FAQ

Dear Sir/Madam, In accordance with clause 17) Article 1 of the Law of the Republic of Kazakhstan “On Commodity Exchanges”, a member of a commodity exchange is a broker and (or) dealer who, in accordance with the legislation of the Republic of Kazakhstan, have the right to carry out transactions with exchange-traded goods in the manner prescribed by the internal documents of the commodity exchange.

According to paragraph 2 of Art. 11 of the Law, membership in a commodity exchange gives the right to participate in exchange trading.

Sub/P. 9) clause 2 of Chapter 1 of the Model Rules of Exchange Trading dated March 30, 2015 No. 280 stipulates that exchange trading participants are brokers and (or) dealers who have passed the accreditation procedure at the commodity exchange and have the right to carry out exchange transactions on the commodity exchange.

Sub/P. 6) art. 1 of the Law, participants in exchange trading are clients, brokers and dealers interacting on a commodity exchange according to the established rules of exchange trading.

According to clause 3. Art. 19 of the Law, relations between a broker and his clients arise based on an agreement for the provision of brokerage services, to which the norms of civil legislation of the Republic of Kazakhstan apply.

In accordance with paragraphs 1 and 2 of Article 23 of the Law, a trade secret includes information about registered participants in exchange trading. Brokers and dealers do not have the right to allow actions (inaction) that may lead to a violation of natural pricing and destabilization of the commodity market.

Based on the above norms, it follows that the interests of clients (suppliers) on the commodity exchange during exchange trading are represented by their brokers on the basis of concluded service agreements.

Accordingly, the direct names of supplier companies participating in exchange trading through their brokers are not subject to publication, including as stated above due to the confidentiality regime and the exclusion of the corruption component and facts of collusion between potential suppliers.

In general, terms, the answer to your question can be found in the norms of the Environmental Code of the Republic of Kazakhstan. According to Article 299 of the Environmental Code of the Republic of Kazakhstan, a carbon unit is an accounting unit of a carbon quota or carbon offset and is equal to one ton of carbon dioxide equivalent.

The carbon unit itself is a product permitted for circulation between subjects of the carbon market in the Republic of Kazakhstan (subjects of quotas; individuals and legal entities involved in the sale of carbon offsets; operator of the carbon unit trading system)

The carbon trading system in the Republic of Kazakhstan consists of primary and secondary carbon markets.

In the primary carbon market, the operator of the carbon trading system sells carbon quota units from the corresponding reserve category of the National Carbon Quota Plan to carbon market entities on an auction basis.

In the secondary carbon market, carbon market entities purchase and sell carbon units among themselves through a direct transaction or through a commodity exchange.

Trading in carbon units on a commodity exchange is organized in accordance with the legislation of the Republic of Kazakhstan on commodity exchanges.

Thus, carbon units can be purchased through acquisition in the primary carbon market through an auction or in the secondary carbon market through a direct transaction or through a commodity exchange.

The Caspy Commodity Exchange, the first of the existing exchanges in the Republic of Kazakhstan, conducted trading on greenhouse gas emissions in 2014. Taking into account recent changes in environmental legislation, including in the direction of trading in carbon units, the organization of trading in greenhouse gas emission quotas, as well as the existing and accumulated experience of the Exchange remains at a high level.

If you are interested in selling or purchasing carbon units, you can familiarize yourself with the necessary information on the exchange website in the “Markets” section, “GHG emissions” module.

In addition, up-to-date information is always publishing on the Exchange website in the news feed, including on the purchase or sale of carbon units.

If necessary, you can additionally familiarize yourself with the information you are interested in on the website of Zhasyl Damu JSC, which until now forms and maintains a state register of carbon units. State Register of Carbon Units – an electronic system for recording transactions related to the introduction, storage, transfer, acquisition, reservation, blocking, redemption, cancellation, withdrawal of carbon units from circulation

Dear Sir/Madam, as you know, an exchange commodity is a standardized homogeneous product included in the Unified Commodity Nomenclature for Foreign Economic Activity of the Eurasian Economic Union, the units of which are identical in all respects. They have similar characteristics and consist of similar components, which allows them to perform the same functions, which have the property of complete interchangeability of batches from different manufacturers, as well as a fixed-term contract.

Subject: 8) Article 1 of the Law of the Republic of Kazakhstan on “Commodity Exchanges” stipulates that the quotation of exchange-traded goods is the bid and (or) offer price announced for exchange-traded goods at a certain point in time on a commodity exchange

In accordance with clause: 2-2) paragraph 2 of the Law, the commodity exchange carries out the formation of exchange quotations.

According to paragraphs 1 and 2 of Article 18 of the Law, the exchange price of a product is determined as a result of the quotation of exchange-traded goods. Commodity exchanges post quotes for commodities on their own Internet resource.

In pursuance of the above legislative requirements, the Caspy Commodity Exchange regularly publishes on its website quotes for exchange commodities: coal, cement, wheat, and liquefied petroleum gas.

For these types of exchange goods, any interested party has the right to monitor the dynamics of the presented quotations and accept them in planning their purchasing activities.

Dear Sir/Madam, the Caspy Commodity Exchange is not able to significantly influence on the actions of manufacturers of these products.

In market conditions, this is their independent decision. There are no legal requirements and/or restrictions on the sale of these products in one way or another. On our part, it seems inappropriate to negotiate on this issue with the authorized bodies, since the main activity of a commodity exchange is the organization and conduct of exchange trading. You have the right to independently initiate such negotiations with the relevant departments or by submitting an appropriate application to the Atameken National Chamber of Entrepreneurs.

At the same time, if you provide a list of manufacturers of these products, the Exchange will consider the issue of conducting appropriate negotiations with them with a proposal to sell polyethylene and polypropylene through the electronic trading system of the Caspy Commodity Exchange.

Exchange activities are regulated by a number of regulatory legal acts adopted and in force in the Republic of Kazakhstan. The main regulatory legal act is the Law on Commodity Exchanges, which regulates public relations arising in the course of the activities of commodity exchanges and exchange trading. The Law also establishes the procedure for regulation and state control over the activities of commodity exchanges in order to ensure their open and efficient functioning and protection of rights participants in exchange trading and fair competition between them.

In addition, previously, the relevant government body represented by the Minister of National Economy of the Republic of Kazakhstan, by the corresponding order dated March 30, 2015 No. 280, approved the Model Rules of Exchange Trading.

Along with this, the scope of exchange activities is regulated by the norms of the following codes, such as: Entrepreneurial, Civil, Environmental, Code of the Republic of Kazakhstan “On Subsoil and Subsoil Use”.

In addition, by virtue and within the limits of its competence, the Commodity Exchange has the right to publish its internal documents that regulate the conditions and procedure for the activities of participants on the commodity exchange, the work of the commodity exchange, its bodies, structural divisions, and the provision of services, the procedure and amount of their payment.

Any interested party can familiarize themselves with a number of relevant regulatory documents on the website of the Caspy Commodity Exchange in the “Documents” section.

To participate in trading for the sale of municipal coal in accordance with the approved Section rules (recommendations), it is necessary to enter into an agreement with a Broker accredited at the exchange, or to be accredited at the commodity exchange as a dealer. Information about brokers is posted on the website www.ccx.kz in the Exchange Members section. Information on accreditation as a dealer can be found in the accreditation rules in the Exchange Documents section.

Dear Sir/Madam, you can be accredited at Caspy Commodity Exchange JSC as a dealer and take part in trading on your own behalf without concluding an agreement with a broker. In this case, you will have an agreement with the Exchange. To undergo accreditation, you must explore the accreditation rules posted on the exchange website in the “Documents” section of the exchange.

Dear Sir/Madam, registration in the system is possible only for Brokers/Dealers who have received accreditation at Caspy Commodity Exchange JSC as a member of the exchange. In this regard, if you intend to be accredited as a member of the exchange, please address this question to the contacts listed on the website www.ccx.kz. If you are a supplier and want to take part in auctions for the procurement of subsoil users as a client, you need to enter into an agreement with a brokerage company for brokerage services. Further questions should be discussed with your broker.

According to clause 69 of the Model Rules of Exchange Trading, approved by the Acting Order. Minister of National Economy of the Republic of Kazakhstan dated March 30, 2015 No. 280 “69. For a transaction concluded during exchange trading, the trading system of the commodity exchange automatically generates a report on the exchange transaction (hereinafter referred to as the exchange transaction report), assigning a unique number and containing the following information: 1) the name of the participant in exchange trading and his unique exchange identifier (individual code assigned to the participant in exchange trading); 2) the date and time of the transaction in the format – year, month, day, hour, minute, second (with an accuracy of at least 0.1 seconds); 3) name and (or) code of an exchange-traded or non-standardized product; 4) price per unit of goods; 5) quantity of goods; 6) the total amount of the transaction. 70. The report on the exchange transaction is presented to the broker or dealer who concluded the transaction in the electronic document management system of the commodity exchange with the obligatory signing by an electronic digital signature of an authorized employee of the commodity exchange immediately after the end of the trading session and clearing. The broker, after receiving the report on the transaction, presents it to his client. Based on the exchange transaction protocol, an agreement (purchase/sale) for the supply of goods is concluded between the Initiator and the Auction Winner. However, the legislation in the field of exchange trading does not regulate the period for concluding an agreement. If you have any questions regarding the conclusion of the agreement, I ask you to contact the broker representing the Auction Initiator using the contacts listed on the exchange website in the “Exchange Members” section.

Dear Sir/Madam, Information about exchange members is posted in the appropriate section on our company’s website at www.ccx.kz with respect, Caspy Commodity Exchange JSC

Dear Sir/Madam, If you wish to participate in trading, then you need to contact our brokers, list of brokers https://ccx.kz/en/ccx-members brokers If you intend to register as a broker, you need to familiarize yourself with the rules of accreditation on the exchange as a member of the exchange and provide documents in accordance with this regulation. You can view the documents at http://ccx.kz/en/dokumenty-birzhi

In announced auctions held in the standard auction mode, all the necessary information regarding the purchased goods is placed. Trading in anonymous auction mode is carried out according to specifications approved by the exchange, which you can also find on the exchange website in the Exchange Documents section.

Dear Sir/Madam Digital signature is required only for accredited members of the exchange. If you participate in trading using the services of a broker, the exchange transaction will be signed with the broker’s digital signature.

Sincerely, Caspy Commodity Exchange

Dear Sir/Madam, the exchange does not have this information. You can check this information with brokers accredited on our exchange. You can view the list of brokers on the website of Caspy Commodity Exchange JSC in the Exchange Members section at www.ccx.kz

Dear Sir/Madam, the relationship between a broker and a client is governed by a brokerage agreement signed between you. In addition, all information about upcoming auctions can be found on our website www.ccx.kz in the Auctions section.

Dear Sir/Madam, you can view information on lots on our website ccx.kz under the /Auctions/ tab.

Dear Sir/Madam, you can view information on lots on our website ccx.kz under the /Auctions/ tab.

Dear Sir/Madam, all exchange rates are available on our website ccx.kz, in the Rates section. These rates are valid for accredited members of the exchange. If you intend to participate in trading using the services of an accredited broker, you need to enter into an agreement with an existing member of the exchange. Information about accredited brokers can be found in the Exchange Members section on the website www.ccx.kz

Dear Sir/Madam, In order to participate in exchange trading at Caspy Commodity Exchange JSC, you need to enter into a brokerage service agreement with any brokerage company accredited by CCX JSC. More detailed information about brokers can be found on the official website www.ccx.kz