AS OF APRIL 25 KASE SUSPENDS DELTA BANK FROM TRADING, SECURITIES NOT TRADED
25.04.17 18:14
/KASE, April 25, 2017/ – Following a decision of Kazakhstan Sock Exchange's
(KASE) Management Board as of April 25, 2017, Delta Bank (Almaty, Bank),
being a KASE’s FX and stock member, was suspended from trading in securities
and foreign currencies. The same Management Board’s decision suspended the
Bank’s clearing participant status.
The decision was made in accordance with sub-clause 6) of clause 1 of Article
11 of KASE internal document "Regulations on membership" and sub-clause 2)
of clause 1 of Article 6 of KASE internal document "Rules for clearing
transactions in financial instruments" as the Bank defaulted on its obligations
under the stock exchange deals.
As of April 25, the Bank had no obligations in the FX market. The Bank's
unfulfilled obligations in the securities market as of the said date are secured
by its assets. Therefore, the Bank’s default on its obligations will not have a
negative impact on other members of the Exchange.
In addition, the decision:
- suspended the Bank’s KASE membership, as the Exchange membership of
a participant shall be automatically suspended along with its suspension from
the exchange trading;
- as of April 26, 2016 KASE suspends the trading in the following Bank’s
securities in its trading system:
- common shares KZ1C36500011 (KZ000A1CTMT7, KASE official list,
second category, NFBN);
- bonds KZP02Y10E176 (KZ2C00002038, KASE official list, category
"other debt securities", NFBNb3);
- bonds KZP01Y05E699 (KZ2C00002699, KASE official list, category
"other debt securities", NFBNb4);
- bonds KZP02Y07E693 (KZ2C00002665, KASE official list, category
"other debt securities", NFBNb5);
- bonds KZP03Y15E694 (KZ2C00002681, KASE official list, category
"other debt securities", NFBNb6);
- bonds KZP04Y12E699 (KZ2C00002673, KASE official list, category
"other debt securities", NFBNb7).
[2017-04-25]