Transferred income

The KASE Clearing Center transfers income from securities that are the subject of repo operations concluded in modes with CCP from the repo buyer to the repo seller. The income is transferred for those repo transactions for which the record date falls within the period between the repo opening and closing dates.

The income is transferred by the KASE Clearing Center after receiving from the paying agent a notification of interest payment. Within five working days of receiving such notification, the Clearing Center reflects the amount of transferred income in the trading and clearing accounts of the transaction participants. For the repo buyer, the transferred income is reflected in obligations, and for the repo seller - in claims. The amount of transferred income is included in calculation of net positions during the first settlement and clearing session.

The KASE Clearing Center transfers coupon for bond purchase and sale transactions from the seller to the buyer. The coupon is transferred for those transactions for which the settlement date falls within the period between the record date and the interest payment date. Depending on the time (morning or evening) of register closing, the conditions for selecting the transactions for income transfer must be met.

The income is transferred by the KASE Clearing Center after receiving from the paying agent a notification of interest payment. Within five working days of receiving such notification, the Clearing Center reflects the amount of transferred income in the trading and clearing accounts of the transaction participants. For the seller, the transferred income is reflected in obligations, and for the buyer - in claims. The amount of transferred income is included in calculation of net positions during the first settlement and clearing session.