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18:56
19.05.2017
AS OF MAY 22 KASE TO CEASE DELIVERING MARKET VALUATION OF NON-INDEXED GS OF KAZAKHSTAN WITH MORE THAN 3,960 DTM
News source: KASE
/KASE, May 19, 2017/ – Kazakhstan Stock Exchange (KASE) announces that 
the Committee on Indexes and Valuation of Securities decided since May 22, 
2017 not to carry out a market valuation of non-indexed government securities of
the Republic of Kazakhstan (GS) with more than 3,960 DTM.

This decision was made on the basis of clause 23-1 of KASE internal document 
"Securities Valuation Methodology" (Methodology) as the necessary data is 
unavailable to evaluate these government securities.

In case of using these GS as subjects of repo transactions to determine the 
amount of the subject of a repo transaction, exact amount of the opening deal, 
closing price and amount of closing transaction of an automatic repo
transaction,  nominal value of the GS will be discounted, taking into account
the accumulated  but unpaid as of the evaluation date coupon interest, which is
stipulated in the  third paragraph of clause 5 of the Methodology. In this case,
the discount rates  stipulated in sub-clause 3-1 of clause 24 of KASE internal
document  "Specification of automatic repo market" (Specification) will be used
in the amount of 10%, if no more than three years remain until the maturity of
the mentioned government securities, and 20%, if the maturity period is three
years or more.

KASE also reports that since May 22, 2017, in the file with data on securities 
market valuation, which is published on KASE website, on non-indexed GS, the 
maturity of which exceeds 3,960 days, only the discounted prices will be given.

The Methodology is available on KASE website at 
http://www.kase.kz/files/normative_base/met_ocen_zb_izm11_eng.pdf, the text 
of the Specification is available at 
http://www.kase.kz/files/normative_base/sp_repo_izm4_eng.pdf

On issues related to the Methodology, procedure to calculate the market prices 
and discounting of the subjects of repo transactions, all interested persons may
approach KASE Information and Statistics Department by phone: (727) 237 53 
18 or e-mail: info@kase.kz.

[2017-05-19]






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