OREANDA-NEWS. On August 04, 2008 Kazakhstan Stock Exchange (KASE) informed that government short-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) will be offered at KASE on August 6, 2008 on conditions as below (discount obligations, Almaty time), reported the press-centre of KASE.
 
Applications for participation in specialized trades may only be submitted by KASE category "K" members (right of participation in trades in government securities, circulating on the Exchange), which are deemed as primary dealers by the rules specified below. Investors may submit applications through these legal entities. The full list of KASE category "K" members is available at the KASE website at: http://www.kase.kz/kasemembers/

As the price the order must indicate security price in percentage of nominal bond value expressed within the fourth decimal accuracy. This indicator is a subject of trade.

Primary dealers undertake (before 15:00 on the trading day) to provide availability of money on the money account, which is used for settlements on deals in securities in accordance with the set of rules of Central Securities Depository JSC (Almaty), in the sum, sufficient for payment of the treasury obligations acquired thereby (assuming that all orders submitted by primary dealers and accepted by KASE are subject to satisfaction).

MEKKAM are issued in accordance with the Rules on Issue, Offering, Service and Maturity of Government Treasury Obligations of the Republic of Kazakhstan (Rules on Issue, http://www.kase.kz/mix/newgko.pdf), approved by resolution No. 941 of the Government of the Republic of Kazakhstan of September 8, 2004, and offered in accordance with the Rules on Offering of Government Treasury Obligations of the Republic of Kazakhstan (http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by the Exchange Council decision of December 29, 2004.