KASE amends rules on T+2 trading

Mon, 05/12/2016

Deal execution on the Kazakhstan Stock Exchange will follow the T+2 scheme.                                                                                                                                                 

The Board of Directors of the Kazakhstan Stock Exchange (KASE) has approved amendments to the procedure of execution of deals on the stock market according to the T+2 scheme.

The following main amendments were approved:

  • The clearing session will be from 5.30 p.m. to 6.00 p.m. (Almaty time);
  • If a trading participant cannot meet their net obligations due to an insufficient trading (cash) account balance, the KASE will initiate the implementation of procedures for defaults settlement;
  • Trading participants have to control the validation of identity documents that are presented to the Central Depository;
  • KASE will not process transactions within 30 days before the expiration date of the KASE member's client Identity Documents.

Ksenia Liskina

Relationship Manager

GSS Russia