Risk first
Risk is part of every investment decision.
Before trading, understand what can change, how quickly a position can be exited, and which costs can arise.
Risk first
There is no investment without uncertainty
A regulated venue, a well-known issuer, and diversification do not eliminate the risk of loss. Risk assessment should consider horizon, liquidity, currency, concentration, and the ability to tolerate a fall in value.
Open Risk LabNational Bank of Kazakhstan · Open Data
Official dataRisk context
Official indicators provide context but are not trading signals on their own.
Risk atlas
See how risk travels through a system.
Change the conditions of a fictional scenario and observe impact mechanisms without forecasts or personal conclusions.
Market risk
Prices can fall because of rates, expectations, economic conditions, and participant sentiment.
How would a material price fall affect my capital and investment plan?
Issuer risk
An issuer’s financial position can deteriorate and obligations may not be met in full.
Which issuer documents and reports have I reviewed?
Liquidity risk
An instrument can be difficult to sell quickly at the expected price.
What market or order-book depth is available, and how long could an exit take?
Currency risk
A KZT result depends on both the asset price and the exchange rate.
Which currencies apply to the asset, settlement, and my future spending?
Interest-rate and credit risk
Rates, issuer creditworthiness, and credit spreads affect a debt instrument’s value and the likelihood of full repayment.
How do maturity and the issuer’s condition affect the risk?
Operational and infrastructure risk
Venue, settlement, or connectivity failures can delay action.
What is the contingency process if the system is unavailable?
Concentration and correlation
Several positions may still depend on the same issuer, sector, or underlying factor.
Can one factor affect several positions at once?
Inflation and reinvestment
A nominal gain may not preserve purchasing power, and future cash flows may be reinvested at different rates.
Have I considered the real result and reinvestment conditions?
Settlement and counterparty
Movement of cash and securities depends on infrastructure, timing, and participant obligations.
Do I know the settlement date and how rights are recorded?
Cybersecurity
Phishing, account takeover, and impersonation can lead to loss of money and data.
Did I verify the channel independently and enable 2FA?
Legal and tax risk
Rules, tax treatment, and restrictions may vary by circumstances, status, and jurisdiction.
Have I checked the current document and my own circumstances?
Behavioural risk
Urgency, fear, overconfidence, and chasing past performance can distort a decision.
Is this decision supported by evidence or driven by emotion?
Checklist
Before placing an order, check that
- 01
I understand how the instrument can generate both gains and losses.
- 02
I have checked applicable charges and understand that tax depends on my circumstances.
- 03
I know the venue, currency, and settlement timing.
- 04
I can bear the loss of some or all invested capital.
- 05
I am not investing money needed for near-term essential expenses.