AIX Stock Loans in Kazakhstan

Astana International Exchange is the principal cash-equity venue of Kazakhstan. Founded in 2018, it operates under the oversight of Astana Financial Services Authority (AFSA), and its leading benchmarks are AIX Qazaq Index. Listing standards are set out in the AIX Business Rules; AIFC Market Rules.

AIX at a glance:

The exchange of the Astana International Financial Centre, operating under an English-common-law framework and trading principally in US dollars. A bridge venue for Central Asian and Kazakh sovereign-linked listings.

On AIX specifically, eligibility turns on where the name sits in the market’s liquidity. AIX Qazaq Index constituents and the sovereign-linked national champions — names such as Kazatomprom and KazMunayGas, several of which also trade on KASE or through London depositary receipts — carry the free float and dollar turnover that support a higher loan-to-value; Mixed Market and thinly traded lines are financed more selectively. Because AIX trades and settles principally in US dollars under an English-common-law framework, a dollar facility runs against the line without a tenge conversion step, and security is taken and enforced under AIFC law.

The principal regulatory reference on AIX is Disclosure of major shareholdings under the AIFC Market Rules and the AIX Business Rules. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

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