OREANDA-NEWS. February 08, 2012. By Kazakhstan Stock Exchange (KASE) Management Board decision were approved addition and change # 1 (the Amendments) to KASE internal document "Specification of Futures of US Dollar Rate to Tenge" (the Specification), reported the press-centre of KASE.

The amendments were introduced due to a new procedure of defining the settlement price of futures contracts according to changes #2 (Changes) to KASE Internal document "Rules of Execution of Clearing Activities on Derivatives Market" (Rules) becoming affective from February 1, 2012.

As was announced earlier, the Changes stipulate that the methodology of defining the settlement price on each type of futures contracts is determined not by the Rules but by respective specifications of futures contracts.

The Specification revised text shall be published on KASE website at http://www.kase.kz/files/normative_base/specification_currency_eng.pdf in the nearest future.