Settlement times - Kazakhstan

The deadlines shown below are valid provided that the client's instructions are complete, accurate and eligible for straight-through processing (STP) in CBL and in the local market. Clients must also ensure that any necessary provision of cash and securities is available. If any of these criteria are not met, CBL cannot guarantee timely settlement.

Important note: As part of CBL’s internal compliance procedures, all incoming client instructions will be automatically scanned before entering transaction processing.  Instructions that are internally flagged as requiring further manual investigation are set to status pending, with such status immediately reported to the client via their chosen media channel(s), until either being manually released for processing or rejected. In order to ensure that instructions being investigated do not miss the applicable deadlines, clients are advised to input instructions at least 15 minutes before the associated deadline.

Settlement times in Central European Time (CET)

summertime

wintertime

a. Clients must pre-fund their KZT account in CBL for receipt against payment settlement instructions. Cash will be reserved for settlement onto the CBL technical account 29300 until the settlement is confirmed and received by the market. For cash format, please refer to Other services.

If there is a pre-funding failure, then the instructions will remain in “Money Provision” until the account is duly funded.