Alliance Bank Switched to Delivery and Payment of Trading Currency
OREANDA-NEWS. As on February 4, 2009 Alliance Bank (Almaty) failed to comply with its net-obligations on purchase and sale deals in USD, on February 5, 2009 the Board of Kazakhstan Stock Exchange (KASE) made a decision to switch the bank beginning February 5, 2009 to preliminary delivery of selling and preliminary payment of purchasing foreign currency for a three month term, reported the press-centre of KASE.
The decision of the KASE Board was made in accordance with item 36 of the KASE internal document "Rules on Settlements on Foreign Currency Trade".
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