Market Link Guide - Kazakhstan

30.06.2020

Key features

CSD link as defined under CSDR*

Yes

Type of link

Indirect link

*CSD Regulation (EU) No 909/2014, Article 2(29).

Operational arrangements

CSD

Custodian

Name

Central Securities Depository Joint Stock Company

Citibank Kazakhstan Joint Stock Company


FATCA GIIN

MRRRCC.99999.SL.398

NXUTG8.00233.ME.398

LEI

253400B69B5AY7PVCR49

95XXGORQK31JZP82OG22

Country of incorporation

Kazakhstan

Kazakhstan

Account type

 

Omnibus account under a Nominee structure

Legal Account name/holder

Clearstream Banking S.A.

Clearstream Banking S.A.

Operational arrangements

Yes/No

Remarks

Settlement free of payment

Yes

Settlement against payment

No

 

Settlement against payment in central bank money

No

 

Bridge settlement

No

 

Shaping facility

No

 

Partial settlement

No

 

Settlement penalty fees

No

 

Pre-matching

No

 

Back-to-back processing

No

 

Allegements

No

 

Automatic compensation

No

 

Registered securities

Yes

In the name of Clearstream Banking S.A.

Multi Market Securities

No

 

Lending and borrowing

No

 

Proxy voting

No

 

Investment Funds

No

 

Liquidity Hub Connect

No

 

Sale and purchase of rights

No

 

Repo services

No

 

Market restrictions

Yes

Holding restriction applies to local Kazakhstani domestic parties in CBL books.

FTT

No

 

Daily reconciliation

Yes

 

Bilateral cancellation

No

 

Settlement finality

Transactions settled in the books of the CSD are final and irrevocable

Legal Arrangements

The below section is based on the legal opinion obtained by CBL that was issued on 17 April 2020. The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.

No insolvency proceedings against the account operator or the CSD

Confirmed

Liability for negligence

Confirmed

Book-entry regime with in rem rights

 

No entitlement of the account operator/CSD  

Confirmed

Recognition as direct CSD account-holder

Confirmed

Recognition of nominee concept

Confirmed

No right of retention to the account operator/CSD

Confirmed

Segregation of assets at the CSD

Confirmed

No right of use

Confirmed

No upper-tier attachments

Confirmed

Insolvency of account operator/CSD with no impact on CBL's rights 

Confirmed

Shortfall pro-rated among holders

 

Settlement finality in case of insolvency

Confirmed