KAZAKHSTAN: KASE Announces Approval of New Edition of Methodology of Securities Valuation

Thursday June 11 2020

On 10^th June 2020, Kazakhstan Stock Exchange (KASE) announced the approval of new edition of KASE’s internal document “Methodology of securities valuation” (Methodology).

The new edition of the Methodology will be put into effect from the date the second release of the trading and clearing system ASTS+ is launched on the stock market, which will be announced later.

The new edition of the Methodology was developed for the purposes of:

• determining the settlement price for all securities admitted to circulation on the stock exchange market, taking into account the requirements for the central counterpart’s risk management system, in connection with the proposed launch of the Exchange’s acting as the central counterpart for all securities, also if they are the subject of repo transactions with the CC;
• recognition whether the carried out assessment of the estimated value of securities is its market price (obtained on the basis of market information) or an indicative price (obtained on the basis of information other than market data).

The valuation of government securities of the Republic of Kazakhstan denominated in Kazakh tenge has not changed.

From the date of the introduction of the new edition of the Methodology, the current edition of the Methodology will be recognized as invalid.

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