OREANDA-NEWS. November 03, 2009. The Exchange Council of Kazakhstan Stock Exchange (KASE) approved changes and additions No. 9 (the Amendments) to the KASE internal document "Securities Valuation Methodology" (the Methodology), reported the press-centre of KASE.

The Amendments were made as the current edition of the Methodology is not allowing to expressly interpret cases, when there is no official market maker on some corporate bonds, but at that exchange members regularly submit orders for purchase and sale of such securities and conclude deals, which allow for evaluating market price of such bonds in accordance with the Methodology.

The Amendments specify, at determination of corporate bond yield for purposes of market valuation thereof in case there is not market maker, orders with at least 2,000 MCI volume and deals, concluded on the basis of such orders, with an aggregate volume at least 2,000 MCI will only be selected. In case there are market makers, as earlier, the minimum mandatory quote set for market makers and assigned as on the date of their market maker assignment will be used as a criterion for selection of orders.

Besides, changes are of an editorial nature.

The Amendments were sent for accord to the AFS and will be effective on the business day following such an accord.

The renewed text of the Methodology will be released at the KASE website after the accord with AFS is reached.