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The document ceased to be valid since  March 16, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 21

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of September 15, 2005 No. 108

About approval of Rules and conditions of release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan

(as amended on 24-12-2014)

According to article 36-2 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" for the purpose of determination of procedure for release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules and conditions of release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan.

2. This resolution becomes effective after fourteen days from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan.

3. From the date of enforcement of this resolution to recognize invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of December 20, 2001 No. 554 "About approval of Rules of release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan" (registered in the Register of state registration of regulatory legal acts of the Republic of Kazakhstan at No. 1748, published on January 28 - on February 10, 2002 in official publications of National Bank of the Republic of Kazakhstan "Kazakstan Ulttyk Bank_n_n Habarshysy" and "the Bulletin of National Bank of Kazakhstan");

2) the resolution of Board of National Bank of the Republic of Kazakhstan of April 10, 2003 No. 109 "About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of December 20, 2001 No. 554 "About approval of Rules of release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan", registered in the Ministry of Justice of the Republic of Kazakhstan at No. 1748" (registered in the Register of state registration of regulatory legal acts of the Republic of Kazakhstan at No. 2277, published on May 19 - on June 01, 2003 in official publications of National Bank of the Republic of Kazakhstan "Kazakhstan Ulttyk Bank_n_n Habarshysy" and "the Bulletin of National Bank of Kazakhstan").

4. To department of monetary transactions (Gerasimenko Yu. V.):

1) together with Legal department (Sharipov S. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of central office of National Bank of the Republic of Kazakhstan, Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations and Association of financiers of Kazakhstan.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Elemesov A. R.

Chairman of National Bank

A. G. Saydenov

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of September 15, 2005 No. 108

Rules and conditions of release, placement, address and repayment of short-term notes of National Bank of the Republic of Kazakhstan

These rules are developed according to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" (further - the Law on National Bank) and determine procedure and conditions of release, placement, the address and repayment of short-term notes of National Bank of the Republic of Kazakhstan (further - short-term notes).

Chapter 1. The concepts used in these rules

1. In these rules the following concepts are used:

Auction - placement of short-term notes of the corresponding release at the discounted prices specified in requests of Primary agents since the highest discounted price and finishing 1) on the stop-out price (satisfaction of plurality of the prices) within the announced auction conditions;

2) Primary agent bank who is the professional participant of the security market, having the current license on implementation of broker activities in the security market with the right of account management of clients as the nominee holder or the license for implementation of dealer activities in the security market, and concluded with National Bank of the Republic of Kazakhstan (further - National Bank) the contract on procedure for making of transactions with short-term notes;

3) the discounted price - the price is lower than nominal value;

4) stop-out price - the minimum discounted price on which the satisfaction of requests comes to an end;

5) early repayment of short-term notes - the complete or partial conclusion National Bank from the address of short-term notes before the repayment expiration in the secondary security market which is previously approved with Primary date, quantity and redemption price agent;

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