Russia: Instruction format requirements for RUB cash payments : update
Further to our Announcement L12051, dated 5 October 2012, we hereby provide additional clarification of the format requirements for Clearstream Banking1 customers with regard to cash transfer messages on the Russian market via SWIFT.
Transfers of RUB from Clearstream customer to Russian domestic counterparty
Domestic counterparty outside the books of Deutsche Bank Ltd, Moscow
| :20: xxxxxxxxxx | Client reference |
:21: xxxxxxxxxx | Related client reference |
:32A: 010107RUB1000000,00 | Value date, currency code, amount |
:52A: xxxxxxxxxxx | SWIFT BIC of Ordering Institution (where different from Sender) |
:53B: /CEDEL nnnnn | Customer’s account within CBL |
| :56a:a/BIKxxxxxxxxx/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | If a Russian bank: BIKb/20-digit correspondent account at CBRc SWIFT BIC of local bank |
| :57a: /BIKxxxxxxxxx/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | If a Russian bank: BIKb/20-digit correspondent accountd SWIFT BIC of local bank |
| or | or |
/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | 20-digit correspondent account SWIFT BIC of non-Russian bank |
| :58a: /BIKxxxxxxxxx/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | If a Russian bank: BIKb/20-digit correspondent account SWIFT BIC of local bank (final beneficiary) |
| or | or |
| /xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | Correspondent account SWIFT BIC of non-Russian bank (final beneficiary) |
| :72: /REC/(VOnnnnn) //INN0000000000 | VO code and description of payment purpose Customers should always input 10 zeroes unless INN code is required by final beneficiary bank |
or | or |
| If KIO Code required by final beneficiary bank: :72: /REC/(VOnnnnn) //KIOnnnnn | VO code and description of payment purpose KIO Code if required by the final beneficiary bank |
a. To be used only if there are two intermediary banks; otherwise, :56a: must not be included.
b. BIK= Identification code of the bank (12 characters: 9 digits preceded by BIK (see below)).
c. CBR=Central Bank of Russia.
d. If :56a: not used, this account must be at CBR; otherwise, it must be at the intermediary bank.
Domestic counterparty within the books of Deutsche Bank Ltd, Moscow
| :20: xxxxxxxxxx | Client reference |
:21: xxxxxxxxxx | Related client reference |
:32A: 010107RUB1000000,00 | Value date, currency code, amount |
:52A: xxxxxxxxxxx | SWIFT BIC of Ordering Institution (where different from Sender) |
:53B: /CEDEL nnnnn | Customer’s account within CBL |
| :56a:a/BIK044525101/30101810100000000101 DEUTRUMM | BIK of DEUTRUMMXXX/20-digit correspondent account number of DB MOSCOW SWIFT BIC of Deutsche Bank Ltd, Moscow (intermediary) |
| :57a: /BIK044525101/30101810100000000101 DEUTRUMM | BIK of DEUTRUMMXXX/20-digit correspondent account number of DB MOSCOW SWIFT BIC of Deutsche Bank Ltd, Moscow (intermediary) |
| or, if :56a: is used: | or, if :56a: is used: |
/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | 20-digit account at Deutsche Bank Ltd, Moscow SWIFT BIC of intermediary |
| :58a: /BIKxxxxxxxxx/xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | 20-digit account at Deutsche Bank Ltd, Moscow SWIFT BIC of final beneficiary |
| or, if :56a: is used: | or, if :56a: is used: |
| /xxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx | 20-digit correspondent account of final beneficiary SWIFT BIC of final beneficiary |
| :72: /REC/(VOnnnnn) //INN0000000000 | VO code and description of payment purpose Customers should always input 10 zeroes unless INN code is required by final beneficiary bank |
or | or |
| If KIO Code required by final beneficiary bank: :72: /REC/(VOnnnnn) //KIOnnnnn | VO code and description of payment purpose KIO Code |
a. To be used only if there are two intermediary banks; otherwise, :56a: must not be included.
Receipt of funds at Deutsche Bank Ltd, Moscow
CBL customers should ensure that, when paying an amount in RUB to Deutsche Bank Ltd, Moscow in favour of CBL, their cash correspondent bank provides the following details:
- BIK of Deutsche Bank Ltd, Moscow - BIK044525101;
- Account number of Deutsche Bank Ltd, Moscow at the Central Bank of Russia: 30101810100000000101;
- Account number of Clearstream Banking Luxembourg (as beneficiary) at Deutsche Bank Ltd, Moscow - 30111810000000000036;
- The CBL customer and the CBL 5-digit account number to be credited;
- INN code - //INN0000000000 (optional, not required by CBL; may be required by cash correspondent bank);
- CBL KIO code – 22288 (optional, not required by CBL; may be required by cash correspondent bank);
- Transaction type (VO) code and description of payment purpose (for example, funds transfer) to comply with currency control requirements.
Most common Russian counterparties
| Bank name | BIK | Bank name | BIK | |
| Bank Credit Suisse (Moscow) | BIK044525236 | JP Morgan Bank International | BIK044525218 | |
| Bank of Moscow (Bank Moskvy) | BIK044525219 | Raiffeisen Bank ZAO | BIK044525700 | |
| Bank Russkiy Standard | BIK044583151 | Unicredit Bank, Moscow | BIK044525545 | |
| Citibank ZAO | BIK044525202 | Uralsib | BIK044525787 | |
| Deutsche Bank | BIK044525101 | Vneshekonombank | BIK044525060 | |
| Gazprombank | BIK044525823 | VTB | BIK044525187 | |
| ING Bank (Eurasia) ZAO | BIK044525222 |
Most common VO Codes
| VO code | Transaction type description |
| VO11900 | Refund of overpaid amount related to a non-resident’s payment to a resident for the import of goods from the territory of Russia (including under commission and agency agreement). |
| VO12900 | Refund of overpaid amount related to a non-resident’s payment for goods sold by residents off shore, without importing into the territory of Russia. |
| VO13900 | Refund of overpaid amount related to a non-resident’s payment for goods sold by residents in the territory of Russia. |
| VO21900 | Refund of overpaid amount related to a non-resident’s payment to resident for services, works, intellectual property, information provided by a resident and payment for real estate lease (including proceeds obtained from third parties under commission and agency agreements). |
| VO23900 | Refund of overpaid amounts under combined contracts related to a non-resident’s transfer to a resident for goods, services, works, intellectual property, information provided by residents (that can be paid simultaneously) under combined contracts (commission, agency and lease agreements). |
| VO30900 | Refund of overpaid amounts related to a non-resident’s payment for real estate sold by a resident. |
| VO35030 | Other non-resident payments to a resident related to foreign trade contracts, excluding group of VO codes VO11900, VO12900, VO21900, VO23900, VO30900. |
| VO60070 | Transfers between two non-resident RUB accounts held with the same licensed Russian bank and belonging to the same non-resident. |
| VO60071 | Transfers between two non-resident RUB accounts held with different licensed Russian banks and belonging to the same non-resident. |
| VO60075 | Transfers from a non-resident’s RUB current account held with a licensed Russian bank to an RUB current or deposit account of the same non-resident held with a non-resident bank and transfers from a non-resident’s RUB deposit account held with a licensed Russian bank to a RUB current account of the same non-resident with a non-resident bank. |
| VO60080 | Transfers from a non-resident’s RUB current account to another non-resident’s RUB current or deposit account belonging to another non-resident and held with the same licensed Russian bank. |
| VO60081 | Transfers from a non-resident’s RUB current account held with a licensed Russian bank to a non-resident RUB current or deposit account belonging to another non-resident and held with another licensed Russian bank. |
| VO99090 | Other settlements and transfers not indicated above. (The use of this VO code must be confirmed before the sending of a payment instruction.) |
Straight-through processing
All the above details are required in order to ensure straight-through processing. Instructions that omit these details will be processed on a “best efforts” basis and without guarantee of application of the expected value date for the payment.
Further information
For further information, customers may contact Clearstream Banking Customer Service or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, 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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