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Clearstream, in coordination with the National Bank of Kazakhstan, has started the implementation of a joint project to ensure local government securities of the Republic of Kazakhstan, including short-term notes of the National Bank, are eligible in Clearstream’s system. The project envisages setting up a link with the Kazakh market, which is expected to be launched by the end of the first half of 2018. The implementation of the joint project will allow settlement of eligible government securities issued under the Kazakh legislation in Tenge through the international clearing system of Clearstream and will expand the access of foreign investors to the Kazakh stock market.
Making local government securities eligible in Clearstream will increase the demand for Kazakh...
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