Kazakhstan: New domestic link
Clearstream Banking1 informs customers that it will implement a domestic link to Kazakhstan on
30 July 2018
The domestic link will initially provide settlement and custody services for Kazakhstan local denominated government bonds issued by the MinFin and short term notes issued by National Bank of Kazakhstan.
Clearstream Banking has appointed Citibank J.S.C. Kazakhstan as its local custodian and cash correspondent bank for the Kazakhstan market.
Impact on customers
Clearstream Banking customers will be able to use the following services:
- Internal free of payment and against payment settlement in all settlement eligible currencies, including the Kazakhstan Tenge (KZT);
- External free of payment settlement;
- Custody and cash reconciliation;
- Asset servicing.
Operational details and supporting documentation will be available on the Clearstream website on 30 July 2018.
For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.