KACD amends rules on income payments

Thu, 31/03/2016

The process of distribution of income from securities in Kazakhstan is about to speed up.                                                                                                                                                                                              

The Board of Directors of the Central Securities Depository of the Republic of Kazakhstan (KACD) approved amendments to the depository’s rules on interest income and dividend payments processing which will incorporate the use of the Kazakhstan Interbank Settlement Centre of the National Bank of Kazakhstan’s (KISC) multilateral clearing system.

With these amendments, KACD will use KISC’s clearing system to transfer net interest income and dividend payments to investors’ banks instead of processing individual payments into investors’ accounts through the National Bank’s RTGS system.

The effective date of the amendments will be provided in due course.

Ksenia Liskina
Relationship Manager
GSS Russia