KASE Determines Sizes of Lots on Financial Instruments Independently
OREANDA-NEWS. On February 29, 2008 by the decision of Exchange Council of Kazakhstan stock exchange (KASE), revoked is the clause 7 of the decision of general KASE members' meeting dated, April 11 of 2003, regarding the determination of a size of lots, reported the press-centre of KASE.
The decision of Exchange's Council was taken based on appeals of KASE members with requests to decrease the minimal size of lot on government securities due to aliquant holdings of certain issues of government securities in their ownership which makes their re-sale impossible on the stock exchange.
Furthermore, by this decision of Exchange's Council, the Board of KASE is allowed to will determine the sizes of lots on financial instruments independently.
Let us remind you that, according to the clause 7 of the decision of general KASE members' meeting dated, April 11 of 2003, the following sizes of lots were set:
- on government securities and corporate bonds, denominated in tenge, - at KZT100,000; for more than - aliquant ones to KZT10,000 or at the face value of a bond;
- on government securities and corporate bonds, denominated in U.S. dollar - at USD100;
- on foreign securities of the Republic of Kazakhstan - at USD1,000;
- on the market of automatic repo.
New sizes of lots will be reflected in the internal document of KASE "Regulations of trades and work of Confirmation system" in the near future.
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