/KASE, January 11, 2023/ – Kazakhstan Stock Exchange JSC (hereinafter – the
Exchange, KASE) announces that, in accordance with the Exchange's Development
Strategy for 2022 – 2024, a 100 % subsidiary of the Exchange – KASE Clearing
Center (KACC) – has been created.
The creation of KACC was brought about by the Exchange's plans to transfer
the functions of the central counterparty to its subsidiary in order to
differentiate the risk profiles of the trade operator and the central
counterparty (CCP). In addition, the separation of the clearing and CCP
functions will allow the CCP to provide services on various financial
instruments circulating not only on KASE, but also on other exchanges
and over-the-counter markets.
The composition of KACC's Board of Directors is as follows:
- Alina Aldambergen – Chairperson of KACC's Board of Directors;
- Zhainar Sarzhakov – person entitled to substitute the Chairman of KACC's
Board of Directors in case of his (her) absence;
- Mirlan Tashmetov – independent director.
The composition of KACC's Management Board:
- Idel Sabitov – Chairman of the Management Board;
- Alla Li – Deputy Chairman of the Management Board;
- Erkin Syzdykov – Deputy Chairman of the Management Board.
KASE's press release dedicated to this event is available on:
-
https://kase.kz/files/press/ru/11_01_2023_Kliringovyi_centre_KASE_kaz.pdf
– in Kazakh;
-
https://kase.kz/files/press/ru/11_01_2023_Kliringovyi_centre_KASE.pdf – in
Russian;
-
https://kase.kz/files/press/ru/11_01_2023_Kliringovyi_centre_KASE_eng.pdf
– in English.
[2023-01-11]