Liquidation Fund
The Deposit is placed with the bank under Order of the Minister of Energy of the Republic of Kazakhstan dated 13 November 2014 No. 125 “On Approval of the Rules for Forming Liquidation Funds of Waste Disposal Sites”.
Deposit amount
Determined by the terms of the waste disposal site project
Currency
KZT, USD
Partial withdrawal
Provided
Additional contributions
Provided
Interest payment
At the end of the term of the agreement simultaneously with return of the deposit
Interest rates
Liquidation Fund Deposit Nominal Rate for Legal Entities
| KZT | USD |
|---|---|
| 6,0% | 0,5% |
Liquidation Fund Deposit Effective Rate for Legal Entities
| KZT | USD |
|---|---|
| up to 6,2% | up to 0,6% |
*Annual effective interest rate is calculated in accordance with the Order of the Management Board of the National Bank of the Republic of Kazakhstan dated 26 March 2012 No. 137 On approving the Rules for calculating interest rates in a reliable, annual, effective, comparable calculation (real value) for loans and deposits.
Deviations (+/- 0.1% per annum) in annual effective interest rates are allowed.
At a 0.01% nominal interest rate, the annual effective interest rate shall be 0.01%. In accordance with Clause 17 of the Order of the Management Board of the National Bank of the Republic of Kazakhstan dated 26 March 2012 No. 137 “On approving the Rules for calculating interest rates in a reliable, annual, effective, comparable calculation (real value) for loans and deposits”, if at calculation of the annual effective interest rate, the number received has more than one decimal place, it should be rounded to the nearest tenth as follows:
1) if the hundredth fraction is more than or equal to 5, the tenth fraction shall increase by 1, all the signs following it shall be excluded;
2) if the hundredth fraction is less than 5, the tenth fraction shall remain unchanged, all the signs following it shall be excluded.
The interest rates are approved by the decision of the Market Risk and Liquidity Management Committee № КУРРиЛ-2020-2-309 dated 16.09.2020.
Deposit amount
Determined by the terms of the waste disposal site project
Currency
KZT, USD
Partial withdrawal
Provided
Additional contributions
Provided
Interest payment
At the end of the term of the agreement simultaneously with return of the deposit
Interest rates
Liquidation Fund Deposit Nominal Rate for Individual Entrepreneurs
| KZT | USD |
|---|---|
| 6,0% | 1,0% |
Liquidation Fund Deposit Effective Rate for Legal Entities
| KZT | USD |
|---|---|
| up to 6,2% | up to 1,0% |
*Annual effective interest rate is calculated in accordance with the Order of the Management Board of the National Bank of the Republic of Kazakhstan dated 26 March 2012 No. 137 On approving the Rules for calculating interest rates in a reliable, annual, effective, comparable calculation (real value) for loans and deposits.
Deviations (+/- 0.1% per annum) in annual effective interest rates are allowed.
At a 0.01% nominal interest rate, the annual effective interest rate shall be 0.01%. In accordance with Clause 17 of the Order of the Management Board of the National Bank of the Republic of Kazakhstan dated 26 March 2012 No. 137 “On approving the Rules for calculating interest rates in a reliable, annual, effective, comparable calculation (real value) for loans and deposits”, if at calculation of the annual effective interest rate, the number received has more than one decimal place, it should be rounded to the nearest tenth as follows:
1) if the hundredth fraction is more than or equal to 5, the tenth fraction shall increase by 1, all the signs following it shall be excluded;
2) if the hundredth fraction is less than 5, the tenth fraction shall remain unchanged, all the signs following it shall be excluded.
The interest rates are approved by the decision of the Market Risk and Liquidity Management Committee № КУРРиЛ-2020-2-90 dated 12.03.2020.