22.05.2015, 01:33
KASE Board of Directors approves amendments to Procedure for carrying out transactions in stock market according to scheme T 2
OREANDA-NEWS. May 22, 2015. Following a decision of Kazakhstan Stock Exchange
(KASE) Board of Directors of May 19, 2015 changes and additions No. 2
(amendments) to KASE internal document "Procedure for carrying out transactions
in the stock market according to scheme T+2" (Procedure) were approved, with
effective date as of June 1, 2015.
In accordance with these amendments:
- it was made clear that for executing settlements on transactions accounts opened in the Central Securities Depository JSC are used;
- it was determined that at appraisal of pledge necessary for submission of an order for conclusion of a repo transaction opening deal, the Exchange shall account counter net-claims or net-liabilities, whose execution day coincides with the day of execution of the repo transaction opening deal.
The revised text of the Procedure will be published on KASE website at http://www.kase.kz/files/normative_base/dmoney_eng.pdf soon.
- it was made clear that for executing settlements on transactions accounts opened in the Central Securities Depository JSC are used;
- it was determined that at appraisal of pledge necessary for submission of an order for conclusion of a repo transaction opening deal, the Exchange shall account counter net-claims or net-liabilities, whose execution day coincides with the day of execution of the repo transaction opening deal.
The revised text of the Procedure will be published on KASE website at http://www.kase.kz/files/normative_base/dmoney_eng.pdf soon.
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