KAZAKHSTAN: KASE Approves Rules for Settlements on Trading in Foreign Currencies

Wednesday July 26 2017

On 20th July 2017, the Board of Directors of the Kazakhstan Stock Exchange (KASE) approved the internal KASE document “Rules for making settlements on foreign trade currencies”.

This will be put into effect simultaneously with the enactment of the Rules for the Implementation of Clearing Activities on transactions with financial instruments.

The rules were developed to update the internal documents of KASE, determining the terms and procedure for settlements on transactions with foreign currencies, settlement of some issues that are accepted practice, as well as deletion from the current document norms concerning the settlement of defaults in the foreign exchange market in connection with their attribution to clearing activities.

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