Friday, 19 July 2024 21:18
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KASE Clearing Center JSC operates in the securities market by providing services of the central counterparty.

The central counterparty is an infrastructural organization of the financial market, which assumes the risk of non-fulfillment of the obligation of a financial market participant to supply money or a financial asset by becoming the only counterparty for all transactions with market participants.

In order to manage the risk of non-fulfillment of the obligations of the parties to the transaction, the central counterparty organizes a rather complex risk management system – it requires market participants to provide margin and guarantee collateral, creates a reserve fund at its own expense.

Advantages of the Central Counterparty
risk reduction
Reducing the systemic risk
risk reduction
Operating efficiency
risk reduction
Advantages of the trading process
risk reduction
Transparency

License No. 3.1.8.2 to carry out activities in the securities market dated July 21, 2023

License to conduct banking transactions No. 4.3.22 dated August 28, 2023