The Astana Financial Services Authority has opened a consultation on a proposal to treat Clearing Participation Certificates, or CPCs, issued by International Trading System Limited as Qualified Investments under the Astana International Financial Centre Multilateral and Organised Trading Facilities Rules. The designation would allow the instruments to be admitted to trading on ITS’s Multilateral Trading Facility and would create a framework for using them as standardized collateral instruments in repo transactions to support liquidity management in the Astana International Financial Centre. CPCs represent participation in a segregated collateral pool maintained by ITS’s Central Counterparty and made up of eligible assets contributed by clearing members. The instrument is intended to support secured funding through a centralized and regulated infrastructure, with safeguards including collateral eligibility requirements, daily valuation, margining arrangements and risk management controls. AFSA’s assessment highlights potential benefits including improved collateral mobility, greater netting efficiency and support for development of the AIFC money market segment, while the proposed framework addresses liquidity, market, credit, operational and collateral adequacy risks. Any designation would be subject to specific conditions, including governance, operational and enhanced transparency requirements for ITS. Comments are due by 13 August 2026, after which AFSA will consider the responses before making a final decision on the proposed designation.

Original source Back to tracker