Astana International Exchange Central Securities Depository (AIX CSD) announces that it performed its first securities lending transactions in two different listed securities and currencies. The GMSLA-based (Global Market Securities Lending Agreement) operations took place between Participants authorized for Securities Lending & Borrowing. The first transaction was successfully closed after two weeks.
Anna Kolesnichenko, CEO of AIX CSD, said:
“This is a major milestone in the development of our marketplace. The existence of an efficient securities lending and borrowing regime will not only increase the liquidity of the market but it will also strengthen the confidence of market participants and investors that AIX is a sound market to invest in.”
Securities Lending and Borrowing is available to appointed Market Makers after being authorized by AIX Regulation & Compliance. Securities lending may also be used to prevent settlement failures. The Securities Lending and Borrowing program is governed by the industry-standard Global Market Securities Lending Agreement (GMSLA) or any other agreement acceptable to AIX. Market Makers entering into a valid GMSLA with an authorized lender will also be allowed to perform covered short selling.
Additional information relating to the regulatory regime and operational work frame applicable to securities lending and borrowing is available at the following link:
The AIX CSD will shortly publish securities lending statistics on the AIX website.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. The constitutional law establishing AIFC was signed on December 7, 2015. The aim of AIFC is to form a leading center of international financial services. The objectives of AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz
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