KASE Made Amendments on Automatic Repo Market
OREANDA-NEWS. By the decision of Kazakhstan Stock Exchange (KASE) of September 10, 2008 was made the addition into the decision of KASE Board of August 28, 2008 on approval of change # 7 into KASE internal document "Specification of Automatic Repo Market". This addition is effective from September 10, 2008, reported the press-centre of KASE.
In order to minimize the risk of nonfulfilment of obligations on deals of repo opening and/or closing (whish relate to repo transactions executed by the "automatic" method), occurring due to the transition of the exchange to the new official list structure, establish the following transition regulations, namely, establish that corporate serial securities:
- before September 1, 2008, present in KASE category "A" official list, but after the mentioned date not included into the list of securities, which can be used as subjects of repo transactions executed by the "automatic" method, in compliance with sub-item 2) of item 2 of the exchange internal document "Specification of Automatic Repo Market" (revised),
- subjects of repo transactions executed by the "automatic" method, from the closing date, which fall on September 1, 2008, can be used as subjects of repo transactions executed by the "automatic" method given that dates of such repo transactions closing come before January 1, 2009.
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