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Liquidation Fund

Terms of deposit for legal entities

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”.

Minimum initial amount

Determined by the terms of the waste disposal site project.

Deposit currency

KZT, USD.

Partial withdrawal

Provided.

Additional contributions

Provided.

Accrued interest payment

At the end of validity of the bank deposit agreement simultaneously with the return of the deposit.

Early termination

At the Demand Deposit rate.

Interest rate

Liquidation Fund Deposit Nominal rate for Legal Entities

Currency Term, in days
Over 360 days
KZT 6%
USD 1,25%

Liquidation Fund Deposit Effective rate for Legal Entities

Currency Term, in days
Over 360 days
KZT 6%
USD 1,25%

* — AERR (annual effective rate of return)

These rates are calculated for the basic deposit terms with payment at the end of the term.

AERR may vary with each specific transaction, depending on frequency of payment.

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2018-1-237 dated 29 March 2018.

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2018-1-615 dated 3 October 2018.​

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2019-2-162 dated 17 June 2019

Terms of deposit for individual entrepreneurs

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”.

Minimum initial amount

Determined by the terms of the waste disposal site project.

Deposit amount

KZT, USD.

Partial withdrawal

Provided.

Additional contributions

Provided.

Accrued interest payment

At the end of validity of the bank deposit agreement simultaneously with the return of the Deposit.

Early termination

At the Demand Deposit rate.

Interest rate

Liquidation Fund Deposit Nominal rate for Individual Entrepreneurs

Currency Term, in days
Over 360 days
KZT 6%
USD 1%

Liquidation Fund Deposit Effective rate for Individual Entrepreneurs

Currency Term, in days
Over 360 days
KZT 6%
USD 1%

* — AERR (annual effective rate of return)

 

These rates are calculated for the basic deposit terms with payment at the end of the term.

AERR may vary with each specific transaction, depending on frequency of payment.

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2018-1-237 dated 29 March 2018

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2018-1-236 dated 29 March 2018

The deposit terms were approved by the Eurasian Bank Committee for Market Risks and Liquidity Management No. КУРРиЛ-2019-2-162 dated 17 June 2019

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