Market Link Guide - Kazakhstan
Key features
CSD link as defined under CSDR* | Yes |
Type of link | Indirect link |
*CSD Regulation (EU) No 909/2014, Article 2(29).
Operational arrangements
CSD | Custodian | |
Name | Central Securities Depository Joint Stock Company | Citibank Kazakhstan Joint Stock Company |
FATCA GIIN | MRRRCC.99999.SL.398 | NXUTG8.00233.ME.398 |
LEI | 253400B69B5AY7PVCR49 | 95XXGORQK31JZP82OG22 |
Country of incorporation | Kazakhstan | Kazakhstan |
Account type | Omnibus account under a Nominee structure | |
Legal Account name/holder | Clearstream Banking S.A. | Clearstream Banking S.A. |
Yes/No | Remarks | ||
Settlement free of payment | Yes | ||
Settlement against payment | Yes | ||
Settlement against payment in central bank money | No | ||
Bridge settlement | No | ||
Shaping facility | No | ||
Partial settlement | No | ||
Settlement penalty fees | No | ||
Pre-matching | No | ||
Back-to-back processing | No | ||
Allegements | No | ||
Automatic compensation | No | ||
Registered securities | Yes | In the name of Clearstream Banking S.A. | |
Multi Market Securities | No | ||
Lending and borrowing | No | ||
Proxy voting | No | ||
Investment Funds | No | ||
Liquidity Hub Connect | No | ||
Sale and purchase of rights | No | ||
Repo services | No | ||
Market restrictions | Yes | Holding restriction applies to local Kazakhstani domestic parties in CBL books. | |
FTT | No | ||
Daily reconciliation | Yes | ||
Bilateral cancellation | No | ||
Settlement finality | Transactions settled in the books of the CSD are final and irrevocable | ||
Legal arrangements
The below section is based on the legal opinion obtained by CBL that was issued on 30 March 2023. The information is provided for guidance only and should not be considered in isolation or as constituting a complete or definitive legal advice on any specific matter.
No insolvency proceedings against the account operator or the CSD | Confirmed |
Liability for negligence | Confirmed |
Book-entry regime within rem rights | |
No entitlement of the account operator/CSD | Confirmed |
Recognition as direct CSD account holder | Confirmed |
Recognition of nominee concept | Confirmed |
No right of retention to the account operator/CSD | Confirmed |
Segregation of assets at the CSD | Confirmed |
No right of use | Confirmed |
No upper-tier attachments | Confirmed |
Insolvency of account operator/CSD with no impact on CBL's rights | Confirmed |
Shortfall pro-rated among holders | |
Settlement finality in case of insolvency | Confirmed |