Cash instruction deadlines

Note: All times are Central European Time (CET).

The deadlines for customer cash instructions in UAH are as follows:

MT202 Cash instruction formats

Important note: Customers that are instructing a withdrawal of funds in UAH need to respect the following instruction formats. Payments will be rejected in the event of failure.

Customers must pay specific attention to the reason wording in field :72:/BNF/.

Outbound payments

From non-resident CBL cash account to own local on-shore non-resident cash account

:57a:/BIC of the local agent

:58D:/IBAN (IBAN is mandatory in Ukraine and should be populated without space)
Beneficiary name
Tax Code 000000000 ¹
:72: BNF/      Customers need to choose the appropriate reason from the list below; always quote the entire wording and do not deviate from the country and transaction codes.

• GVMT Bonds Redemption Funds transfer from foreign correspondent bank - depository account, country code 442, transaction code 8424; or

• GVMT Bonds Coupon Funds transfer from foreign correspondent bank - depository account, country code 442, transaction code 8424; or

• GVMT Bonds Sale Proceeds Funds transfer from foreign correspondent bank - depository account, country code 442, transaction code 8424

Example:

:57a:/SWIFTBANKXXX (BIC of the local agent)
:58D:/UA111111111111111111111111111) (beneficiary IBAN)
          Beneficiary name
          Tax Code 000000000
:72:/BNF/GVMT Bonds Redemption Funds transfer from foreign correspondent bank - depository account, country code 442, transaction code 8424

From non-resident CBL cash account to

• Resident local on-shore account; or
• Non-resident local on-shore cash account

:57a:/BIC of the local agent
:58D:/IBAN (IBAN is mandatory in Ukraine)
          Beneficiary name
          Tax Code 000000000 ¹
:72:/BNF/  Customers need to choose the appropriate reason within the following list; always quote the entire wording and do not deviate country and transaction codes however include number and date of agreement.

• Funds transfer for purchase of GVMT bonds at primary auction, brokerage agreement (number and date), country code 442, transaction code 8430; or
• Payment for GVMT bonds PSA at the secondary market (PSA number and date), country code 442, transaction code 8430; or
• Funds transfer for purchase of GVMT bonds via Settlement Center to the local broker, brokerage agreement (number and date), country code 442, transaction code 8430.

Example:

:57a:/ SWIFTBANKXXX (BIC of the local agent)
:58D: UA111111111111111111111111111 (beneficiary IBAN at local bank)
          Beneficiary name
          Tax Code 000000000
:72: BNF/Funds transfer for purchase of GVMT bonds at primary auction, brokerage agreement (N°123456 dated 01/01/19), country code 442, transaction code 8430

Inbound payments

From own non-resident local on-shore cash account to own non-resident CBL cash account

Scenario: CBL customer transfers UAH funds between its on-shore account and own CBL cash account.

:57a:/CITIUAUKXXX
:58D:/UA273005840000016006460108004
         Clearstream Banking S.A.
         Tax Code 000000000 ¹
:72:/BNF/Funds transfer between own accounts with further credit to CBL account number (5-digit CBL account + CBL name of non-resident), transaction code 8424, country code of fund’s remitter (customers need to check and quote the country code of the remitter)

From non-resident local on-shore cash account or local resident bank on-shore cash account to own non-resident CBL cash account

Scenario: CBL customer sells government bonds to another non-resident on-shore or a local bank on-shore in Ukraine.

:57a:/CITIUAUKXXX
:58D:/UA273005840000016006460108004
          Clearstream Banking S.A.
          Tax Code 000000000 ¹

:72:/BNF/Payment for GVMT bonds PSA (number and date), code of transaction 8430, country code of fund’s remitter (customers need to check and quote the country code of the remitter) and CBL account number (5-digit CBL account + CBL name of non-resident)

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1. Beneficiary Tax ID is always 000000000 for non-residents.