KASE Switches KDB to Immediate Delivery of Currency
OREANDA-NEWS. May 11, 2009. The Exchange Council of the Kazakhstan Stock Exchange (KASE) made a decision to switch Kazakhstan Development Bank (Astana) to immediate delivery of currency trading on KASE; the decision is effective May 6, 2009, reported the press-centre of KASE.
The decision means from now on Kazakhstan Development Bank may trade in currency on the exchange without preliminary reserving money on exchange correspondent accounts.
Earlier Kazakhstan Development Bank settled its currency trades in the regime of preliminary delivery of currency.
Currently, three foreign currencies are trading on KASE - dollar, euro and Russian ruble.
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