Settlement - KASE Clearing Centre

The KASE Clearing Center ensures execution of cash settlements on all serviced markets where the central counterparty (CCP) participates, according to the Delivery versus Payment principle.

To carry out clearing activities, the KASE Clearing Center has a developed network of correspondent accounts intended for:

settlement of transactions involving the CCP
accounting of guarantee and reserve contributions
storage of margin contributions
ensuring full and/or partial fulfillment of obligations of clearing participants

Correspondent accounts of the KASE Clearing Center are opened with the National Bank of the Republic of Kazakhstan as well as with second-tier banks of the Republic of Kazakhstan and with foreign banks, which ensures flexibility and stability of the settlement infrastructure.

The KASE Clearing Center acts as a key settlement link in operations involving the CCP: all monetary settlements on the stock, FX and derivatives markets are conducted through the KASE Clearing Center. At that, the settlements on securities on the stock market are carried out through the central depository.

Accounts for the clearing activities have a special legal status:

they are not included in the property estate of the clearing organization, including in case of liquidation or bankruptcy;
they are exempt from foreclosure under obligations of the clearing organization;
they cannot be subject to claims from law enforcement or other government agencies on grounds not related to fulfillment of obligations of the clearing participants;
they are used exclusively for settlement and accounting of collateral.

Settlement details

Details of the KACC's multicurrency correspondent account with the Central Depository

List of special codes for identifying the payments of clearing participants when settling the transactions with the central counterparty on the stock market

When transferring Kazakhstani KZT, as well as foreign currencies from bank accounts in the Central Depository

Beneficiary name

KASE Clearing Center JSC

Bank account number (BAN)

KZ117660000366162CC1

Beneficiary bank name:

Central Securities Depository JSC

Beneficiary bank's BIC:

CEDUKZKA

Beneficiary code:

Payment purpose

one of the special codes for payment identification

When transferring foreign currencies from bank accounts of other service organizations

Name of the Clearing Center (specify in field 72), for foreign currencies except for Russian rubles:

KASE Clearing Centre

Example: 
:72:/BNF/in favor of KASE Clearing Centre
//XXXXX OWNI

Name of the Clearing Center (specify in field 72), for Russian rubles:

AO KLIRINGOVYi CENTR 'KASE'

Example:
:72:/NZP/V POLXZU KLIRINGOVOGO CENTRA 'KASE'
//XXXXX OWNI

where:
XXXXX – a clearing participant's trading code
OWNI – one of the special codes for payment identification

Name and SWIFT BIC of Central Securities Depository JSC:

Central Securities Depository JSC

SWIFT BIC: CEDUKZKA

Details of the Central Depository's correspondent account

Correspondent account details	The Central Depository's bank account number	Name and SWIFT BIC of the Central Depository's correspondent bank
In US dollars	36376974	Citibank N.A., New York SWIFT BIC: CITIUS33
In euros	GB78CITI18500818971331	Citibank N.A., London SWIFT BIC: CITIGB2L
In Russian rubles	30111810900000000053	Eurasian Development Bank SWIFT: EABRKZKA БИК: 044525815 Corr. account: 30101810700000000815 at the MD of the RF Central Bank for the Central Federal District, Moscow

Correspondent account details	In US dollars	In euros	In Russian rubles
The Central Depository's bank account number	36376974	GB78CITI18500818971331	30111810900000000053
Name and SWIFT BIC of the Central Depository's correspondent bank	Citibank N.A., New York SWIFT BIC: CITIUS33	Citibank N.A., London SWIFT BIC: CITIGB2L	Eurasian Development Bank SWIFT: EABRKZKA БИК: 044525815 Corr. account: 30101810700000000815 at the MD of the RF Central Bank for the Central Federal District, Moscow

In Chinese yuan

Correspondent account details	SWIFT BIC of Central Securities Depository JSC	Account of Central Securities Depository JSC	Name of Beneficiary Bank	Account of Beneficiary Bank	Name of Correspondent Bank	Account of Beneficiary Bank
SB Bank of China in Kazakhstan JSC	CEDUKZKAXXX	KZ119139876602010CNY	Bank of China Kazakhstan SWIFT BIC: BKCHKZKAXXX	01287560113937	Bank of China (Hong Kong) Limited SWIFT BIC: BKCHHKHH838	Bank of China (Shanghai) SWIFT BIC: BKCHCNBJS00
Commercial and Industrial Bank of China in Almaty JSC	CEDUKZKAXXX	KZ599300001000013792	Industrial and Commercial Bank of China (Almaty) JSC SWIFT BIC: ICBKKZKXXXX	0101000111902562381	Industrial and Commercial Bank of China Limited (Head Office)	ICBKCNBJ

Correspondent account details	SB Bank of China in Kazakhstan JSC	Commercial and Industrial Bank of China in Almaty JSC
SWIFT BIC of Central Securities Depository JSC	CEDUKZKAXXX	CEDUKZKAXXX
Account of Central Securities Depository JSC	KZ119139876602010CNY	KZ599300001000013792
Name of Beneficiary Bank	Bank of China Kazakhstan SWIFT BIC: BKCHKZKAXXX	Industrial and Commercial Bank of China (Almaty) JSC SWIFT BIC: ICBKKZKXXXX
Account of Beneficiary Bank	01287560113937	0101000111902562381
Name of Correspondent Bank	Bank of China (Hong Kong) Limited SWIFT BIC: BKCHHKHH838	Industrial and Commercial Bank of China Limited (Head Office)
Account of Beneficiary Bank	Bank of China (Shanghai) SWIFT BIC: BKCHCNBJS00	ICBKCNBJ