other

Type: General

Country: Kazakhstan

Link: http://www.feas.org/News.aspx?ID=9268




The Board of Directors for Kazakhstan Stock Exchange (KASE) recently approved the paper “Rules on Execution of Settlement on Foreign Currency Trades Results”.This new version of the Rules was created in order to update the current Rules, the main amendments are as follows:

  • the methods of ensuring the execution of transactions by clearing participants without collateral, with partial collateral or with full coverage
  • introduction of margin security and margin requirements
  • the specifics of settlements, by clearing participants depending on the category of the clearing participant
  • the rules describing the current regimes for making settlements by bidders are excluded
  • procedures for making payments by bidders and KASE have been clarified
  • the rules on violation of payment discipline have been clarified.

Please check the KASE website as the new edition will be published soon. For further information please click on the link above