OREANDA-NEWS. December 03, 2010. By decision of Kazakhstan Stock Exchange (KASE) Board of Directors a new KASE internal document named "Regulations on Settlements based on Results of Securities Trading in Tplus0 mode with full pledge" (Regulations) has been approved, reported the press-centre of KASE.

The Regulations will be submitted to the Central Securities Depository (Almaty), after whose approval the document must undergo an approval procedure at the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations.

The date of the Regulations becoming effective will be communicated additionally.

The Regulations determine the procedure of settlements on deals in securities concluded on KASE, as well as the order of executing trade procedures related to the pledging of concluded deals.

From the date of the Regulations becoming effective, KASE internal document "Regulations of Settlements based on Securities Trading Results" will be considered as having lost its validity.

The text of the Regulations will be published on the KASE website after its approval.

Introduction of the settlements system involving Tplus0  mode with full pledge is set for the 1st quarter 2011 after implementing respective technological amendments to KASE trading system.                                                

Presentation of the project of settlements in Tplus0  mode with full pledge is published on the KASE website, at http://www.kase.kz/files/mix/10_11_02_project.pdf for interested KASE trade participants.