49.79% - National Bank of the Republic of Kazakhstan
38.68% - Kazakhstan Stock Exchange
7.41% - second-tiers banks
4.12% - brokerage companies
Brief History
The Central Securities Depository was established in 1997 on the basis of the relevant department of the National Bank of the Republic of Kazakhstan. Initially and to present time the Central Securities Depository is a non-profit and unique organization carrying out depositary activity within the Republic of Kazakhstan.
Types and number of Participants
- As of January 1, 2007, a number of participants: 71 (brokerage companies, dealers, custodian banks, foreign depositories and custodians).
Regulatory Environment
* National Bank of the Republic of Kazakhstan
* Kazakhstan Republic Agency for regulation and supervision of financial market and financial organization
Stock Exchanges
- Kazakhstan Stock Exchange
Other CSDs or clearing
organization in your country
-
Services Provided
- 1. Provision of nominee holder services for participants.
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2. Settlement of trades with financial instruments conducted on organized securities market and OTC transactions involving CSD participants.
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3. Depository servicing of public securities.
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4. Provides consultancy, information and other services, which don't contradict legislation of the Republic of Kazakhstan.
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5. Clearing of trades with financial instruments both for financial instruments as well as money.
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6. Maintenance of the register of security holders.
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The Central Depository carries out certain types of banking operations:
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* functions of a centralized organization, providing settlement between brokers and dealers;
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* paying agent functions for income payment and redemptions of financial instruments;
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* opening of banking accounts for participants, designated
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for money transfers for trades with financial instruments, as well as receipt of income payments and redemptions.
Eligible Securities
- * public bonds:
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-notes of Kazakhstan National Bank
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-securities of the Ministry of Finance
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-municipal securities
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-euronotes
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* corporate securities:
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-foreign securities
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-shares
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-bonds
Corporate Action services
Provided? Yes/No (If yes, what kinds of services provided?)
Yes. * Cooperation with registrars (providing with information about shareholders whose securities are in nominal holding; forming of lists of shareholders when issuers carry out some corporate actions).
* Cooperation with issuers (forming lists of shareholders when dividends are paid or for conducting shareholders meeting) and other.
Value
of Securities in Custody (US$):50,373,256,797
Amount
of Cash Settled per annum (US$):
Percentage of Securities
Immobilized/ Dematerialized:100
Market Capitalization/
Trading volume per annum (US$):127,603,413,478.57
Total Revenue/ Expense
and Net income Per annum (US$):1,019,662.21
Memorandum of Understanding/
Business Agreement (Date)
- * September 7, 2007: Memorandum of Cooperation with CJSC National Depository Centre (Republic of Azerbaijan).
Cross-Broader Transaction
(Counterpart)
Withholding Tax Treatment
of Cross-Border Trading Transactions (Details)
DVP Implementation (Yes/No)
Yes.
Settlement Period
until 17.30
Contact Information
Contact Person: Aigul Tulendinova
Tel: +7(727)2669510, ext.138
Email: atulendinova@csd.kz
Fax: +7(727)2669500, ext.115
Remarks
