KASE approves amendments to Procedure for carrying out transactions according to scheme T 2
In accordance with these amendments:
- orders of a trading participant are subject to a security which depending on a
case set forth in the document can serve as either margins or assets;
- there is a possibility to secure the orders with the trading participant's own
assets in case of insufficiency of such assets in the client's account (when
using the option in the trading account);
- the blocked security or part thereof may in certain cases be unblocked
depending on a case set forth in the document;
- procedure for interaction between KASE and a settlement company in the
framework of the transactions in the stock market according to scheme T+2
was clarified;
- editorial clarifications were introduced.
The revised text of the Procedure will be published on KASE website at
http://www.kase.kz/files/normative_base/dmoney.pdf soon.
We remind you that the Procedure will be put into effect after all activities
aimed at introduction of the relevant changes to information systems of KASE
are finalized based on a separate decision of the Exchange Board of Directors.
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