Kazakhstan: New CCB link and cash instruction format requirements for KZT cash payments
With effect from
29 July 2013
Clearstream Banking1 has appointed Citibank Kazakhstan JSC as cash correspondent bank (CCB) for the Kazakh Tenge (KZT).
Cash correspondent details
| Currency: | Kazakh Tenge (KZT) |
| CCB name: | Citibank Kazakhstan JSC |
| CBL account: | KZ6283201T0150269008 |
| SWIFT address: | CITIKZKA |
Impact on instructions
With regard to cash payment instructions in KZT, customers should note that it is mandatory to include the following details in the Sender to Receiver Information (field :72: in SWIFT MT202):
:72:/BNF/BIN nnnnnnnnnnnn
//EKNP xxyyKZTzzz
//payment details
where:
nnnnnnnnnnnn is the beneficiary’s 12-digit Business Identification Number (BIN);
xx is the 2-digit Remitter’s Code (KOD);
yy is the 2-digit Beneficiary Code (KBE);
zzz is the 3-digit Purpose of Payment Code (KNP)
payment details must match with the text of the respective KNP code transaction type description (see below).
Receipt of funds at Citibank Kazakhstan JSC
CBL customers should ensure that, when paying an amount in KZT to Citibank Kazakhstan JSC in favour of CBL, 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.
KNP code transaction type description
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 | |
| 213 | Transfer of KZT for foreign currency purchase | |
| 223 | Transfer of foreign currency for KZT purchase | |
| 290 | FX penalties | |
| 312 | MM deal open (interbank lending/borrowing) | |
| 322 | MM deal close (take-up) | |
| 411 | Short-term loan disbursement | |
| 413 | Long-term loan (more than one year) loan disbursement | |
| 421 | Short-term loan repayment | |
| 423 | Long-term loan repayment | |
| 553 | 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 | |
| 840 | Payment for financial services | |
| 859 | Payment for services |
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: Backvaluation is not possible in Kazakhstan.
Further information
For further information, customers may contact Clearstream Banking Customer Service or their Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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