The post-trade infrastructure:
Astana International Exchange Central Securities Depository Limited (AIX CSD) is a private company incorporated under the Acting law of AIFC. We are responsible for daily cash and securities settlement as well as depositary activities.
Astana International Exchange Registrar Limited (AIX Registrar) is a private company incorporated under the laws of the Astana International Financial Centre (AIFC). We are responsible for storing and maintaining the central registry of shareholders.
Operational model
We utilize the BIS Model II, where securities are transferred on a gross basis while cash transfers are conducted on a net basis. This model enhances efficiency and reduces counterparty risk.
For on-exchange trades, the settlement cycle is T+2, ensuring that transactions are settled two business days after the trade date.
For OTC trades, the settlement cycle is defined by participant instructions, providing flexibility based on individual needs.
We offer a custody model that includes give-up/take-up of settlement instructions, facilitating the smooth handling of securities transactions.
We partner with several banks for settlement, including Bank Center Credit JSC and Citibank Kazakhstan JSC.
Technology
AIX CSD system and front ends are powered by Avenir Technology (Avenir), a global provider of post-trade infrastructure and applications.
The AIX CSD utilizes the SWIFT network by SWIFT standards ISO15022 and ISO22022.
AIX CSD successfully re-certified by international Information Security standards ISO27001 (Information Security Management), ISO27032 (Cyber Security Management), and the Security Techniques Cloud Services ISO 27017 and ISO 27018 (Best Practices).
Global post-trade risk and custody specialists assigned an overall risk assessment of ‘A+’, which denotes a ‘Low Risk’.
We are an associate member of the European Central Securities Depositories Association (ECSDA).
Nasdaq Dubai and AIX CSD have launched a direct CSD link between the markets.
Licenses:
We hold commercial licenses from the Registrar of Companies of Astana Financial Services Authority (AFSA).
| Market Activities: | Regulated Activities: |
|---|---|
Operating a Clearing House 092018-001 | Providing Custody Providing Money Services, the scope of which is restricted only to execution of payment transactions and money remittance 092018- 001 |
Key figures for 2024:
1.83 million investor accounts have been opened within the AIX CSD.
By September 2024:
- OTC Trades: $13,689,753,348.86 (Increased by 274.45%)
- On-Exchange Trades: $1,073,151,603.39 (increased by 72.49%)
For further details, please visit our Yearly Statistics | AIX
Write to us: [email protected]