Other services - Kazakhstan
Cash services
Payment processing
Requirement for MT202 when using Citibank Kazakhstan JSC as cash correspondent bank (CCB) for the Kazakh Tenge (KZT).
Cash Instructions
It is mandatory to include the following details in fields :58: and :72: in SWIFT MT202:
Field 58D | Field 72 |
EKPN is composed of the following sequence of details:
For example: EKPN 2524KTZ123 | The payment details (text format mandatory for each payment) must match the text of the respective KNP code transaction type description (list below). |
KOD code
The KOD remitter code for CBL customers is 25.
KBE codes
KBE codes are two digits and represent the beneficiary code.
The beneficiary code for a domestic counterparty is derived from the tables below (the first “y” digit indicates the type of residency):
1 | Resident. |
2 | Non-resident. |
1 | Government (central administration bodies). |
2 | Regional and local administration bodies. |
3 | Central banks (national banks). |
4 | Monetary and depositary finance corporations (banks). |
5 | Non-depositary finance corporations (organisations performing some bank activities). |
6 | State non-finance corporations. |
7 | Private non-finance corporations. |
8 | Not-for-profit organisations. |
9 | Individuals, self employed population. |
KNP code transaction type description
KPN code is the three-digit Purpose of Payment code (KNP).
The Purpose of Payment code (KNP) describes the nature of the payment and has been classified in accordance with instructions of the National Bank of Kazakhstan.
The most common KNP codes are as follows:
KNP Code | Transaction type description |
010 | Obligatory pension contributions. |
012 | Obligatory social contributions. |
213 | Purchase of foreign currency against KZT outside the stock exchange. |
223 | Sale of foreign currency against KZT outside the stock exchange. |
230 | Foreign currencies conversion (without involving KZT). |
290 | FX penalties. |
311 | Placement of demand deposit. |
312 | Placement of short-term deposit (up to one year). |
314 | Placement of long-term deposit (over one year). |
321 | Withdrawal of demand deposit (own funds transfer). |
322 | MM deal close (take-up). |
411 | Disbursement of short-term loan (up to one year). |
413 | Disbursement of long-term loan (over one year). |
421 | Repayment of short-term loan (up to one year). |
423 | Repayment of long-term loan (over one year). |
563 | Coupon payment on non-government securities and bills issued by non-residents of Kazakhstan. |
663 | Coupon payment on non-government securities and bills issued by residents of Kazakhstan. |
710 | Payment for goods (except apartment). |
841 | Payment for financial services. |
859 | Payment for services. |
911 | Payment to tax authorities. |
Receipt of funds at Citibank Kazakhstan JSC
Customers should ensure that, when paying an amount in KZT to Citibank Kazakhstan JSC in favour of Clearstream Banking, their cash correspondent bank provides the following details:
- Account number of Clearstream Banking S.A. (as beneficiary) at Citibank Kazakhstan JSC – KZ6283201T0150269008
- Beneficiary Code (KBE) of Clearstream Banking S.A. - 25
- Business Identification Number (BIN) - 000000000000
- Purpose of payment code (KNP) to comply with currency control requirements.
Straight-through processing
In order to ensure straight-through processing, all the above details are required. An instruction that omits these details or includes incorrect details will need to be cancelled and a new instruction input.
Note: Back valuation is not possible in Kazakhstan.
Bridge settlement
Kazakhstani securities are not eligible for settlement through the Bridge with Euroclear Bank.
Securities lending and borrowing
Kazakhstani securities are not eligible for CBL’s securities lending and borrowing programme.
Disclosure requirements
Please refer to the Disclosure Requirements - Kazakhstan.
Tax services
Government debt issued by the Sovereign state of Kazakhstan are taxed free for foreign holders. The Clearstream Banking S.A. Nominee account is recognised as a foreign entity.