Market Notice – pdf
Pursuant to the Rules 1.4 and 1.5.6 of the AIX CSD Business Rules and the Section “Interpretation and Construction” of the AIX CSD Procedures, AIX CSD hereby informs its Participants as follows:
Effective from 17/07/2020, certain amendments introduced into the AIX CSD Procedures will come into effect and shall become binding on its Participants. Modifications are associated with Procedures for Rule 3.1.2. – “Account opening” of Section 3: Depository Accounts:
- To open a Nominee Account, a Participant shall: (i) fill in a CSD-IAO Form and send the Form to AIX CSD through SFTP, or (ii) send data in electronic form through a channel specified by AIX CSD in a Notice. After AIX CSD has been satisfied that the data transferred to it is full and accurate, AIX CSD will, within 2 (two) Business Days, open a Nominee Account for the Participant on the basis of the data provided by the Participant and confirm the account opening to the Participant. The Participant is fully responsible for the completeness and accuracy of the data provided by it to AIX CSD in respect of the Client. In case AIX CSD rejects opening the requested Nominee Account in the Depository System, AIX CSD will notify the Participant of such rejection within 2 (two) Business Days from the day of the receipt of the request.
- Alternatively, for bulk upload of Nominee Accounts for the Participant’s Clients into the Depository System, the Participant shall send the data to AIX CSD: (i) through SFTP as a Microsoft Excel file in a format as specified in CSD-BUNA Form accompanied by the Participant’s account opening request stating the number of Nominee Accounts to be opened, or (ii) in electronic form through a channel specified by AIX CSD in a Notice. After AIX CSD has been satisfied that the data transferred to it is full and accurate, AIX CSD will, within 3 (three) Business Days, open Nominee Accounts for the Participant on the basis of the data provided by the Participant and confirm the account opening to the Participant. In case AIX CSD rejects opening one or more of the requested Nominee Accounts in the Depository System, AIX CSD will notify the Participant of such rejection within 3 (three) Business Days from the day of the receipt of the request.
Modifications to the AIX CSD Procedures are available at the following link:
https://www.aix.kz/clearing-settlement/
Should you have any questions in relation to this Notice, please feel free to contact the AIX CSD at [email protected] or, by phone, +77172 23 53 02 / + 77172 23 53 79.
