Astana International Exchange And Euroclear Bank Launch Enhanced Settlement Service

Astana International Exchange (“AIX”, “Exchange”) and its Central Securities Depository (“AIX CSD”) and Euroclear Bank are pleased to announce the launch of a new Enhanced Settlement Service. Under the arrangement, institutional investors can settle trades in Euroclearable securities admitted to trading on AIX either in a Euroclear Bank account (if both members of Euroclear Bank and AIX) or via a custodian account at Euroclear Bank.

The new service offers international investors greater costs efficiencies as these trades can now settle directly in Euroclear’s multi-currency environment.

To participate in the Enhanced Settlement Service, interested market participants must provide a Power of Attorney to Euroclear Bank that AIX CSD has a right to send settlement instructions regarding their account at Euroclear Bank.

Anna Kolesnichenko, CEO of the AIX CSD, stated:

“We are pleased to reach an agreement and complete all necessary technical and legal requirements with Euroclear and offer foreign institutional investors a new service, which allows them to optimize their costs.”